2, POUND FARM DRIVE, LOWESTOFT, NR32 4RG - £120,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 POUND FARM DRIVE is a very small detached house of 59m², built sometime between 1950 and 1966, which could now be worth an estimated £200,421. It was last sold for £120,000 in August 2011, which was around 52% below the average August 2011 detached price in the East Suffolk local authority area. The most recent EPC inspection was April 2010, where the current energy rating was D, and the potential energy rating was C.

2 POUND FARM DRIVE Sold Prices

Land registry data shows two sales for 2 POUND FARM DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. Both of the two 2 POUND FARM 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 5 AUG	£120,000	£251,942	52% below HPI
2005 19 AUG	£132,000	£225,784	42% below HPI

2 POUND FARM 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 two 2 POUND FARM DRIVE sales from August 2005 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 August 2005 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the August 2011 sale, where it falls to 52% below the HPI. The line then continues to track at 52% below the HPI.

What might 2 POUND FARM DRIVE be worth now?

2 POUND FARM DRIVE might now be worth an estimated £200,421.

This is based on house price inflation of 67%, between August 2011 and July 2025, for detached houses, in the East Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 67% inflationary increase is applied to the most recent sale price for 2 POUND FARM DRIVE of £120,000 on 5th August 2011. For the value to have increased from £120,000 to £200,421 over the fourteen years and one month to July 2025, the following assumptions must hold true:

• The value of 2 POUND FARM DRIVE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The August 2011 sale price of £120,000 represented a fair market value for the property.
• The size, condition, and specification of 2 POUND FARM DRIVE has not materially changed since August 2011.

How Large is 2 POUND FARM DRIVE?

2 POUND FARM DRIVE is 59m² according to the EPC inspection conducted in April 2010. This puts it in the smallest 10% of detached houses houses in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lowestoft, and where 2 POUND FARM DRIVE lies on this distribution: 4% of detached houses houses are smaller than 2 POUND FARM DRIVE, and 96% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

2 POUND FARM DRIVE: Plot and Title Map

2 POUND FARM DRIVE sits on a plot of roughly 0.059 of an acre, or 240m². The below map shows the location of 2 POUND FARM 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 POUND FARM 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 POUND FARM DRIVE?

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