2, IVY LANE, LOWESTOFT, NR33 8QH - £290,000

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 IVY LANE is a very large detached house of 152m², built sometime between 2003 and 2006. It was last sold for £290,000 in December 2015, which was around 4% below the average December 2015 detached price in the East Suffolk local authority area. The most recent EPC inspection was June 2014, where the current energy rating was C, and the potential energy rating was B.

2 IVY LANE Sold Prices

Land registry data shows two sales for 2 IVY 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. One of the two 2 IVY LANE sales was for below the average price, whilst the other was 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
2015 11 DEC	£290,000	£302,738	4% below HPI
2005 6 JAN	£249,950	£222,555	12% above HPI

2 IVY 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 2 IVY LANE sales from January 2005 and December 2015 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 January 2005 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the December 2015 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is 2 IVY LANE?

2 IVY LANE is 152m² according to the EPC inspection conducted in June 2014. This puts it in the largest 20% 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 IVY LANE lies on this distribution: 88% of detached houses are smaller than 2 IVY LANE, and 11% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

2 IVY LANE: Plot and Title Map

2 IVY LANE sits on a plot of roughly 0.111 of an acre, or 449m². The below map shows the location of 2 IVY 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 2 IVY 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 2 IVY LANE?

2 IVY LANE is located in LOWESTOFT, in the NR33 postcode district. The below map shows the position of No. 2 on IVY LANE.