2, MENDIP ROAD, OULTON, LOWESTOFT, NR32 3HJ - £162,000

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 MENDIP ROAD is a large extended detached house of 119m², built sometime between 1976 and 1982. It was last sold for £162,000 in May 2005, which was around 25% below the average May 2005 detached price in the East Suffolk local authority area. The most recent EPC inspection was April 2014, where the current energy rating was B, and the potential energy rating was B.

2 MENDIP ROAD Sold Prices

Land registry data shows four sales for 2 MENDIP ROAD 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 MENDIP ROAD 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
2005 20 MAY	£162,000	£215,741	25% below HPI
2002 28 JUN	£110,000	£156,145	30% below HPI
1999 9 DEC	£78,995	£102,225	23% below HPI
1996 26 APR	£59,000	£73,667	20% below HPI

2 MENDIP ROAD 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 MENDIP ROAD sales between April 1996 and May 2005 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 June 2002 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the May 2005 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 2 MENDIP ROAD?

2 MENDIP ROAD is 119m², which includes one extension, according to the EPC inspection conducted in April 2014. This puts it in the largest 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 MENDIP ROAD lies on this distribution: 71% of detached houses are smaller than 2 MENDIP ROAD, and 28% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

2 MENDIP ROAD: Plot and Title Map

2 MENDIP ROAD sits on a plot of roughly 0.100 of an acre, or 406m². The below map shows the location of 2 MENDIP ROAD, 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 MENDIP ROAD). 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 MENDIP ROAD?

2 MENDIP ROAD is located in OULTON, in the NR32 postcode district. The below map shows the position of No. 2 on MENDIP ROAD.