MERE HOUSE, BROADVIEW ROAD, LOWESTOFT, NR32 3PL - £495,000

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

MERE HOUSE is a very large semi-detached house of 242m², built sometime between 1900 and 1929. It was last sold for £495,000 in September 2009, which was around 112% above the average September 2009 detached price in the East Suffolk local authority area. The most recent EPC inspection was June 2018, where the current energy rating was E, and the potential energy rating was B.

MERE HOUSE Sold Prices

Land registry data shows five sales for MERE HOUSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. All of the five MERE HOUSE sales were 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
2009 14 SEP	£495,000	£233,791	112% above HPI
2006 4 AUG	£610,000	£235,518	159% above HPI
2001 7 SEP	£330,000	£139,852	136% above HPI
1999 30 SEP	£285,000	£100,856	183% above HPI
1995 27 SEP	£225,000	£73,256	207% above HPI

MERE HOUSE 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 five MERE HOUSE sales between September 1995 and September 2009 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 August 2006 sale was for 159% above the HPI. So the extrapolation line tracks at 159% above the HPI over time, until the September 2009 sale, where it falls to 112% above the HPI. The line then continues to track at 112% above the HPI.

How Large is MERE HOUSE?

MERE HOUSE is 242m² according to the EPC inspection conducted in June 2018. 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 MERE HOUSE lies on this distribution: 98% of detached houses are smaller than MERE HOUSE, and 2% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

MERE HOUSE: Plot and Title Map

MERE HOUSE sits on a plot of roughly 0.337 of an acre, or 1,363m². The below map shows the location of MERE HOUSE, 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 MERE HOUSE). 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 MERE HOUSE?

MERE HOUSE is located on BROADVIEW ROAD in LOWESTOFT, in the NR32 postcode district. The below map shows the position of MERE HOUSE on BROADVIEW ROAD.