2, LEONARD DRIVE, LOWESTOFT, NR32 4WB - £168,000

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 LEONARD DRIVE is a midsized detached house of 99m², built sometime between 1996 and 2002. It was last sold for £168,000 in August 2011, which was around 33% below the average August 2011 detached price in the East Suffolk local authority area. The most recent EPC inspection was March 2009, where the current energy rating was C, and the potential energy rating was C.

2 LEONARD DRIVE Sold Prices

Land registry data shows three sales for 2 LEONARD DRIVE 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 LEONARD 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
2011 22 AUG	£168,000	£251,903	33% below HPI
2001 25 SEP	£95,000	£139,852	32% below HPI
1997 17 DEC	£73,500	£84,679	13% below HPI

2 LEONARD 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 three 2 LEONARD DRIVE sales between December 1997 and August 2011 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 September 2001 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the August 2011 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 2 LEONARD DRIVE?

2 LEONARD DRIVE is 99m² according to the EPC inspection conducted in March 2009. 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 2 LEONARD DRIVE lies on this distribution: 52% of detached houses are smaller than 2 LEONARD DRIVE, and 48% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

2 LEONARD DRIVE: Plot and Title Map

2 LEONARD DRIVE sits on a plot of roughly 0.068 of an acre, or 275m². The below map shows the location of 2 LEONARD 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 LEONARD 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 LEONARD DRIVE?

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