FAIRHEAD FARM, FAIRHEAD LOKE, CARLTON COLVILLE, LOWESTOFT, NR33 8DD - £335,000

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.

FAIRHEAD FARM is a very large extended detached house of 140m², built sometime before 1900, which could now be worth an estimated £393,850. It was last sold for £335,000 in August 2018, which was around 6% below the average August 2018 detached price in the East Suffolk local authority area. The most recent EPC inspection was April 2011, where the current energy rating was F, and the potential energy rating was E.

FAIRHEAD FARM Sold Prices

Land registry data shows two sales for FAIRHEAD FARM 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. One of the two FAIRHEAD FARM sales was for below the average price, whilst the other was for above 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
2018 9 AUG	£335,000	£357,913	6% below HPI
2004 5 NOV	£245,000	£220,409	11% above HPI

FAIRHEAD FARM 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 FAIRHEAD FARM sales from November 2004 and August 2018 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 2004 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the August 2018 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might FAIRHEAD FARM be worth now?

FAIRHEAD FARM might now be worth an estimated £393,850.

This is based on house price inflation of 17.6%, between August 2018 and July 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 17.6% inflationary increase is applied to the most recent sale price for FAIRHEAD FARM of £335,000 on 9th August 2018. For the value to have increased from £335,000 to £393,850 over the seven years and one month to July 2025, the following assumptions must hold true:

• The value of FAIRHEAD FARM has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The August 2018 sale price of £335,000 represented a fair market value for the property.
• The size, condition, and specification of FAIRHEAD FARM has not materially changed since August 2018.

How Large is FAIRHEAD FARM?

FAIRHEAD FARM is 140m², which includes one extension, according to the EPC inspection conducted in April 2011. This puts it in the largest 20% 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 FAIRHEAD FARM lies on this distribution: 84% of detached houses houses are smaller than FAIRHEAD FARM, and 16% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

FAIRHEAD FARM: Plot and Title Map

FAIRHEAD FARM sits on a plot of roughly 0.151 of an acre, or 611m². The below map shows the location of FAIRHEAD FARM, 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 FAIRHEAD FARM). 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 FAIRHEAD FARM?

FAIRHEAD FARM is located on FAIRHEAD LOKE in CARLTON COLVILLE, in the NR33 postcode district. The below map shows the position of FAIRHEAD FARM on FAIRHEAD LOKE.