2, LYNGATE AVENUE, LOWESTOFT, NR33 9JD - £175,000

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 LYNGATE AVENUE is a very small detached house of 55m², built sometime between 1967 and 1975. It was last sold for £175,000 in December 2016, which was around 47% below the average December 2016 detached price in the East Suffolk local authority area. The most recent EPC inspection was October 2016, where the current energy rating was D, and the potential energy rating was B.

2 LYNGATE AVENUE Sold Prices

Land registry data shows five sales for 2 LYNGATE AVENUE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. All of the five 2 LYNGATE 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
2016 7 DEC	£175,000	£327,148	47% below HPI
2011 14 OCT	£154,995	£253,599	39% below HPI
2003 24 SEP	£129,995	£194,583	33% below HPI
1998 26 MAR	£58,000	£83,317	30% below HPI
1997 30 APR	£52,000	£78,660	34% below HPI

2 LYNGATE 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 five 2 LYNGATE AVENUE sales between April 1997 and December 2016 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 2011 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the December 2016 sale, where it falls to 47% below the HPI. The line then continues to track at 47% below the HPI.

How Large is 2 LYNGATE AVENUE?

2 LYNGATE AVENUE is 55m² according to the EPC inspection conducted in October 2016. This puts it in the smallest 10% 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 LYNGATE AVENUE lies on this distribution: 2% of detached houses are smaller than 2 LYNGATE AVENUE, and 98% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

2 LYNGATE AVENUE: Plot and Title Map

2 LYNGATE AVENUE sits on a plot of roughly 0.159 of an acre, or 644m². The below map shows the location of 2 LYNGATE 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 LYNGATE 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 LYNGATE AVENUE?

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