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

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

3 PENNY LANE is a midsized extended detached house of 91m², built sometime between 1976 and 1982, which could now be worth an estimated £266,906. 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	£291,660	37% below HPI
1997 19 DEC	£65,000	£84,692	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.

What might 3 PENNY LANE be worth now?

3 PENNY LANE might now be worth an estimated £266,906.

This is based on house price inflation of 44.3%, between May 2015 and July 2025, 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 44.3% inflationary increase is applied to the most recent sale price for 3 PENNY LANE of £185,000 on 8th May 2015. For the value to have increased from £185,000 to £266,906 over the nine years and ten months to July 2025, the following assumptions must hold true:

• The value of 3 PENNY LANE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The May 2015 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 3 PENNY LANE has not materially changed since May 2015.

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 houses in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lowestoft, and where 3 PENNY LANE lies on this distribution: 43% of detached houses 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.