22, ORWELL DRIVE, LOWESTOFT, NR32 4SL - £305,000

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

22 ORWELL DRIVE is a small extended detached house of 87m², built sometime between 1967 and 1975. It was last sold for £305,000 in December 2022, which was around 31% below the average December 2022 detached price in the East Suffolk local authority area. The most recent EPC inspection was September 2022, where the current energy rating was D, and the potential energy rating was B.

22 ORWELL DRIVE Sold Prices

Land registry data shows two sales for 22 ORWELL 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 22 ORWELL 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
2022 16 DEC	£305,000	£441,323	31% below HPI
2005 26 AUG	£147,000	£225,749	35% below HPI

22 ORWELL 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 22 ORWELL DRIVE sales from August 2005 and December 2022 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 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the December 2022 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 22 ORWELL DRIVE?

22 ORWELL DRIVE is 87m², which includes one extension, according to the EPC inspection conducted in September 2022. This puts it in the smallest 40% of detached houses in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses by size in Lowestoft, and where 22 ORWELL DRIVE lies on this distribution: 39% of detached houses are smaller than 22 ORWELL DRIVE, and 60% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

22 ORWELL DRIVE: Plot and Title Map

22 ORWELL DRIVE sits on a plot of roughly 0.112 of an acre, or 455m². The below map shows the location of 22 ORWELL 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 22 ORWELL 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 22 ORWELL DRIVE?

22 ORWELL DRIVE is located in LOWESTOFT, in the NR32 postcode district. The below map shows the position of No. 22 on ORWELL DRIVE.