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

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

MILLFRA is a very large extended detached house of 153m², built sometime between 1967 and 1975. 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	£256,130	22% below HPI
2007 23 OCT	£153,832	£269,163	43% below HPI
2006 29 SEP	£155,000	£237,036	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.

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 in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses by size in Lowestoft, and where MILLFRA lies on this distribution: 89% of detached 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.