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

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.

MERE HOUSE is a very large semi-detached house of 242m², built sometime between 1900 and 1929, which could now be worth an estimated £890,762. It was last sold for £495,000 in September 2009, which was around 225% above the average September 2009 semi-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 semi-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	£152,075	225% above HPI
2006 4 AUG	£610,000	£154,905	294% above HPI
2001 7 SEP	£330,000	£83,427	296% above HPI
1999 30 SEP	£285,000	£61,224	366% above HPI
1995 27 SEP	£225,000	£46,194	387% above HPI

MERE HOUSE Price Paid vs. HPI Average

The below graph shows the average semi-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 294% above the HPI. So the extrapolation line tracks at 294% above the HPI over time, until the September 2009 sale, where it falls to 225% above the HPI. The line then continues to track at 225% above the HPI.

What might MERE HOUSE be worth now?

MERE HOUSE might now be worth an estimated £890,762.

This is based on house price inflation of 80%, between September 2009 and July 2025, for semi-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 80% inflationary increase is applied to the most recent sale price for MERE HOUSE of £495,000 on 14th September 2009. For the value to have increased from £495,000 to £890,762 over the sixteen years and two months to July 2025, the following assumptions must hold true:

• The value of MERE HOUSE has moved in line with the HPI for semi-detached houses in the East Suffolk local authority area.
• The September 2009 sale price of £495,000 represented a fair market value for the property.
• The size, condition, and specification of MERE HOUSE has not materially changed since September 2009.

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 semi-detached houses houses in Lowestoft, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Lowestoft, and where MERE HOUSE lies on this distribution: 98% of semi-detached houses 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.