2, PAKEFIELD ROAD, LOWESTOFT, NR33 0HS - £439,000

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 PAKEFIELD ROAD is a very large extended detached house of 167m², built sometime between 1900 and 1929, which could now be worth an estimated £538,125. It was last sold for £439,000 in May 2019, which was around 29% above the average May 2019 detached price in the East Suffolk local authority area. The most recent EPC inspection was February 2012, where the current energy rating was E, and the potential energy rating was E.

2 PAKEFIELD ROAD Sold Prices

Land registry data shows three sales for 2 PAKEFIELD ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. The three 2 PAKEFIELD ROAD sales were a mix of above the average price, roughly equal to the average price, and 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
2019 7 MAY	£439,000	£340,054	29% above HPI
2016 7 JUL	£290,000	£311,134	7% below HPI
2001 9 NOV	£145,000	£144,460	Close to HPI

2 PAKEFIELD 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 three 2 PAKEFIELD ROAD sales between November 2001 and May 2019 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 July 2016 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the May 2019 sale, where it rises to 29% above the HPI. The line then continues to track at 29% above the HPI.

What might 2 PAKEFIELD ROAD be worth now?

2 PAKEFIELD ROAD might now be worth an estimated £538,125.

This is based on house price inflation of 22.6%, between May 2019 and June 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 22.6% inflationary increase is applied to the most recent sale price for 2 PAKEFIELD ROAD of £439,000 on 7th May 2019. For the value to have increased from £439,000 to £538,125 over the five years and eleven months to June 2025, the following assumptions must hold true:

• The value of 2 PAKEFIELD ROAD has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The May 2019 sale price of £439,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PAKEFIELD ROAD has not materially changed since May 2019.

How Large is 2 PAKEFIELD ROAD?

2 PAKEFIELD ROAD is 167m², which includes one extension, according to the EPC inspection conducted in February 2012. This puts it in the largest 10% 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 PAKEFIELD ROAD lies on this distribution: 93% of detached houses houses are smaller than 2 PAKEFIELD ROAD, and 7% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

2 PAKEFIELD ROAD: Plot and Title Map

2 PAKEFIELD ROAD sits on a plot of roughly 0.089 of an acre, or 361m². The below map shows the location of 2 PAKEFIELD 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 PAKEFIELD 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 PAKEFIELD ROAD?

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