2, THE PADDOCKS, WOODS LOKE EAST, LOWESTOFT, NR32 3DR - £365,000

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 THE PADDOCKS is a large detached house of 132m², which could now be worth an estimated £405,447. It was last sold for £365,000 in December 2020, which was around 4% below the average December 2020 detached price in the East Suffolk local authority area. The most recent EPC inspection was May 2015, where the current energy rating was B, and the potential energy rating was B.

2 THE PADDOCKS Sold Prices

Land registry data shows two sales for 2 THE PADDOCKS 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. One of the two 2 THE PADDOCKS sales was for below the average price, whilst the other was for above 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
2020 18 DEC	£365,000	£380,843	4% below HPI
2015 23 OCT	£327,500	£302,215	8% above HPI

2 THE PADDOCKS 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 PADDOCKS sales from October 2015 and December 2020 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 October 2015 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the December 2020 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 2 THE PADDOCKS be worth now?

2 THE PADDOCKS might now be worth an estimated £405,447.

This is based on house price inflation of 11.1%, between December 2020 and February 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 11.1% inflationary increase is applied to the most recent sale price for 2 THE PADDOCKS of £365,000 on 18th December 2020. For the value to have increased from £365,000 to £405,447 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of 2 THE PADDOCKS has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The December 2020 sale price of £365,000 represented a fair market value for the property.
• The size, condition, and specification of 2 THE PADDOCKS has not materially changed since December 2020.

How Large is 2 THE PADDOCKS?

2 THE PADDOCKS is 132m² according to the EPC inspection conducted in May 2015. This puts it in the largest 20% 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 THE PADDOCKS lies on this distribution: 80% of detached houses houses are smaller than 2 THE PADDOCKS, and 19% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

2 THE PADDOCKS: Plot and Title Map

2 THE PADDOCKS sits on a plot of roughly 0.116 of an acre, or 471m². The below map shows the location of 2 THE PADDOCKS, 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 PADDOCKS). 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 PADDOCKS?

2 THE PADDOCKS is located on WOODS LOKE EAST in LOWESTOFT, in the NR32 postcode district. The below map shows the position of 2 THE PADDOCKS on WOODS LOKE EAST.