11, PROSPECT ROAD, LOWESTOFT, NR32 3PT - £463,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

11 PROSPECT ROAD is a midsized detached house of 105m², built sometime between 2003 and 2006. It was last sold for £463,000 in August 2019, which was around 32% above the average August 2019 detached price in the East Suffolk local authority area. The most recent EPC inspection was June 2010, where the current energy rating was C, and the potential energy rating was C.

11 PROSPECT ROAD Sold Prices

Land registry data shows three sales for 11 PROSPECT ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. Two of the three 11 PROSPECT ROAD sales were for above the average price, whilst one was for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2019 2 AUG	£463,000	£350,133	32% above HPI
2012 29 MAY	£390,000	£250,962	55% above HPI
2004 26 MAR	£190,000	£204,684	7% below HPI

11 PROSPECT ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Suffolk local authority area over time, sourced from the HPI. The three 11 PROSPECT ROAD sales between March 2004 and August 2019 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the May 2012 sale was for 55% above the HPI. So the extrapolation line tracks at 55% above the HPI over time, until the August 2019 sale, where it falls to 32% above the HPI. The line then continues to track at 32% above the HPI.

How Large is 11 PROSPECT ROAD?

11 PROSPECT ROAD is 105m² according to the EPC inspection conducted in June 2010. This puts it in the largest 50% of detached houses in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses by size in Lowestoft, and where 11 PROSPECT ROAD lies on this distribution: 58% of detached houses are smaller than 11 PROSPECT ROAD, and 42% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

11 PROSPECT ROAD: Plot and Title Map

11 PROSPECT ROAD sits on a plot of roughly 0.537 of an acre, or 2,173m². The below map shows the location of 11 PROSPECT ROAD, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 11 PROSPECT ROAD). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 11 PROSPECT ROAD?

11 PROSPECT ROAD is located in LOWESTOFT, in the NR32 postcode district. The below map shows the position of No. 11 on PROSPECT ROAD.