8, SUTHERLAND DRIVE, LOWESTOFT, NR32 4LP - £300,000

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

8 SUTHERLAND DRIVE is a very small detached house of 69m², built sometime between 1976 and 1982. It was last sold for £300,000 in May 2023, which was around 28% below the average May 2023 detached price in the East Suffolk local authority area. The most recent EPC inspection was August 2019, where the current energy rating was C, and the potential energy rating was B.

8 SUTHERLAND DRIVE Sold Prices

Land registry data shows three sales for 8 SUTHERLAND 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. All of the three 8 SUTHERLAND 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
2023 11 MAY	£300,000	£415,931	28% below HPI
2020 10 JAN	£240,000	£354,972	32% below HPI
2016 20 DEC	£175,000	£327,148	47% below HPI

8 SUTHERLAND 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 8 SUTHERLAND DRIVE sales between December 2016 and May 2023 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 2020 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the May 2023 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 8 SUTHERLAND DRIVE?

8 SUTHERLAND DRIVE is 69m² according to the EPC inspection conducted in August 2019. 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 8 SUTHERLAND DRIVE lies on this distribution: 15% of detached houses are smaller than 8 SUTHERLAND DRIVE, and 83% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

8 SUTHERLAND DRIVE: Plot and Title Map

8 SUTHERLAND DRIVE sits on a plot of roughly 0.143 of an acre, or 580m². The below map shows the location of 8 SUTHERLAND 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 8 SUTHERLAND 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 8 SUTHERLAND DRIVE?

8 SUTHERLAND DRIVE is located in LOWESTOFT, in the NR32 postcode district. The below map shows the position of No. 8 on SUTHERLAND DRIVE.