1, SPENCER DRIVE, LOWESTOFT, NR32 4LS - £325,000

1 SPENCER DRIVE is a small detached house of 78m², built sometime between 1967 and 1975. It was last sold for £325,000 in May 2023, which was around 25% below the average May 2023 detached price in the East Suffolk local authority area. The most recent EPC inspection was February 2022, where the current energy rating was E, and the potential energy rating was B.

1 SPENCER DRIVE Sold Prices

Land registry data shows two sales for 1 SPENCER DRIVE 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 1 SPENCER DRIVE sales were for below 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
2023 10 MAY	£325,000	£434,026	25% below HPI
2022 23 MAR	£219,000	£430,630	49% below HPI

1 SPENCER DRIVE 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 1 SPENCER DRIVE sales from March 2022 and May 2023 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 2022 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the May 2023 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 1 SPENCER DRIVE?

1 SPENCER DRIVE is 78m² according to the EPC inspection conducted in February 2022. This puts it in the smallest 30% of detached houses in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses by size in Lowestoft, and where 1 SPENCER DRIVE lies on this distribution: 28% of detached houses are smaller than 1 SPENCER DRIVE, and 71% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

1 SPENCER DRIVE: Plot and Title Map

1 SPENCER DRIVE sits on a plot of roughly 0.108 of an acre, or 436m². The below map shows the location of 1 SPENCER 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 SPENCER 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 SPENCER DRIVE?

1 SPENCER DRIVE is located in LOWESTOFT, in the NR32 postcode district. The below map shows the position of No. 1 on SPENCER DRIVE.