5, SAFFRON SQUARE, LOWESTOFT, NR33 7DZ - £153,000

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 SAFFRON SQUARE is a very small detached house of 69m², built sometime between 1967 and 1975. It was last sold for £153,000 in May 2014, which was around 43% below the average May 2014 detached price in the East Suffolk local authority area. The most recent EPC inspection was March 2013, where the current energy rating was D, and the potential energy rating was B.

5 SAFFRON SQUARE Sold Prices

Land registry data shows two sales for 5 SAFFRON SQUARE 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 SAFFRON SQUARE 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
2014 30 MAY	£153,000	£270,205	43% below HPI
2008 15 AUG	£158,000	£250,776	37% below HPI

5 SAFFRON SQUARE 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 SAFFRON SQUARE sales from August 2008 and May 2014 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 2008 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the May 2014 sale, where it falls to 43% below the HPI. The line then continues to track at 43% below the HPI.

How Large is 5 SAFFRON SQUARE?

5 SAFFRON SQUARE is 69m² according to the EPC inspection conducted in March 2013. 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 SAFFRON SQUARE lies on this distribution: 15% of detached houses are smaller than 5 SAFFRON SQUARE, and 83% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

5 SAFFRON SQUARE: Plot and Title Map

5 SAFFRON SQUARE sits on a plot of roughly 0.114 of an acre, or 460m². The below map shows the location of 5 SAFFRON SQUARE, 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 SAFFRON SQUARE). 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 SAFFRON SQUARE?

5 SAFFRON SQUARE is located in LOWESTOFT, in the NR33 postcode district. The below map shows the position of No. 5 on SAFFRON SQUARE.