53, LAKELAND DRIVE, LOWESTOFT, NR32 2QS - £500,000

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

53 LAKELAND DRIVE is a very large extended detached house of 159m², built sometime between 1991 and 1995. It was last sold for £500,000 in November 2020, which was around 32% above the average November 2020 detached price in the East Suffolk local authority area. The most recent EPC inspection was February 2020, where the current energy rating was C, and the potential energy rating was B.

53 LAKELAND DRIVE Sold Prices

Land registry data shows two sales for 53 LAKELAND 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. Both of the two 53 LAKELAND DRIVE sales 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
2020 27 NOV	£500,000	£379,967	32% above HPI
1995 27 JAN	£112,000	£76,074	47% above HPI

53 LAKELAND 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 53 LAKELAND DRIVE sales from January 1995 and November 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 January 1995 sale was for 47% above the HPI. So the extrapolation line tracks at 47% above the HPI over time, until the November 2020 sale, where it falls to 32% above the HPI. The line then continues to track at 32% above the HPI.

How Large is 53 LAKELAND DRIVE?

53 LAKELAND DRIVE is 159m², which includes one extension, according to the EPC inspection conducted in February 2020. This puts it in the largest 10% of detached houses in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses by size in Lowestoft, and where 53 LAKELAND DRIVE lies on this distribution: 90% of detached houses are smaller than 53 LAKELAND DRIVE, and 9% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

53 LAKELAND DRIVE: Plot and Title Map

53 LAKELAND DRIVE sits on a plot of roughly 0.657 of an acre, or 2,660m². The below map shows the location of 53 LAKELAND 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 53 LAKELAND 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 53 LAKELAND DRIVE?

53 LAKELAND DRIVE is located in LOWESTOFT, in the NR32 postcode district. The below map shows the position of No. 53 on LAKELAND DRIVE.