5, LAKELAND DRIVE, LOWESTOFT, NR32 2QS - £123,000

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.

5 LAKELAND DRIVE is a small semi-detached house of 84m², built sometime between 1976 and 1982, which could now be worth an estimated £221,575. It was last sold for £123,000 in August 2006, which was around 21% below the average August 2006 semi-detached price in the East Suffolk local authority area. The most recent EPC inspection was August 2023, where the current energy rating was C, and the potential energy rating was B.

5 LAKELAND DRIVE Sold Prices

Land registry data shows two sales for 5 LAKELAND DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the East Suffolk local authority area for the corresponding sale date. Both of the two 5 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
2006 25 AUG	£123,000	£154,905	21% below HPI
2003 15 AUG	£76,000	£119,010	36% below HPI

5 LAKELAND DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the East Suffolk local authority area over time, sourced from the HPI. The two 5 LAKELAND DRIVE sales from August 2003 and August 2006 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 August 2003 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the August 2006 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 5 LAKELAND DRIVE be worth now?

5 LAKELAND DRIVE might now be worth an estimated £221,575.

This is based on house price inflation of 80.1%, between August 2006 and February 2025, for semi-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 80.1% inflationary increase is applied to the most recent sale price for 5 LAKELAND DRIVE of £123,000 on 25th August 2006. For the value to have increased from £123,000 to £221,575 over the nineteen years and six months to February 2025, the following assumptions must hold true:

• The value of 5 LAKELAND DRIVE has moved in line with the HPI for semi-detached houses in the East Suffolk local authority area.
• The August 2006 sale price of £123,000 represented a fair market value for the property.
• The size, condition, and specification of 5 LAKELAND DRIVE has not materially changed since August 2006.

How Large is 5 LAKELAND DRIVE?

5 LAKELAND DRIVE is 84m² according to the EPC inspection conducted in August 2023. This puts it in the smallest 40% of semi-detached houses houses in Lowestoft, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Lowestoft, and where 5 LAKELAND DRIVE lies on this distribution: 36% of semi-detached houses houses are smaller than 5 LAKELAND DRIVE, and 63% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

5 LAKELAND DRIVE: Plot and Title Map

5 LAKELAND DRIVE sits on a plot of roughly 0.040 of an acre, or 161m². The below map shows the location of 5 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 5 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 5 LAKELAND DRIVE?

5 LAKELAND DRIVE is located in LOWESTOFT, in the NR32 postcode district. The below map shows the position of No. 5 on LAKELAND DRIVE.