23, SNAPE DRIVE, LOWESTOFT, NR32 4SF - £255,000

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

23 SNAPE DRIVE is a very large extended detached house of 150m², built sometime between 1967 and 1975. It was last sold for £255,000 in March 2020, which was around 27% below the average March 2020 detached price in the East Suffolk local authority area. The most recent EPC inspection was September 2015, where the current energy rating was D, and the potential energy rating was C.

23 SNAPE DRIVE Sold Prices

Land registry data shows two sales for 23 SNAPE 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 23 SNAPE 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
2020 17 MAR	£255,000	£347,467	27% below HPI
2016 19 JAN	£225,000	£305,160	26% below HPI

23 SNAPE 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 23 SNAPE DRIVE sales from January 2016 and March 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 January 2016 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the March 2020 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 23 SNAPE DRIVE?

23 SNAPE DRIVE is 150m², which includes two extensions, according to the EPC inspection conducted in September 2015. This puts it in the largest 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 23 SNAPE DRIVE lies on this distribution: 88% of detached houses are smaller than 23 SNAPE DRIVE, and 12% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

23 SNAPE DRIVE: Plot and Title Map

23 SNAPE DRIVE sits on a plot of roughly 0.118 of an acre, or 477m². The below map shows the location of 23 SNAPE 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 23 SNAPE 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 23 SNAPE DRIVE?

23 SNAPE DRIVE is located in LOWESTOFT, in the NR32 postcode district. The below map shows the position of No. 23 on SNAPE DRIVE.