2, ROMAN ROAD, LOWESTOFT, NR32 2DG - £89,995

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 ROMAN ROAD is a very small extended detached house of 47m², built sometime between 1900 and 1929. It was last sold for £89,995 in September 2016, which was around 72% below the average September 2016 detached price in the East Suffolk local authority area. The most recent EPC inspection was September 2014, where the current energy rating was E, and the potential energy rating was B.

2 ROMAN ROAD Sold Prices

Land registry data shows four sales for 2 ROMAN 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 ROMAN 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
2016 16 SEP	£89,995	£322,227	72% below HPI
2014 14 MAR	£71,500	£259,107	72% below HPI
2003 1 AUG	£46,000	£190,047	76% below HPI
2002 8 NOV	£44,500	£176,508	75% below HPI

2 ROMAN 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 ROMAN ROAD sales between November 2002 and September 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 March 2014 sale was for 72% below the HPI. So the extrapolation line tracks at 72% below the HPI over time, until the September 2016 sale, which was also at 72% below the HPI.

How Large is 2 ROMAN ROAD?

2 ROMAN ROAD is 47m², which includes one extension, according to the EPC inspection conducted in September 2014. 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 ROMAN ROAD lies on this distribution: Less than 1% of detached houses are smaller than 2 ROMAN ROAD, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

2 ROMAN ROAD: Plot and Title Map

2 ROMAN ROAD sits on a plot of roughly 0.010 of an acre, or 41m². The below map shows the location of 2 ROMAN 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 ROMAN 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 ROMAN ROAD?

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