2, FAIRFIELD ROAD, LOWESTOFT, NR33 8QF - £175,000

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.

2 FAIRFIELD ROAD is a midsized extended detached house of 92m², built sometime between 1967 and 1975, which could now be worth an estimated £296,849. It was last sold for £175,000 in December 2010, which was around 30% below the average December 2010 detached price in the East Suffolk local authority area. The most recent EPC inspection was November 2009, where the current energy rating was D, and the potential energy rating was C.

2 FAIRFIELD ROAD Sold Prices

Land registry data shows four sales for 2 FAIRFIELD ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. All of the four 2 FAIRFIELD ROAD 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
2010 13 DEC	£175,000	£249,396	30% below HPI
2002 10 DEC	£134,950	£175,279	23% below HPI
2000 16 OCT	£82,000	£117,582	30% below HPI
1998 27 JUL	£66,995	£89,517	25% below HPI

2 FAIRFIELD ROAD 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 four 2 FAIRFIELD ROAD sales between July 1998 and December 2010 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 December 2002 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the December 2010 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 2 FAIRFIELD ROAD be worth now?

2 FAIRFIELD ROAD might now be worth an estimated £296,849.

This is based on house price inflation of 69.6%, between December 2010 and February 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 69.6% inflationary increase is applied to the most recent sale price for 2 FAIRFIELD ROAD of £175,000 on 13th December 2010. For the value to have increased from £175,000 to £296,849 over the fifteen years and ten months to February 2025, the following assumptions must hold true:

• The value of 2 FAIRFIELD ROAD has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The December 2010 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 2 FAIRFIELD ROAD has not materially changed since December 2010.

How Large is 2 FAIRFIELD ROAD?

2 FAIRFIELD ROAD is 92m², which includes one extension, according to the EPC inspection conducted in November 2009. This puts it in the smallest 50% 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 2 FAIRFIELD ROAD lies on this distribution: 46% of detached houses houses are smaller than 2 FAIRFIELD ROAD, and 54% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

2 FAIRFIELD ROAD: Plot and Title Map

2 FAIRFIELD ROAD sits on a plot of roughly 0.112 of an acre, or 455m². The below map shows the location of 2 FAIRFIELD ROAD, 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 2 FAIRFIELD ROAD). 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 2 FAIRFIELD ROAD?

2 FAIRFIELD ROAD is located in LOWESTOFT, in the NR33 postcode district. The below map shows the position of No. 2 on FAIRFIELD ROAD.