5, LEONARD DRIVE, LOWESTOFT, NR32 4WB - £300,000

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 LEONARD DRIVE is a large extended detached house of 117m², built sometime between 1996 and 2002. It was last sold for £300,000 in February 2021, which was around 20% below the average February 2021 detached price in the East Suffolk local authority area. The most recent EPC inspection was June 2020, where the current energy rating was D, and the potential energy rating was B.

5 LEONARD DRIVE Sold Prices

Land registry data shows two sales for 5 LEONARD 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. One of the two 5 LEONARD DRIVE sales was for below the average price, whilst the other was for above 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 26 FEB	£300,000	£373,390	20% below HPI
1998 21 AUG	£102,000	£88,631	15% above HPI

5 LEONARD 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 5 LEONARD DRIVE sales from August 1998 and February 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 August 1998 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the February 2021 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 5 LEONARD DRIVE?

5 LEONARD DRIVE is 117m², which includes one extension, according to the EPC inspection conducted in June 2020. This puts it in the largest 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 5 LEONARD DRIVE lies on this distribution: 70% of detached houses are smaller than 5 LEONARD DRIVE, and 29% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

5 LEONARD DRIVE: Plot and Title Map

5 LEONARD DRIVE sits on a plot of roughly 0.100 of an acre, or 406m². The below map shows the location of 5 LEONARD 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 5 LEONARD 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 5 LEONARD DRIVE?

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