54, LAKELAND DRIVE, LOWESTOFT, NR32 2QT - £570,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

54 LAKELAND DRIVE is a large detached house of 122m², built sometime between 1983 and 1990, which could now be worth an estimated £555,937. It was last sold for £570,000 in July 2022, which was around 31% above the average July 2022 detached price in the East Suffolk local authority area. The most recent EPC inspection was February 2022, where the current energy rating was C, and the potential energy rating was B.

54 LAKELAND DRIVE Sold Prices

Land registry data shows three sales for 54 LAKELAND DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. Two of the three 54 LAKELAND DRIVE sales were for above the average price, whilst one was 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
2022 22 JUL	£570,000	£433,747	31% above HPI
2011 27 JUN	£235,000	£253,529	7% below HPI
1999 27 AUG	£118,000	£99,747	18% above HPI

54 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 three 54 LAKELAND DRIVE sales between August 1999 and July 2022 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 June 2011 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the July 2022 sale, where it rises to 31% above the HPI. The line then continues to track at 31% above the HPI.

What might 54 LAKELAND DRIVE be worth now?

54 LAKELAND DRIVE might now be worth an estimated £555,937.

This is based on house price deflation of 2.5%, between July 2022 and February 2025, for detached houses, in the East Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.5% deflationary decrease is applied to the most recent sale price for 54 LAKELAND DRIVE of £570,000 on 22nd July 2022. For the value to have decreased from £570,000 to £555,937 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of 54 LAKELAND DRIVE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The July 2022 sale price of £570,000 represented a fair market value for the property.
• The size, condition, and specification of 54 LAKELAND DRIVE has not materially changed since July 2022.

How Large is 54 LAKELAND DRIVE?

54 LAKELAND DRIVE is 122m² according to the EPC inspection conducted in February 2022. This puts it in the largest 30% of detached houses houses in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lowestoft, and where 54 LAKELAND DRIVE lies on this distribution: 73% of detached houses houses are smaller than 54 LAKELAND DRIVE, and 26% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

54 LAKELAND DRIVE: Plot and Title Map

54 LAKELAND DRIVE sits on a plot of roughly 0.221 of an acre, or 893m². The below map shows the location of 54 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 54 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 54 LAKELAND DRIVE?

54 LAKELAND DRIVE is located in LOWESTOFT, in the NR32 postcode district. The below map shows the position of No. 54 on LAKELAND DRIVE.