4, FAIRFIELD DRIVE, LOWESTOFT, NR33 8QG - £187,000

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.

4 FAIRFIELD DRIVE is a very small extended detached house of 64m², built sometime between 1983 and 1990, which could now be worth an estimated £254,546. It was last sold for £187,000 in June 2016, which was around 39% below the average June 2016 detached price in the East Suffolk local authority area. The most recent EPC inspection was May 2011, where the current energy rating was D, and the potential energy rating was C.

4 FAIRFIELD DRIVE Sold Prices

Land registry data shows three sales for 4 FAIRFIELD DRIVE 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 4 FAIRFIELD 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
2016 20 JUN	£187,000	£306,226	39% below HPI
2003 27 JUN	£110,000	£185,405	41% below HPI
2000 13 MAR	£20,000	£103,555	81% below HPI

4 FAIRFIELD 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 three 4 FAIRFIELD DRIVE sales between March 2000 and June 2016 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 June 2003 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the June 2016 sale, where it rises to 39% below the HPI. The line then continues to track at 39% below the HPI.

What might 4 FAIRFIELD DRIVE be worth now?

4 FAIRFIELD DRIVE might now be worth an estimated £254,546.

This is based on house price inflation of 36.1%, between June 2016 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 36.1% inflationary increase is applied to the most recent sale price for 4 FAIRFIELD DRIVE of £187,000 on 20th June 2016. For the value to have increased from £187,000 to £254,546 over the nine years to June 2025, the following assumptions must hold true:

• The value of 4 FAIRFIELD DRIVE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The June 2016 sale price of £187,000 represented a fair market value for the property.
• The size, condition, and specification of 4 FAIRFIELD DRIVE has not materially changed since June 2016.

How Large is 4 FAIRFIELD DRIVE?

4 FAIRFIELD DRIVE is 64m², which includes one extension, according to the EPC inspection conducted in May 2011. This puts it in the smallest 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 4 FAIRFIELD DRIVE lies on this distribution: 9% of detached houses houses are smaller than 4 FAIRFIELD DRIVE, and 91% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

4 FAIRFIELD DRIVE: Plot and Title Map

4 FAIRFIELD DRIVE sits on a plot of roughly 0.071 of an acre, or 287m². The below map shows the location of 4 FAIRFIELD 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 4 FAIRFIELD 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 4 FAIRFIELD DRIVE?

4 FAIRFIELD DRIVE is located in LOWESTOFT, in the NR33 postcode district. The below map shows the position of No. 4 on FAIRFIELD DRIVE.