5, MURILLO DRIVE, LOWESTOFT, NR32 4QH - £360,000

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 MURILLO DRIVE is a very large extended detached house of 137m², built sometime between 1976 and 1982. It was last sold for £360,000 in December 2023, which was around 15% below the average December 2023 detached price in the East Suffolk local authority area. The most recent EPC inspection was May 2022, where the current energy rating was D, and the potential energy rating was C.

5 MURILLO DRIVE Sold Prices

Land registry data shows four sales for 5 MURILLO 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. two of the four 5 MURILLO DRIVE sales were for below the average price, and four were 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
2023 19 DEC	£360,000	£422,815	15% below HPI
2015 9 OCT	£200,000	£302,168	34% below HPI
2002 14 NOV	£180,000	£176,508	2% above HPI
1997 1 AUG	£91,000	£83,677	9% above HPI

5 MURILLO 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 5 MURILLO DRIVE sales between August 1997 and December 2023 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 October 2015 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the December 2023 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 5 MURILLO DRIVE?

5 MURILLO DRIVE is 137m², which includes two extensions, according to the EPC inspection conducted in May 2022. This puts it in the largest 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 MURILLO DRIVE lies on this distribution: 83% of detached houses are smaller than 5 MURILLO DRIVE, and 17% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

5 MURILLO DRIVE: Plot and Title Map

5 MURILLO DRIVE sits on a plot of roughly 0.150 of an acre, or 607m². The below map shows the location of 5 MURILLO 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 MURILLO 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 MURILLO DRIVE?

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