2, BUTLEY DRIVE, LOWESTOFT, NR32 3EB - £220,000

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.

2 BUTLEY DRIVE is a small detached house of 83m², built sometime between 1950 and 1966, which could now be worth an estimated £265,515. It was last sold for £220,000 in June 2018, which was around 37% below the average June 2018 detached price in the East Suffolk local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was B.

2 BUTLEY DRIVE Sold Prices

Land registry data shows four sales for 2 BUTLEY DRIVE 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. All of the four 2 BUTLEY 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
2018 13 JUN	£220,000	£350,527	37% below HPI
2014 6 OCT	£155,000	£288,117	46% below HPI
2004 28 MAY	£132,000	£211,719	38% below HPI
1997 27 MAR	£65,000	£78,993	18% below HPI

2 BUTLEY 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 four 2 BUTLEY DRIVE sales between March 1997 and June 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 October 2014 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the June 2018 sale, where it rises to 37% below the HPI. The line then continues to track at 37% below the HPI.

What might 2 BUTLEY DRIVE be worth now?

2 BUTLEY DRIVE might now be worth an estimated £265,515.

This is based on house price inflation of 20.7%, between June 2018 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 20.7% inflationary increase is applied to the most recent sale price for 2 BUTLEY DRIVE of £220,000 on 13th June 2018. For the value to have increased from £220,000 to £265,515 over the seven years and four months to February 2025, the following assumptions must hold true:

• The value of 2 BUTLEY DRIVE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The June 2018 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 2 BUTLEY DRIVE has not materially changed since June 2018.

How Large is 2 BUTLEY DRIVE?

2 BUTLEY DRIVE is 83m² according to the EPC inspection conducted in October 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 2 BUTLEY DRIVE lies on this distribution: 35% of detached houses houses are smaller than 2 BUTLEY DRIVE, and 65% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

2 BUTLEY DRIVE: Plot and Title Map

2 BUTLEY DRIVE sits on a plot of roughly 0.111 of an acre, or 451m². The below map shows the location of 2 BUTLEY 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 2 BUTLEY 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 2 BUTLEY DRIVE?

2 BUTLEY DRIVE is located in LOWESTOFT, in the NR32 postcode district. The below map shows the position of No. 2 on BUTLEY DRIVE.