16, PROSPECT ROAD, LOWESTOFT, NR32 3PT - £400,000

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

16 PROSPECT ROAD is a large extended detached house of 122m², built sometime between 1950 and 1966. It was last sold for £400,000 in March 2018, which was around 18% above the average March 2018 detached price in the East Suffolk local authority area. The most recent EPC inspection was November 2011, where the current energy rating was C, and the potential energy rating was C.

16 PROSPECT ROAD Sold Prices

Land registry data shows four sales for 16 PROSPECT ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. Most of the four 16 PROSPECT ROAD sales were for above 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
2018 26 MAR	£400,000	£339,832	18% above HPI
2004 21 MAY	£249,950	£211,686	18% above HPI
1998 23 JAN	£88,000	£84,213	4% above HPI
1995 8 DEC	£57,000	£73,915	23% below HPI

16 PROSPECT ROAD 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 four 16 PROSPECT ROAD sales between December 1995 and March 2018 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 2004 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the March 2018 sale, which was also at 18% above the HPI.

How Large is 16 PROSPECT ROAD?

16 PROSPECT ROAD is 122m², which includes one extension, according to the EPC inspection conducted in November 2011. This puts it in the largest 30% of detached houses in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses by size in Lowestoft, and where 16 PROSPECT ROAD lies on this distribution: 73% of detached houses are smaller than 16 PROSPECT ROAD, and 27% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

16 PROSPECT ROAD: Plot and Title Map

16 PROSPECT ROAD sits on a plot of roughly 0.196 of an acre, or 795m². The below map shows the location of 16 PROSPECT ROAD, 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 PROSPECT ROAD). 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 PROSPECT ROAD?

16 PROSPECT ROAD is located in LOWESTOFT, in the NR32 postcode district. The below map shows the position of No. 16 on PROSPECT ROAD.