2, PENNYGATE DRIVE, LOWESTOFT, NR33 9HL - £400,000

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 PENNYGATE DRIVE is a very small detached house of 59m², built sometime between 1967 and 1975. It was last sold for £400,000 in April 2022, which was around 4% below the average April 2022 detached price in the East Suffolk local authority area. The most recent EPC inspection was August 2016, where the current energy rating was D, and the potential energy rating was B.

2 PENNYGATE DRIVE Sold Prices

Land registry data shows four sales for 2 PENNYGATE DRIVE 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 PENNYGATE 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
2022 29 APR	£400,000	£415,075	4% below HPI
2019 29 APR	£199,950	£339,832	41% below HPI
2016 7 OCT	£162,500	£324,487	50% below HPI
2001 19 SEP	£84,950	£139,852	39% below HPI

2 PENNYGATE 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 four 2 PENNYGATE DRIVE sales between September 2001 and April 2022 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 April 2019 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the April 2022 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is 2 PENNYGATE DRIVE?

2 PENNYGATE DRIVE is 59m² according to the EPC inspection conducted in August 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 PENNYGATE DRIVE lies on this distribution: 4% of detached houses are smaller than 2 PENNYGATE DRIVE, and 94% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

2 PENNYGATE DRIVE: Plot and Title Map

2 PENNYGATE DRIVE sits on a plot of roughly 0.127 of an acre, or 513m². The below map shows the location of 2 PENNYGATE 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 PENNYGATE 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 PENNYGATE DRIVE?

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