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

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

15 UNION LANE is a small detached house of 79m², built sometime between 1991 and 1995. 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	£423,046	39% below HPI
2021 28 MAY	£220,000	£372,753	41% below HPI
2009 6 JUL	£134,000	£226,587	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.

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 in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses by size in Lowestoft, and where 15 UNION LANE lies on this distribution: 30% of detached 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 0.048 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.