127, HIGHER DRIVE, LOWESTOFT, NR32 3DE - £175,000

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

127 HIGHER DRIVE is a midsized detached house of 104m², built sometime between 1950 and 1966. It was last sold for £175,000 in August 2016, which was around 45% below the average August 2016 detached price in the East Suffolk local authority area. The most recent EPC inspection was November 2010, where the current energy rating was E, and the potential energy rating was C.

127 HIGHER DRIVE Sold Prices

Land registry data shows two sales for 127 HIGHER DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. Both of the two 127 HIGHER 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
2016 23 AUG	£175,000	£320,108	45% below HPI
2012 15 AUG	£135,000	£248,594	46% below HPI

127 HIGHER 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 two 127 HIGHER DRIVE sales from August 2012 and August 2016 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 August 2012 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the August 2016 sale, where it rises to 45% below the HPI. The line then continues to track at 45% below the HPI.

How Large is 127 HIGHER DRIVE?

127 HIGHER DRIVE is 104m² according to the EPC inspection conducted in November 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 127 HIGHER DRIVE lies on this distribution: 58% of detached houses are smaller than 127 HIGHER DRIVE, and 42% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

127 HIGHER DRIVE: Plot and Title Map

127 HIGHER DRIVE sits on a plot of roughly 0.094 of an acre, or 381m². The below map shows the location of 127 HIGHER 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 127 HIGHER 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 127 HIGHER DRIVE?

127 HIGHER DRIVE is located in LOWESTOFT, in the NR32 postcode district. The below map shows the position of No. 127 on HIGHER DRIVE.