56, OULTON ROAD, LOWESTOFT, NR32 4QR - £233,000

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

56 OULTON ROAD is a very small detached house of 69m², built sometime between 1967 and 1975. It was last sold for £233,000 in April 2022, which was around 44% below the average April 2022 detached price in the East Suffolk local authority area. The most recent EPC inspection was May 2017, where the current energy rating was E, and the potential energy rating was C.

56 OULTON ROAD Sold Prices

Land registry data shows two sales for 56 OULTON ROAD 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 56 OULTON ROAD 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
2022 20 APR	£233,000	£415,075	44% below HPI
2017 5 OCT	£169,000	£345,681	51% below HPI

56 OULTON ROAD 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 56 OULTON ROAD sales from October 2017 and April 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 October 2017 sale was for 51% below the HPI. So the extrapolation line tracks at 51% below the HPI over time, until the April 2022 sale, where it rises to 44% below the HPI. The line then continues to track at 44% below the HPI.

How Large is 56 OULTON ROAD?

56 OULTON ROAD is 69m² according to the EPC inspection conducted in May 2017. 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 56 OULTON ROAD lies on this distribution: 15% of detached houses are smaller than 56 OULTON ROAD, and 83% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

56 OULTON ROAD: Plot and Title Map

56 OULTON ROAD sits on a plot of roughly 0.112 of an acre, or 451m². The below map shows the location of 56 OULTON ROAD, 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 56 OULTON ROAD). 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 56 OULTON ROAD?

56 OULTON ROAD is located in LOWESTOFT, in the NR32 postcode district. The below map shows the position of No. 56 on OULTON ROAD.