15, UNION LANE, OULTON, LOWESTOFT, NR32 3AX - £256,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

15 UNION LANE is a small detached house of 79m², built sometime between 1991 and 1995, which could now be worth an estimated £255,960. It was last sold for £256,000 in April 2023, which was around 39% below the average April 2023 detached price in the East Suffolk local authority area. The most recent EPC inspection was April 2009, where the current energy rating was D, and the potential energy rating was C.

15 UNION LANE Sold Prices

Land registry data shows three sales for 15 UNION LANE 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 15 UNION LANE 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
2023 14 APR	£256,000	£423,112	39% below HPI
2021 28 MAY	£220,000	£372,811	41% below HPI
2009 6 JUL	£134,000	£226,622	41% below HPI

15 UNION LANE 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 15 UNION LANE sales between July 2009 and April 2023 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 2021 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the April 2023 sale, where it rises to 39% below the HPI. The line then continues to track at 39% below the HPI.

What might 15 UNION LANE be worth now?

15 UNION LANE might now be worth an estimated £255,960.

This is based on house price deflation of 0%, between April 2023 and February 2025, for detached houses, in the East Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 0% deflationary decrease is applied to the most recent sale price for 15 UNION LANE of £256,000 on 14th April 2023. For the value to have decreased from £256,000 to £255,960 over the two years and two months to February 2025, the following assumptions must hold true:

• The value of 15 UNION LANE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The April 2023 sale price of £256,000 represented a fair market value for the property.
• The size, condition, and specification of 15 UNION LANE has not materially changed since April 2023.

How Large is 15 UNION LANE?

15 UNION LANE is 79m² according to the EPC inspection conducted in April 2009. This puts it in the smallest 40% of detached houses houses in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lowestoft, and where 15 UNION LANE lies on this distribution: 30% of detached houses houses are smaller than 15 UNION LANE, and 70% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

15 UNION LANE: Plot and Title Map

15 UNION LANE sits on a plot of roughly 0.047 of an acre, or 192m². The below map shows the location of 15 UNION LANE, 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 15 UNION LANE). 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 15 UNION LANE?

15 UNION LANE is located in OULTON, in the NR32 postcode district. The below map shows the position of No. 15 on UNION LANE.