2, THE GLADES, LOWESTOFT, NR32 3LG - £299,950

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 THE GLADES is a very large extended detached house of 208m², built sometime between 1967 and 1975. It was last sold for £299,950 in August 2016, which was around 6% below the average August 2016 detached price in the East Suffolk local authority area. The most recent EPC inspection was October 2016, where the current energy rating was D, and the potential energy rating was C.

2 THE GLADES Sold Prices

Land registry data shows two sales for 2 THE GLADES 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 THE GLADES 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 17 AUG	£299,950	£320,108	6% below HPI
2007 19 JUN	£235,000	£245,338	4% below HPI

2 THE GLADES 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 THE GLADES sales from June 2007 and August 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 June 2007 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the August 2016 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is 2 THE GLADES?

2 THE GLADES is 208m², which includes three extensions, according to the EPC inspection conducted in October 2016. 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 THE GLADES lies on this distribution: 97% of detached houses are smaller than 2 THE GLADES, and 3% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

2 THE GLADES: Plot and Title Map

2 THE GLADES sits on a plot of roughly 0.112 of an acre, or 455m². The below map shows the location of 2 THE GLADES, 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 THE GLADES). 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 THE GLADES?

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