HILL CREST, BURTON STREET, LOWESTOFT, NR32 1TR - £245,000

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

HILL CREST is a very large extended detached house of 183m², built sometime between 1900 and 1929. It was last sold for £245,000 in October 2018, which was around 32% below the average October 2018 detached price in the East Suffolk local authority area. The most recent EPC inspection was June 2012, where the current energy rating was D, and the potential energy rating was C.

HILL CREST Sold Prices

Land registry data shows three sales for HILL CREST 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 HILL CREST 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
2018 26 OCT	£245,000	£358,712	32% below HPI
2015 11 JUN	£245,000	£296,524	17% below HPI
2005 18 AUG	£159,000	£225,749	30% below HPI

HILL CREST 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 HILL CREST sales between August 2005 and October 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 June 2015 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the October 2018 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is HILL CREST?

HILL CREST is 183m², which includes two extensions, according to the EPC inspection conducted in June 2012. This puts it in the largest 10% of detached houses in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses by size in Lowestoft, and where HILL CREST lies on this distribution: 95% of detached houses are smaller than HILL CREST, and 5% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

HILL CREST: Plot and Title Map

HILL CREST sits on a plot of roughly 0.086 of an acre, or 347m². The below map shows the location of HILL CREST, 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 HILL CREST). 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 HILL CREST?

HILL CREST is located on BURTON STREET in LOWESTOFT, in the NR32 postcode district. The below map shows the position of HILL CREST on BURTON STREET.