5, THE SHIRES, LOWESTOFT, NR32 5EX - £450,000

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 THE SHIRES is a very large extended detached house of 249m², built sometime between 1967 and 1975, which could now be worth an estimated £577,590. It was last sold for £450,000 in February 2017, which was around 37% above the average February 2017 detached price in the East Suffolk local authority area. The most recent EPC inspection was September 2014, where the current energy rating was E, and the potential energy rating was C.

5 THE SHIRES Sold Prices

Land registry data shows three sales for 5 THE SHIRES 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 5 THE SHIRES sales were for above 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
2017 17 FEB	£450,000	£329,595	37% above HPI
2003 4 APR	£249,500	£185,131	35% above HPI
1999 14 OCT	£150,000	£100,933	49% above HPI

5 THE SHIRES 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 5 THE SHIRES sales between October 1999 and February 2017 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 April 2003 sale was for 35% above the HPI. So the extrapolation line tracks at 35% above the HPI over time, until the February 2017 sale, where it rises to 37% above the HPI. The line then continues to track at 37% above the HPI.

What might 5 THE SHIRES be worth now?

5 THE SHIRES might now be worth an estimated £577,590.

This is based on house price inflation of 28.4%, between February 2017 and February 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 28.4% inflationary increase is applied to the most recent sale price for 5 THE SHIRES of £450,000 on 17th February 2017. For the value to have increased from £450,000 to £577,590 over the eight years to February 2025, the following assumptions must hold true:

• The value of 5 THE SHIRES has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The February 2017 sale price of £450,000 represented a fair market value for the property.
• The size, condition, and specification of 5 THE SHIRES has not materially changed since February 2017.

How Large is 5 THE SHIRES?

5 THE SHIRES is 249m², which includes one extension, according to the EPC inspection conducted in September 2014. This puts it in the largest 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 5 THE SHIRES lies on this distribution: 99% of detached houses houses are smaller than 5 THE SHIRES, and 1% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

5 THE SHIRES: Plot and Title Map

5 THE SHIRES sits on a plot of roughly 0.238 of an acre, or 964m². The below map shows the location of 5 THE SHIRES, 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 THE SHIRES). 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 THE SHIRES?

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