18, LANDSPRING LANE, LOWESTOFT, NR33 9RT - £240,000

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

18 LANDSPRING LANE is a small detached house of 76m², built sometime between 1976 and 1982. It was last sold for £240,000 in May 2022, which was around 43% below the average May 2022 detached price in the East Suffolk local authority area. The most recent EPC inspection was January 2022, where the current energy rating was D, and the potential energy rating was B.

18 LANDSPRING LANE Sold Prices

Land registry data shows two sales for 18 LANDSPRING LANE 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 18 LANDSPRING 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
2022 13 MAY	£240,000	£423,073	43% below HPI
1995 18 AUG	£55,995	£74,537	25% below HPI

18 LANDSPRING 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 two 18 LANDSPRING LANE sales from August 1995 and May 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 August 1995 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the May 2022 sale, where it falls to 43% below the HPI. The line then continues to track at 43% below the HPI.

How Large is 18 LANDSPRING LANE?

18 LANDSPRING LANE is 76m² according to the EPC inspection conducted in January 2022. This puts it in the smallest 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 18 LANDSPRING LANE lies on this distribution: 25% of detached houses are smaller than 18 LANDSPRING LANE, and 74% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

18 LANDSPRING LANE: Plot and Title Map

18 LANDSPRING LANE sits on a plot of roughly 0.115 of an acre, or 464m². The below map shows the location of 18 LANDSPRING 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 18 LANDSPRING 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 18 LANDSPRING LANE?

18 LANDSPRING LANE is located in LOWESTOFT, in the NR33 postcode district. The below map shows the position of No. 18 on LANDSPRING LANE.