4, ORWELL DRIVE, LOWESTOFT, NR32 4SL - £176,000

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

4 ORWELL DRIVE is a very small detached house of 64m², built sometime between 1950 and 1966. It was last sold for £176,000 in November 2017, which was around 49% below the average November 2017 detached price in the East Suffolk local authority area. The most recent EPC inspection was July 2017, where the current energy rating was E, and the potential energy rating was B.

4 ORWELL DRIVE Sold Prices

Land registry data shows two sales for 4 ORWELL DRIVE 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 4 ORWELL 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
2017 17 NOV	£176,000	£344,483	49% below HPI
2002 31 MAY	£94,000	£153,113	39% below HPI

4 ORWELL 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 two 4 ORWELL DRIVE sales from May 2002 and November 2017 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 May 2002 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the November 2017 sale, where it falls to 49% below the HPI. The line then continues to track at 49% below the HPI.

How Large is 4 ORWELL DRIVE?

4 ORWELL DRIVE is 64m² according to the EPC inspection conducted in July 2017. This puts it in the smallest 10% of detached houses in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses by size in Lowestoft, and where 4 ORWELL DRIVE lies on this distribution: 9% of detached houses are smaller than 4 ORWELL DRIVE, and 90% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

4 ORWELL DRIVE: Plot and Title Map

4 ORWELL DRIVE sits on a plot of roughly 0.074 of an acre, or 299m². The below map shows the location of 4 ORWELL 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 4 ORWELL 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 4 ORWELL DRIVE?

4 ORWELL DRIVE is located in LOWESTOFT, in the NR32 postcode district. The below map shows the position of No. 4 on ORWELL DRIVE.