3, PENNY LANE, OULTON, LOWESTOFT, NR32 3HE - £185,000

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

3 PENNY LANE is a midsized extended detached house of 91m², built sometime between 1976 and 1982. It was last sold for £185,000 in May 2015, which was around 37% below the average May 2015 detached price in the East Suffolk local authority area. The most recent EPC inspection was August 2014, where the current energy rating was C, and the potential energy rating was B.

3 PENNY LANE Sold Prices

Land registry data shows two sales for 3 PENNY LANE 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 3 PENNY LANE 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
2015 8 MAY	£185,000	£291,615	37% below HPI
1997 19 DEC	£65,000	£84,679	23% below HPI

3 PENNY LANE 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 3 PENNY LANE sales from December 1997 and May 2015 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 1997 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the May 2015 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is 3 PENNY LANE?

3 PENNY LANE is 91m², which includes one extension, according to the EPC inspection conducted in August 2014. This puts it in the smallest 50% of detached houses in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses by size in Lowestoft, and where 3 PENNY LANE lies on this distribution: 43% of detached houses are smaller than 3 PENNY LANE, and 55% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

3 PENNY LANE: Plot and Title Map

3 PENNY LANE sits on a plot of roughly 0.093 of an acre, or 375m². The below map shows the location of 3 PENNY LANE, 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 3 PENNY LANE). 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 3 PENNY LANE?

3 PENNY LANE is located in OULTON, in the NR32 postcode district. The below map shows the position of No. 3 on PENNY LANE.