156, HIGHER DRIVE, LOWESTOFT, NR32 3DE - £162,000

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.

156 HIGHER DRIVE is a very small extended detached house of 66m², built sometime between 1950 and 1966, which could now be worth an estimated £199,170. It was last sold for £162,000 in May 2017, which was around 51% below the average May 2017 detached price in the East Suffolk local authority area. The most recent EPC inspection was March 2017, where the current energy rating was D, and the potential energy rating was B.

156 HIGHER DRIVE Sold Prices

Land registry data shows one sale for 156 HIGHER DRIVE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2017 26 MAY	£162,000	£331,852	51% below HPI

What might 156 HIGHER DRIVE be worth now?

156 HIGHER DRIVE might now be worth an estimated £199,170.

This is based on house price inflation of 22.9%, between May 2017 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 22.9% inflationary increase is applied to the most recent sale price for 156 HIGHER DRIVE of £162,000 on 26th May 2017. For the value to have increased from £162,000 to £199,170 over the nine years to May 2026, the following assumptions must hold true:

• The value of 156 HIGHER DRIVE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The May 2017 sale price of £162,000 represented a fair market value for the property.
• The size, condition, and specification of 156 HIGHER DRIVE has not materially changed since May 2017.

How Large is 156 HIGHER DRIVE?

156 HIGHER DRIVE is 66m², which includes one extension, according to the EPC inspection conducted in March 2017. This puts it in the smallest 20% of detached houses in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses by size in Lowestoft, and where 156 HIGHER DRIVE lies on this distribution: 11% of detached houses are smaller than 156 HIGHER DRIVE, and 88% of detached houses are larger. Note that EPC data is not available for all properties in Lowestoft.

156 HIGHER DRIVE: Plot

156 HIGHER DRIVE sits on a plot of roughly 0.085 of an acre, or 345m².

Where is 156 HIGHER DRIVE?

156 HIGHER DRIVE is located in LOWESTOFT, in the NR32 postcode district.