24, MENDIP ROAD, OULTON, LOWESTOFT, NR32 3HJ - £118,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

24 MENDIP ROAD is a very small detached house of 70m², built sometime between 1967 and 1975, which could now be worth an estimated £194,230. It was last sold for £118,000 in September 2011, which was around 53% below the average September 2011 detached price in the East Suffolk local authority area. The most recent EPC inspection was February 2009, where the current energy rating was C, and the potential energy rating was C.

24 MENDIP ROAD Sold Prices

Land registry data shows two sales for 24 MENDIP ROAD 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 24 MENDIP ROAD 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
2011 8 SEP	£118,000	£250,840	53% below HPI
2002 4 MAR	£76,000	£144,145	47% below HPI

24 MENDIP 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 two 24 MENDIP ROAD sales from March 2002 and September 2011 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 March 2002 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the September 2011 sale, where it falls to 53% below the HPI. The line then continues to track at 53% below the HPI.

What might 24 MENDIP ROAD be worth now?

24 MENDIP ROAD might now be worth an estimated £194,230.

This is based on house price inflation of 64.6%, between September 2011 and December 2024, 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 64.6% inflationary increase is applied to the most recent sale price for 24 MENDIP ROAD of £118,000 on 8th September 2011. For the value to have increased from £118,000 to £194,230 over the twelve years and nine months to December 2024, the following assumptions must hold true:

• The value of 24 MENDIP ROAD has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The September 2011 sale price of £118,000 represented a fair market value for the property.
• The size, condition, and specification of 24 MENDIP ROAD has not materially changed since September 2011.

How Large is 24 MENDIP ROAD?

24 MENDIP ROAD is 70m² according to the EPC inspection conducted in February 2009. This puts it in the smallest 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 24 MENDIP ROAD lies on this distribution: 18% of detached houses houses are smaller than 24 MENDIP ROAD, and 82% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

24 MENDIP ROAD: Plot and Title Map

24 MENDIP ROAD sits on a plot of roughly 0.076 of an acre, or 308m². The below map shows the location of 24 MENDIP 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 24 MENDIP 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 24 MENDIP ROAD?

24 MENDIP ROAD is located in OULTON, in the NR32 postcode district. The below map shows the position of No. 24 on MENDIP ROAD.