MILLFRA, HUBBARDS LOKE, LOWESTOFT, NR32 4LB - £200,000

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.

MILLFRA is a very large extended detached house of 153m², built sometime between 1967 and 1975, which could now be worth an estimated £330,285. It was last sold for £200,000 in July 2013, which was around 22% below the average July 2013 detached price in the East Suffolk local authority area. The most recent EPC inspection was May 2011, where the current energy rating was D, and the potential energy rating was D.

MILLFRA Sold Prices

Land registry data shows three sales for MILLFRA 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 MILLFRA 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
2013 26 JUL	£200,000	£256,170	22% below HPI
2007 23 OCT	£153,832	£269,205	43% below HPI
2006 29 SEP	£155,000	£237,073	35% below HPI

MILLFRA 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 MILLFRA sales between September 2006 and July 2013 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 October 2007 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the July 2013 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might MILLFRA be worth now?

MILLFRA might now be worth an estimated £330,285.

This is based on house price inflation of 65.1%, between July 2013 and February 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 65.1% inflationary increase is applied to the most recent sale price for MILLFRA of £200,000 on 26th July 2013. For the value to have increased from £200,000 to £330,285 over the twelve years and five months to February 2025, the following assumptions must hold true:

• The value of MILLFRA has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The July 2013 sale price of £200,000 represented a fair market value for the property.
• The size, condition, and specification of MILLFRA has not materially changed since July 2013.

How Large is MILLFRA?

MILLFRA is 153m², which includes one extension, according to the EPC inspection conducted in May 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 MILLFRA lies on this distribution: 89% of detached houses houses are smaller than MILLFRA, and 11% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

MILLFRA: Plot and Title Map

MILLFRA sits on a plot of roughly 0.130 of an acre, or 525m². The below map shows the location of MILLFRA, 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 MILLFRA). 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 MILLFRA?

MILLFRA is located on HUBBARDS LOKE in LOWESTOFT, in the NR32 postcode district. The below map shows the position of MILLFRA on HUBBARDS LOKE.