3, SHARON DRIVE, LOWESTOFT, NR32 4EE - £260,000

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.

3 SHARON DRIVE is a small extended detached house of 87m², built sometime between 1967 and 1975, which could now be worth an estimated £290,409. It was last sold for £260,000 in October 2020, which was around 30% below the average October 2020 detached price in the East Suffolk local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was B.

3 SHARON DRIVE Sold Prices

Land registry data shows two sales for 3 SHARON 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 3 SHARON 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
2020 19 OCT	£260,000	£373,189	30% below HPI
2014 24 JAN	£140,000	£262,078	47% below HPI

3 SHARON 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 3 SHARON DRIVE sales from January 2014 and October 2020 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 2014 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the October 2020 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 3 SHARON DRIVE be worth now?

3 SHARON DRIVE might now be worth an estimated £290,409.

This is based on house price inflation of 11.7%, between October 2020 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 11.7% inflationary increase is applied to the most recent sale price for 3 SHARON DRIVE of £260,000 on 19th October 2020. For the value to have increased from £260,000 to £290,409 over the five years and four months to June 2025, the following assumptions must hold true:

• The value of 3 SHARON DRIVE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The October 2020 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 3 SHARON DRIVE has not materially changed since October 2020.

How Large is 3 SHARON DRIVE?

3 SHARON DRIVE is 87m², which includes one extension, according to the EPC inspection conducted in July 2020. This puts it in the smallest 40% 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 3 SHARON DRIVE lies on this distribution: 39% of detached houses houses are smaller than 3 SHARON DRIVE, and 60% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

3 SHARON DRIVE: Plot and Title Map

3 SHARON DRIVE sits on a plot of roughly 0.107 of an acre, or 431m². The below map shows the location of 3 SHARON 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 3 SHARON 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 3 SHARON DRIVE?

3 SHARON DRIVE is located in LOWESTOFT, in the NR32 postcode district. The below map shows the position of No. 3 on SHARON DRIVE.