1A, SHIP ROAD, LOWESTOFT, NR33 7DN - £295,000

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

1A SHIP ROAD is a midsized detached house of 98m², built sometime between 1996 and 2002. It was last sold for £295,000 in February 2021, which was around 21% below the average February 2021 detached price in the East Suffolk local authority area. The most recent EPC inspection was September 2020, where the current energy rating was C, and the potential energy rating was B.

1A SHIP ROAD Sold Prices

Land registry data shows three sales for 1A SHIP ROAD 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 1A SHIP ROAD 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
2021 12 FEB	£295,000	£373,390	21% below HPI
1999 26 AUG	£86,995	£99,731	13% below HPI
1998 23 FEB	£75,000	£84,540	11% below HPI

1A SHIP 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 three 1A SHIP ROAD sales between February 1998 and February 2021 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 1999 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the February 2021 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 1A SHIP ROAD?

1A SHIP ROAD is 98m² according to the EPC inspection conducted in September 2020. This puts it in the largest 50% of detached houses in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses by size in Lowestoft, and where 1A SHIP ROAD lies on this distribution: 51% of detached houses are smaller than 1A SHIP ROAD, and 48% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

1A SHIP ROAD: Plot and Title Map

1A SHIP ROAD sits on a plot of roughly 0.132 of an acre, or 533m². The below map shows the location of 1A SHIP 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 1A SHIP 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 1A SHIP ROAD?

1A SHIP ROAD is located in LOWESTOFT, in the NR33 postcode district. The below map shows the position of No. 1A on SHIP ROAD.