3, PENNYGATE DRIVE, LOWESTOFT, NR33 9HJ - £266,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

3 PENNYGATE DRIVE is a small detached house of 88m², built sometime between 1950 and 1966. It was last sold for £266,000 in July 2021, which was around 29% below the average July 2021 detached price in the East Suffolk local authority area. The most recent EPC inspection was October 2017, where the current energy rating was D, and the potential energy rating was B.

3 PENNYGATE DRIVE Sold Prices

Land registry data shows three sales for 3 PENNYGATE DRIVE 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 3 PENNYGATE 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
2021 19 JUL	£266,000	£372,923	29% below HPI
2010 17 SEP	£161,000	£261,384	38% below HPI
1996 12 SEP	£63,000	£74,696	16% below HPI

3 PENNYGATE 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 three 3 PENNYGATE DRIVE sales between September 1996 and July 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 September 2010 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the July 2021 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 3 PENNYGATE DRIVE?

3 PENNYGATE DRIVE is 88m² according to the EPC inspection conducted in October 2017. This puts it in the smallest 40% 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 PENNYGATE DRIVE lies on this distribution: 40% of detached houses are smaller than 3 PENNYGATE DRIVE, and 59% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

3 PENNYGATE DRIVE: Plot and Title Map

3 PENNYGATE DRIVE sits on a plot of roughly 0.129 of an acre, or 522m². The below map shows the location of 3 PENNYGATE 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 3 PENNYGATE 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 3 PENNYGATE DRIVE?

3 PENNYGATE DRIVE is located in LOWESTOFT, in the NR33 postcode district. The below map shows the position of No. 3 on PENNYGATE DRIVE.