1, PENNYGATE DRIVE, LOWESTOFT, NR33 9HJ - £174,995

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.

1 PENNYGATE DRIVE is a midsized extended semi-detached house of 89m², built sometime between 1950 and 1966, which could now be worth an estimated £320,074. It was last sold for £174,995 in July 2006, which was around 15% above the average July 2006 semi-detached price in the East Suffolk local authority area. The most recent EPC inspection was April 2015, where the current energy rating was D, and the potential energy rating was B.

1 PENNYGATE DRIVE Sold Prices

Land registry data shows two sales for 1 PENNYGATE DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the East Suffolk local authority area for the corresponding sale date. Both of the two 1 PENNYGATE DRIVE 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
2006 10 JUL	£174,995	£152,566	15% above HPI
2004 29 MAR	£140,000	£130,068	8% above HPI

1 PENNYGATE DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the East Suffolk local authority area over time, sourced from the HPI. The two 1 PENNYGATE DRIVE sales from March 2004 and July 2006 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 March 2004 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the July 2006 sale, where it rises to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might 1 PENNYGATE DRIVE be worth now?

1 PENNYGATE DRIVE might now be worth an estimated £320,074.

This is based on house price inflation of 82.9%, between July 2006 and February 2025, for semi-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 82.9% inflationary increase is applied to the most recent sale price for 1 PENNYGATE DRIVE of £174,995 on 10th July 2006. For the value to have increased from £174,995 to £320,074 over the nineteen years and five months to February 2025, the following assumptions must hold true:

• The value of 1 PENNYGATE DRIVE has moved in line with the HPI for semi-detached houses in the East Suffolk local authority area.
• The July 2006 sale price of £174,995 represented a fair market value for the property.
• The size, condition, and specification of 1 PENNYGATE DRIVE has not materially changed since July 2006.

How Large is 1 PENNYGATE DRIVE?

1 PENNYGATE DRIVE is 89m², which includes one extension, according to the EPC inspection conducted in April 2015. This puts it in the smallest 50% of semi-detached houses houses in Lowestoft, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Lowestoft, and where 1 PENNYGATE DRIVE lies on this distribution: 42% of semi-detached houses houses are smaller than 1 PENNYGATE DRIVE, and 58% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

1 PENNYGATE DRIVE: Plot and Title Map

1 PENNYGATE DRIVE sits on a plot of roughly 0.127 of an acre, or 514m². The below map shows the location of 1 PENNYGATE DRIVE, 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 1 PENNYGATE DRIVE). 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 1 PENNYGATE DRIVE?

1 PENNYGATE DRIVE is located in LOWESTOFT, in the NR33 postcode district. The below map shows the position of No. 1 on PENNYGATE DRIVE.