53, ORFORD DRIVE, LOWESTOFT, NR32 3DJ - £238,000

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 ORFORD DRIVE is a very small detached house of 54m², built sometime between 1950 and 1966. It was last sold for £238,000 in August 2019, which was around 32% below the average August 2019 detached price in the East Suffolk local authority area. The most recent EPC inspection was December 2016, where the current energy rating was E, and the potential energy rating was B.

53 ORFORD DRIVE Sold Prices

Land registry data shows two sales for 53 ORFORD 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 ORFORD DRIVE 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
2019 1 AUG	£238,000	£350,133	32% below HPI
2017 9 MAR	£159,000	£328,526	52% below HPI

53 ORFORD 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 ORFORD DRIVE sales from March 2017 and August 2019 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 March 2017 sale was for 52% below the HPI. So the extrapolation line tracks at 52% below the HPI over time, until the August 2019 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 53 ORFORD DRIVE?

53 ORFORD DRIVE is 54m² according to the EPC inspection conducted in December 2016. This puts it in the smallest 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 ORFORD DRIVE lies on this distribution: 2% of detached houses are smaller than 53 ORFORD DRIVE, and 98% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

53 ORFORD DRIVE: Plot and Title Map

53 ORFORD DRIVE sits on a plot of roughly 0.086 of an acre, or 348m². The below map shows the location of 53 ORFORD 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 ORFORD 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 ORFORD DRIVE?

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