9, LAWRENCE DRIVE, LOWESTOFT, NR32 4LL - £234,000

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

9 LAWRENCE DRIVE is a small extended detached house of 83m², built sometime between 1976 and 1982. It was last sold for £234,000 in June 2020, which was around 34% below the average June 2020 detached price in the East Suffolk local authority area. The most recent EPC inspection was August 2019, where the current energy rating was D, and the potential energy rating was B.

9 LAWRENCE DRIVE Sold Prices

Land registry data shows two sales for 9 LAWRENCE 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 LAWRENCE 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
2020 5 JUN	£234,000	£352,260	34% below HPI
2001 14 SEP	£94,000	£139,852	33% below HPI

9 LAWRENCE 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 LAWRENCE DRIVE sales from September 2001 and June 2020 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 September 2001 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the June 2020 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 9 LAWRENCE DRIVE?

9 LAWRENCE DRIVE is 83m², which includes one extension, according to the EPC inspection conducted in August 2019. This puts it in the smallest 40% of detached houses in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses by size in Lowestoft, and where 9 LAWRENCE DRIVE lies on this distribution: 35% of detached houses are smaller than 9 LAWRENCE DRIVE, and 65% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

9 LAWRENCE DRIVE: Plot and Title Map

9 LAWRENCE DRIVE sits on a plot of roughly 0.068 of an acre, or 275m². The below map shows the location of 9 LAWRENCE 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 LAWRENCE 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 LAWRENCE DRIVE?

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