2, PAKEFIELD ROAD, LOWESTOFT, NR33 0HS - £439,000

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 PAKEFIELD ROAD is a very large extended detached house of 167m², built sometime between 1900 and 1929. It was last sold for £439,000 in May 2019, which was around 29% above the average May 2019 detached price in the East Suffolk local authority area. The most recent EPC inspection was February 2012, where the current energy rating was E, and the potential energy rating was E.

2 PAKEFIELD ROAD Sold Prices

Land registry data shows three sales for 2 PAKEFIELD ROAD 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. The three 2 PAKEFIELD ROAD sales were a mix of above the average price, roughly equal to the average price, and 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
2019 7 MAY	£439,000	£340,002	29% above HPI
2016 7 JUL	£290,000	£311,086	7% below HPI
2001 9 NOV	£145,000	£144,437	Close to HPI

2 PAKEFIELD 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 three 2 PAKEFIELD ROAD sales between November 2001 and May 2019 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 July 2016 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the May 2019 sale, where it rises to 29% above the HPI. The line then continues to track at 29% above the HPI.

How Large is 2 PAKEFIELD ROAD?

2 PAKEFIELD ROAD is 167m², which includes one extension, according to the EPC inspection conducted in February 2012. This puts it in the largest 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 PAKEFIELD ROAD lies on this distribution: 92% of detached houses are smaller than 2 PAKEFIELD ROAD, and 8% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

2 PAKEFIELD ROAD: Plot and Title Map

2 PAKEFIELD ROAD sits on a plot of roughly 0.089 of an acre, or 361m². The below map shows the location of 2 PAKEFIELD 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 PAKEFIELD 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 PAKEFIELD ROAD?

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