42, LAKELAND DRIVE, LOWESTOFT, NR32 2QT - £127,000

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.

42 LAKELAND DRIVE is a very small terraced house of 70m², built sometime between 1976 and 1982, which could now be worth an estimated £205,048. It was last sold for £127,000 in May 2014, which was around 4% below the average May 2014 terraced price in the East Suffolk local authority area. The most recent EPC inspection was February 2014, where the current energy rating was C, and the potential energy rating was B.

42 LAKELAND DRIVE Sold Prices

Land registry data shows four sales for 42 LAKELAND DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the East Suffolk local authority area for the corresponding sale date. Most of the four 42 LAKELAND 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 16 MAY	£127,000	£131,761	4% below HPI
2003 16 OCT	£90,000	£90,677	1% below HPI
2003 8 JAN	£74,000	£78,026	5% below HPI
1998 30 OCT	£40,500	£40,168	1% above HPI

42 LAKELAND DRIVE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the East Suffolk local authority area over time, sourced from the HPI. The four 42 LAKELAND DRIVE sales between October 1998 and May 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 October 2003 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the May 2014 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 42 LAKELAND DRIVE be worth now?

42 LAKELAND DRIVE might now be worth an estimated £205,048.

This is based on house price inflation of 61.5%, between May 2014 and July 2025, for terraced 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 61.5% inflationary increase is applied to the most recent sale price for 42 LAKELAND DRIVE of £127,000 on 16th May 2014. For the value to have increased from £127,000 to £205,048 over the ten years and ten months to July 2025, the following assumptions must hold true:

• The value of 42 LAKELAND DRIVE has moved in line with the HPI for terraced houses in the East Suffolk local authority area.
• The May 2014 sale price of £127,000 represented a fair market value for the property.
• The size, condition, and specification of 42 LAKELAND DRIVE has not materially changed since May 2014.

How Large is 42 LAKELAND DRIVE?

42 LAKELAND DRIVE is 70m² according to the EPC inspection conducted in February 2014. This puts it in the smallest 20% of terraced houses houses in Lowestoft, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Lowestoft, and where 42 LAKELAND DRIVE lies on this distribution: 17% of terraced houses houses are smaller than 42 LAKELAND DRIVE, and 82% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

42 LAKELAND DRIVE: Plot and Title Map

42 LAKELAND DRIVE sits on a plot of roughly 0.038 of an acre, or 153m². The below map shows the location of 42 LAKELAND 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 42 LAKELAND 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 42 LAKELAND DRIVE?

42 LAKELAND DRIVE is located in LOWESTOFT, in the NR32 postcode district. The below map shows the position of No. 42 on LAKELAND DRIVE.