2, SHARON DRIVE, LOWESTOFT, NR32 4EE - £175,000

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 SHARON DRIVE is a very small detached house of 66m², built sometime between 1950 and 1966. It was last sold for £175,000 in October 2007, which was around 35% below the average October 2007 detached price in the East Suffolk local authority area. The most recent EPC inspection was May 2017, where the current energy rating was D, and the potential energy rating was B.

2 SHARON DRIVE Sold Prices

Land registry data shows two sales for 2 SHARON 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 SHARON 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
2007 12 OCT	£175,000	£269,163	35% below HPI
1996 27 MAY	£44,500	£74,229	40% below HPI

2 SHARON 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 SHARON DRIVE sales from May 1996 and October 2007 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 May 1996 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the October 2007 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 2 SHARON DRIVE?

2 SHARON DRIVE is 66m² according to the EPC inspection conducted in May 2017. This puts it in the smallest 20% 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 SHARON DRIVE lies on this distribution: 12% of detached houses are smaller than 2 SHARON DRIVE, and 87% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

2 SHARON DRIVE: Plot and Title Map

2 SHARON DRIVE sits on a plot of roughly 0.118 of an acre, or 478m². The below map shows the location of 2 SHARON 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 SHARON 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 SHARON DRIVE?

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