4, LEONARD DRIVE, LOWESTOFT, NR32 4WB - £189,500

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 LEONARD DRIVE is a large detached house of 121m², built sometime between 1996 and 2002, which could now be worth an estimated £281,804. It was last sold for £189,500 in July 2014, which was around 31% below the average July 2014 detached price in the East Suffolk local authority area. The most recent EPC inspection was March 2014, where the current energy rating was D, and the potential energy rating was C.

4 LEONARD DRIVE Sold Prices

Land registry data shows two sales for 4 LEONARD 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 4 LEONARD 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
2014 24 JUL	£189,500	£274,357	31% below HPI
1997 19 DEC	£72,750	£84,692	14% below HPI

4 LEONARD 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 4 LEONARD DRIVE sales from December 1997 and July 2014 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 1997 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the July 2014 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 4 LEONARD DRIVE be worth now?

4 LEONARD DRIVE might now be worth an estimated £281,804.

This is based on house price inflation of 48.7%, between July 2014 and May 2026, 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 48.7% inflationary increase is applied to the most recent sale price for 4 LEONARD DRIVE of £189,500 on 24th July 2014. For the value to have increased from £189,500 to £281,804 over the twelve years and two months to May 2026, the following assumptions must hold true:

• The value of 4 LEONARD DRIVE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The July 2014 sale price of £189,500 represented a fair market value for the property.
• The size, condition, and specification of 4 LEONARD DRIVE has not materially changed since July 2014.

How Large is 4 LEONARD DRIVE?

4 LEONARD DRIVE is 121m² according to the EPC inspection conducted in March 2014. This puts it in the largest 30% 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 LEONARD DRIVE lies on this distribution: 72% of detached houses houses are smaller than 4 LEONARD DRIVE, and 27% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

4 LEONARD DRIVE: Plot and Title Map

4 LEONARD DRIVE sits on a plot of roughly 0.055 of an acre, or 221m². The below map shows the location of 4 LEONARD 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 LEONARD 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 LEONARD DRIVE?

4 LEONARD DRIVE is located in LOWESTOFT, in the NR32 postcode district. The below map shows the position of No. 4 on LEONARD DRIVE.