THE GROVE, CHRISTMAS LANE, LOWESTOFT, NR32 3JX - £248,750

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

THE GROVE is a very large extended detached house of 251m², built sometime between 1950 and 1966. It was last sold for £248,750 in May 2002, which was around 62% above the average May 2002 detached price in the East Suffolk local authority area. The most recent EPC inspection was December 2017, where the current energy rating was D, and the potential energy rating was C.

THE GROVE Sold Prices

Land registry data shows two sales for THE GROVE 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. Both of the two THE GROVE 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
2002 8 MAY	£248,750	£153,113	62% above HPI
1999 13 AUG	£168,500	£99,731	69% above HPI

THE GROVE 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 THE GROVE sales from August 1999 and May 2002 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 1999 sale was for 69% above the HPI. So the extrapolation line tracks at 69% above the HPI over time, until the May 2002 sale, where it falls to 62% above the HPI. The line then continues to track at 62% above the HPI.

How Large is THE GROVE?

THE GROVE is 251m², which includes two extensions, according to the EPC inspection conducted in December 2017. 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 THE GROVE lies on this distribution: 99% of detached houses are smaller than THE GROVE, and 1% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

THE GROVE: Plot and Title Map

THE GROVE sits on a plot of roughly 0.723 of an acre, or 2,927m². The below map shows the location of THE GROVE, 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 THE GROVE). 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 THE GROVE?

THE GROVE is located on CHRISTMAS LANE in LOWESTOFT, in the NR32 postcode district. The below map shows the position of THE GROVE on CHRISTMAS LANE.