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

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.

NORTHLEA is a very large extended detached house of 158m², built sometime between 1976 and 1982, which could now be worth an estimated £374,254. 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	£380,026	11% below HPI
2004 17 FEB	£247,500	£201,209	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.

What might NORTHLEA be worth now?

NORTHLEA might now be worth an estimated £374,254.

This is based on house price inflation of 10.7%, between November 2020 and July 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 10.7% inflationary increase is applied to the most recent sale price for NORTHLEA of £338,000 on 30th November 2020. For the value to have increased from £338,000 to £374,254 over the five years and four months to July 2025, the following assumptions must hold true:

• The value of NORTHLEA has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The November 2020 sale price of £338,000 represented a fair market value for the property.
• The size, condition, and specification of NORTHLEA has not materially changed since November 2020.

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 houses in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lowestoft, and where NORTHLEA lies on this distribution: 90% of detached houses 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.