40, GORLESTON ROAD, LOWESTOFT, NR32 3AQ - £251,000

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

40 GORLESTON ROAD is a small extended detached house of 80m², built sometime between 1950 and 1966. It was last sold for £251,000 in December 2020, which was around 34% below the average December 2020 detached price in the East Suffolk local authority area. The most recent EPC inspection was January 2020, where the current energy rating was D, and the potential energy rating was B.

40 GORLESTON ROAD Sold Prices

Land registry data shows two sales for 40 GORLESTON ROAD 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 40 GORLESTON ROAD 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
2020 14 DEC	£251,000	£380,784	34% below HPI
2002 6 DEC	£135,000	£175,252	23% below HPI

40 GORLESTON ROAD 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 40 GORLESTON ROAD sales from December 2002 and December 2020 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 2002 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the December 2020 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 40 GORLESTON ROAD?

40 GORLESTON ROAD is 80m², which includes one extension, according to the EPC inspection conducted in January 2020. 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 40 GORLESTON ROAD lies on this distribution: 30% of detached houses are smaller than 40 GORLESTON ROAD, and 69% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

40 GORLESTON ROAD: Plot and Title Map

40 GORLESTON ROAD sits on a plot of roughly 0.143 of an acre, or 578m². The below map shows the location of 40 GORLESTON ROAD, 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 40 GORLESTON ROAD). 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 40 GORLESTON ROAD?

40 GORLESTON ROAD is located in LOWESTOFT, in the NR32 postcode district. The below map shows the position of No. 40 on GORLESTON ROAD.