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

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

54 LAKELAND DRIVE is a large detached house of 122m², built sometime between 1983 and 1990. 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	£433,680	31% above HPI
2011 27 JUN	£235,000	£253,490	7% below HPI
1999 27 AUG	£118,000	£99,731	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.

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 in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses by size in Lowestoft, and where 54 LAKELAND DRIVE lies on this distribution: 73% of detached 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.