28, THE FAIRWAY, LOWESTOFT, NR33 9JB - £257,000

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

28 THE FAIRWAY is a very small detached house of 70m², built sometime between 1967 and 1975. It was last sold for £257,000 in February 2021, which was around 31% below the average February 2021 detached price in the East Suffolk local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was B.

28 THE FAIRWAY Sold Prices

Land registry data shows three sales for 28 THE FAIRWAY 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. All of the three 28 THE FAIRWAY 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
2021 23 FEB	£257,000	£373,390	31% below HPI
2019 19 DEC	£186,000	£355,140	48% below HPI
2001 23 NOV	£87,995	£144,437	39% below HPI

28 THE FAIRWAY 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 28 THE FAIRWAY sales between November 2001 and February 2021 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 December 2019 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the February 2021 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 28 THE FAIRWAY?

28 THE FAIRWAY is 70m² according to the EPC inspection conducted in October 2014. This puts it in the smallest 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 28 THE FAIRWAY lies on this distribution: 17% of detached houses are smaller than 28 THE FAIRWAY, and 82% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

28 THE FAIRWAY: Plot and Title Map

28 THE FAIRWAY sits on a plot of roughly 0.117 of an acre, or 474m². The below map shows the location of 28 THE FAIRWAY, 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 28 THE FAIRWAY). 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 28 THE FAIRWAY?

28 THE FAIRWAY is located in LOWESTOFT, in the NR33 postcode district. The below map shows the position of No. 28 on THE FAIRWAY.