16, HOUGHTON DRIVE, OULTON, LOWESTOFT, NR32 3HR - £315,000

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.

16 HOUGHTON DRIVE is a small detached house of 88m², built sometime between 1996 and 2002, which could now be worth an estimated £301,196. It was last sold for £315,000 in November 2022, which was around 29% below the average November 2022 detached price in the East Suffolk local authority area. The most recent EPC inspection was September 2014, where the current energy rating was C, and the potential energy rating was B.

16 HOUGHTON DRIVE Sold Prices

Land registry data shows three sales for 16 HOUGHTON 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 16 HOUGHTON 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
2022 25 NOV	£315,000	£442,435	29% below HPI
2007 24 JUL	£179,000	£250,828	29% below HPI
2000 17 MAR	£74,450	£103,555	28% below HPI

16 HOUGHTON 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 16 HOUGHTON DRIVE sales between March 2000 and November 2022 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 July 2007 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the November 2022 sale, which was also at 29% below the HPI.

What might 16 HOUGHTON DRIVE be worth now?

16 HOUGHTON DRIVE might now be worth an estimated £301,196.

This is based on house price deflation of 4.4%, between November 2022 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 4.4% deflationary decrease is applied to the most recent sale price for 16 HOUGHTON DRIVE of £315,000 on 25th November 2022. For the value to have decreased from £315,000 to £301,196 over the three years and nine months to February 2025, the following assumptions must hold true:

• The value of 16 HOUGHTON DRIVE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The November 2022 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of 16 HOUGHTON DRIVE has not materially changed since November 2022.

How Large is 16 HOUGHTON DRIVE?

16 HOUGHTON DRIVE is 88m² according to the EPC inspection conducted in September 2014. 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 16 HOUGHTON DRIVE lies on this distribution: 40% of detached houses houses are smaller than 16 HOUGHTON DRIVE, and 59% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

16 HOUGHTON DRIVE: Plot and Title Map

16 HOUGHTON DRIVE sits on a plot of roughly 0.058 of an acre, or 234m². The below map shows the location of 16 HOUGHTON 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 16 HOUGHTON 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 16 HOUGHTON DRIVE?

16 HOUGHTON DRIVE is located in OULTON, in the NR32 postcode district. The below map shows the position of No. 16 on HOUGHTON DRIVE.