2, FERN AVENUE, LOWESTOFT, NR32 3JF - £285,000

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

2 FERN AVENUE is a small extended detached house of 77m², built sometime between 1967 and 1975. It was last sold for £285,000 in May 2024, which was around 32% below the average May 2024 detached price in the East Suffolk local authority area. The most recent EPC inspection was October 2015, where the current energy rating was B, and the potential energy rating was A.

2 FERN AVENUE Sold Prices

Land registry data shows three sales for 2 FERN AVENUE 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 2 FERN AVENUE 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
2024 9 MAY	£285,000	£420,877	32% below HPI
2019 22 MAR	£245,000	£347,560	30% below HPI
2001 31 AUG	£84,995	£134,767	37% below HPI

2 FERN AVENUE 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 2 FERN AVENUE sales between August 2001 and May 2024 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 March 2019 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the May 2024 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 2 FERN AVENUE?

2 FERN AVENUE is 77m², which includes one extension, according to the EPC inspection conducted in October 2015. 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 2 FERN AVENUE lies on this distribution: 26% of detached houses are smaller than 2 FERN AVENUE, and 72% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

2 FERN AVENUE: Plot and Title Map

2 FERN AVENUE sits on a plot of roughly 0.087 of an acre, or 353m². The below map shows the location of 2 FERN AVENUE, 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 FERN AVENUE). 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 FERN AVENUE?

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