9, FARRER DRIVE, LOWESTOFT, NR32 3BF - £320,000

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.

9 FARRER DRIVE is a small detached house of 74m², which could now be worth an estimated £312,639. It was last sold for £320,000 in September 2024, which was around 26% below the average September 2024 detached price in the East Suffolk local authority area. The most recent EPC inspection was October 2019, where the current energy rating was B, and the potential energy rating was A.

9 FARRER DRIVE Sold Prices

Land registry data shows two sales for 9 FARRER 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 9 FARRER 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
2024 20 SEP	£320,000	£433,007	26% below HPI
2019 15 NOV	£260,000	£352,150	26% below HPI

9 FARRER 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 9 FARRER DRIVE sales from November 2019 and September 2024 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 November 2019 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the September 2024 sale, which was also at 26% below the HPI.

What might 9 FARRER DRIVE be worth now?

9 FARRER DRIVE might now be worth an estimated £312,639.

This is based on house price deflation of 2.3%, between September 2024 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 2.3% deflationary decrease is applied to the most recent sale price for 9 FARRER DRIVE of £320,000 on 20th September 2024. For the value to have decreased from £320,000 to £312,639 over the one year and seven months to February 2025, the following assumptions must hold true:

• The value of 9 FARRER DRIVE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The September 2024 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of 9 FARRER DRIVE has not materially changed since September 2024.

How Large is 9 FARRER DRIVE?

9 FARRER DRIVE is 74m² according to the EPC inspection conducted in October 2019. This puts it in the smallest 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 9 FARRER DRIVE lies on this distribution: 22% of detached houses houses are smaller than 9 FARRER DRIVE, and 77% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

9 FARRER DRIVE: Plot and Title Map

9 FARRER DRIVE sits on a plot of roughly 0.073 of an acre, or 294m². The below map shows the location of 9 FARRER 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 9 FARRER 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 9 FARRER DRIVE?

9 FARRER DRIVE is located in LOWESTOFT, in the NR32 postcode district. The below map shows the position of No. 9 on FARRER DRIVE.