NORTHLEA, GUNTON AVENUE, LOWESTOFT, NR32 5DA - £338,000

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

NORTHLEA is a very large extended detached house of 158m², built sometime between 1976 and 1982. It was last sold for £338,000 in November 2020, which was around 11% below the average November 2020 detached price in the East Suffolk local authority area. The most recent EPC inspection was August 2020, where the current energy rating was E, and the potential energy rating was C.

NORTHLEA Sold Prices

Land registry data shows two sales for NORTHLEA since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. One of the two NORTHLEA sales was for below the average price, whilst the other was 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
2020 30 NOV	£338,000	£379,967	11% below HPI
2004 17 FEB	£247,500	£201,178	23% above HPI

NORTHLEA 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 two NORTHLEA sales from February 2004 and November 2020 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 February 2004 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the November 2020 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is NORTHLEA?

NORTHLEA is 158m², which includes one extension, according to the EPC inspection conducted in August 2020. 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 NORTHLEA lies on this distribution: 90% of detached houses are smaller than NORTHLEA, and 10% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

NORTHLEA: Plot and Title Map

NORTHLEA sits on a plot of roughly 0.146 of an acre, or 592m². The below map shows the location of NORTHLEA, 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 NORTHLEA). 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 NORTHLEA?

NORTHLEA is located on GUNTON AVENUE in LOWESTOFT, in the NR32 postcode district. The below map shows the position of NORTHLEA on GUNTON AVENUE.