28, THE FAIRWAY, LOWESTOFT, NR33 9JB - £257,000

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.

28 THE FAIRWAY is a very small detached house of 70m², built sometime between 1967 and 1975, which could now be worth an estimated £291,132. It was last sold for £257,000 in February 2021, which was around 31% below the average February 2021 detached price in the East Suffolk local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was B.

28 THE FAIRWAY Sold Prices

Land registry data shows three sales for 28 THE FAIRWAY 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. All of the three 28 THE FAIRWAY 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
2021 23 FEB	£257,000	£373,448	31% below HPI
2019 19 DEC	£186,000	£355,195	48% below HPI
2001 23 NOV	£87,995	£144,460	39% below HPI

28 THE FAIRWAY 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 28 THE FAIRWAY sales between November 2001 and February 2021 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 2019 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the February 2021 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 28 THE FAIRWAY be worth now?

28 THE FAIRWAY might now be worth an estimated £291,132.

This is based on house price inflation of 13.3%, between February 2021 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 13.3% inflationary increase is applied to the most recent sale price for 28 THE FAIRWAY of £257,000 on 23rd February 2021. For the value to have increased from £257,000 to £291,132 over the four years to February 2025, the following assumptions must hold true:

• The value of 28 THE FAIRWAY has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The February 2021 sale price of £257,000 represented a fair market value for the property.
• The size, condition, and specification of 28 THE FAIRWAY has not materially changed since February 2021.

How Large is 28 THE FAIRWAY?

28 THE FAIRWAY is 70m² according to the EPC inspection conducted in October 2014. This puts it in the smallest 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 28 THE FAIRWAY lies on this distribution: 17% of detached houses houses are smaller than 28 THE FAIRWAY, and 82% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

28 THE FAIRWAY: Plot and Title Map

28 THE FAIRWAY sits on a plot of roughly 0.117 of an acre, or 474m². The below map shows the location of 28 THE FAIRWAY, 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 28 THE FAIRWAY). 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 28 THE FAIRWAY?

28 THE FAIRWAY is located in LOWESTOFT, in the NR33 postcode district. The below map shows the position of No. 28 on THE FAIRWAY.