10, FARRER DRIVE, LOWESTOFT, NR32 3BF - £320,000

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.

10 FARRER DRIVE is a very large detached house of 147m², which could now be worth an estimated £378,343. It was last sold for £320,000 in October 2018, which was around 11% below the average October 2018 detached price in the East Suffolk local authority area. The most recent EPC inspection was October 2018, where the current energy rating was B, and the potential energy rating was A.

10 FARRER DRIVE Sold Prices

Land registry data shows two sales for 10 FARRER 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. One of the two 10 FARRER DRIVE 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
2018 8 OCT	£320,000	£358,768	11% below HPI
2017 16 JAN	£450,000	£326,273	38% above HPI

10 FARRER 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 10 FARRER DRIVE sales from January 2017 and October 2018 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 2017 sale was for 38% above the HPI. So the extrapolation line tracks at 38% above the HPI over time, until the October 2018 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 10 FARRER DRIVE be worth now?

10 FARRER DRIVE might now be worth an estimated £378,343.

This is based on house price inflation of 18.2%, between October 2018 and March 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 18.2% inflationary increase is applied to the most recent sale price for 10 FARRER DRIVE of £320,000 on 8th October 2018. For the value to have increased from £320,000 to £378,343 over the seven years and seven months to March 2025, the following assumptions must hold true:

• The value of 10 FARRER DRIVE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The October 2018 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of 10 FARRER DRIVE has not materially changed since October 2018.

How Large is 10 FARRER DRIVE?

10 FARRER DRIVE is 147m² according to the EPC inspection conducted in October 2018. This puts it in the largest 20% 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 10 FARRER DRIVE lies on this distribution: 86% of detached houses houses are smaller than 10 FARRER DRIVE, and 13% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

10 FARRER DRIVE: Plot and Title Map

10 FARRER DRIVE sits on a plot of roughly 0.063 of an acre, or 254m². The below map shows the location of 10 FARRER 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 10 FARRER 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 10 FARRER DRIVE?

10 FARRER DRIVE is located in LOWESTOFT, in the NR32 postcode district. The below map shows the position of No. 10 on FARRER DRIVE.