12, MURILLO DRIVE, LOWESTOFT, NR32 4QH - £195,000

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

12 MURILLO DRIVE is a large detached house of 116m², built sometime between 1967 and 1975. It was last sold for £195,000 in December 2011, which was around 24% below the average December 2011 detached price in the East Suffolk local authority area. The most recent EPC inspection was August 2011, where the current energy rating was E, and the potential energy rating was D.

12 MURILLO DRIVE Sold Prices

Land registry data shows three sales for 12 MURILLO DRIVE 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. All of the three 12 MURILLO DRIVE sales were 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
2011 9 DEC	£195,000	£257,082	24% below HPI
2004 23 APR	£189,995	£207,942	9% below HPI
1998 8 SEP	£80,000	£91,426	12% below HPI

12 MURILLO DRIVE 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 12 MURILLO DRIVE sales between September 1998 and December 2011 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 April 2004 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the December 2011 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 12 MURILLO DRIVE?

12 MURILLO DRIVE is 116m² according to the EPC inspection conducted in August 2011. This puts it in the largest 40% of detached houses in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses by size in Lowestoft, and where 12 MURILLO DRIVE lies on this distribution: 69% of detached houses are smaller than 12 MURILLO DRIVE, and 30% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

12 MURILLO DRIVE: Plot and Title Map

12 MURILLO DRIVE sits on a plot of roughly 0.084 of an acre, or 340m². The below map shows the location of 12 MURILLO DRIVE, 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 12 MURILLO DRIVE). 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 12 MURILLO DRIVE?

12 MURILLO DRIVE is located in LOWESTOFT, in the NR32 postcode district. The below map shows the position of No. 12 on MURILLO DRIVE.