THE ORCHARDS, HUBBARDS LOKE, LOWESTOFT, NR32 4LB - £368,000

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

THE ORCHARDS is a very large extended detached house of 160m², built sometime between 1967 and 1975. It was last sold for £368,000 in January 2017, which was around 13% above the average January 2017 detached price in the East Suffolk local authority area. The most recent EPC inspection was April 2016, where the current energy rating was D, and the potential energy rating was C.

THE ORCHARDS Sold Prices

Land registry data shows two sales for THE ORCHARDS 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 ORCHARDS 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
2017 16 JAN	£368,000	£326,222	13% above HPI
1997 10 JAN	£96,000	£78,341	23% above HPI

THE ORCHARDS 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 ORCHARDS sales from January 1997 and January 2017 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 January 1997 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the January 2017 sale, where it falls to 13% above the HPI. The line then continues to track at 13% above the HPI.

How Large is THE ORCHARDS?

THE ORCHARDS is 160m², which includes one extension, according to the EPC inspection conducted in April 2016. 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 ORCHARDS lies on this distribution: 91% of detached houses are smaller than THE ORCHARDS, and 9% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

THE ORCHARDS: Plot and Title Map

THE ORCHARDS sits on a plot of roughly 0.187 of an acre, or 755m². The below map shows the location of THE ORCHARDS, 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 ORCHARDS). 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 ORCHARDS?

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