4, PENNYGATE DRIVE, LOWESTOFT, NR33 9HL - £250,000

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 PENNYGATE DRIVE is a small extended detached house of 75m², built sometime between 1967 and 1975. It was last sold for £250,000 in July 2021, which was around 33% below the average July 2021 detached price in the East Suffolk local authority area. The most recent EPC inspection was June 2015, where the current energy rating was C, and the potential energy rating was B.

4 PENNYGATE DRIVE Sold Prices

Land registry data shows four sales for 4 PENNYGATE DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. All of the four 4 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 30 JUL	£250,000	£372,923	33% below HPI
2018 3 DEC	£259,950	£358,627	28% below HPI
2015 18 SEP	£193,000	£301,956	36% below HPI
2003 20 MAY	£114,995	£184,148	38% below HPI

4 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 four 4 PENNYGATE DRIVE sales between May 2003 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 December 2018 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the July 2021 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 4 PENNYGATE DRIVE?

4 PENNYGATE DRIVE is 75m², which includes two extensions, according to the EPC inspection conducted in June 2015. This puts it in the smallest 30% 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 PENNYGATE DRIVE lies on this distribution: 23% of detached houses are smaller than 4 PENNYGATE DRIVE, and 76% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

4 PENNYGATE DRIVE: Plot and Title Map

4 PENNYGATE DRIVE sits on a plot of roughly 0.132 of an acre, or 535m². The below map shows the location of 4 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 4 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 4 PENNYGATE DRIVE?

4 PENNYGATE DRIVE is located in LOWESTOFT, in the NR33 postcode district. The below map shows the position of No. 4 on PENNYGATE DRIVE.