224, OULTON ROAD, LOWESTOFT, NR32 4GZ - £360,000

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

224 OULTON ROAD is a large extended detached house of 113m², built sometime between 1991 and 1995. It was last sold for £360,000 in August 2023, which was around 16% below the average August 2023 detached price in the East Suffolk local authority area. The most recent EPC inspection was April 2023, where the current energy rating was D, and the potential energy rating was C.

224 OULTON ROAD Sold Prices

Land registry data shows three sales for 224 OULTON ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. Two of the three 224 OULTON ROAD sales were for below the average price, whilst one 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
2023 4 AUG	£360,000	£426,969	16% below HPI
2003 26 SEP	£225,000	£194,583	16% above HPI
2000 30 NOV	£41,700	£118,522	65% below HPI

224 OULTON 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 three 224 OULTON ROAD sales between November 2000 and August 2023 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 September 2003 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the August 2023 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 224 OULTON ROAD?

224 OULTON ROAD is 113m², which includes two extensions, according to the EPC inspection conducted in April 2023. This puts it in the largest 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 224 OULTON ROAD lies on this distribution: 67% of detached houses are smaller than 224 OULTON ROAD, and 33% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

224 OULTON ROAD: Plot and Title Map

224 OULTON ROAD sits on a plot of roughly 0.147 of an acre, or 596m². The below map shows the location of 224 OULTON 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 224 OULTON 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 224 OULTON ROAD?

224 OULTON ROAD is located in LOWESTOFT, in the NR32 postcode district. The below map shows the position of No. 224 on OULTON ROAD.