5, FERN AVENUE, LOWESTOFT, NR32 3JF - £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

5 FERN AVENUE is a very small extended detached house of 70m², built sometime between 1950 and 1966. It was last sold for £250,000 in February 2024, which was around 41% below the average February 2024 detached price in the East Suffolk local authority area. The most recent EPC inspection was April 2018, where the current energy rating was D, and the potential energy rating was B.

5 FERN AVENUE Sold Prices

Land registry data shows two sales for 5 FERN AVENUE 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 5 FERN AVENUE 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
2024 2 FEB	£250,000	£427,316	41% below HPI
2018 18 JUL	£174,950	£354,036	51% below HPI

5 FERN AVENUE 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 5 FERN AVENUE sales from July 2018 and February 2024 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 July 2018 sale was for 51% below the HPI. So the extrapolation line tracks at 51% below the HPI over time, until the February 2024 sale, where it rises to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is 5 FERN AVENUE?

5 FERN AVENUE is 70m², which includes one extension, according to the EPC inspection conducted in April 2018. This puts it in the smallest 20% of detached houses in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses by size in Lowestoft, and where 5 FERN AVENUE lies on this distribution: 17% of detached houses are smaller than 5 FERN AVENUE, and 82% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

5 FERN AVENUE: Plot and Title Map

5 FERN AVENUE sits on a plot of roughly 0.086 of an acre, or 346m². The below map shows the location of 5 FERN AVENUE, 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 5 FERN AVENUE). 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 5 FERN AVENUE?

5 FERN AVENUE is located in LOWESTOFT, in the NR32 postcode district. The below map shows the position of No. 5 on FERN AVENUE.