38, PROSPECT ROAD, LOWESTOFT, NR32 3PT - £435,000

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.

38 PROSPECT ROAD is a very large extended detached house of 141m², built sometime between 1950 and 1966, which could now be worth an estimated £468,240. It was last sold for £435,000 in September 2021, which was around 15% above the average September 2021 detached price in the East Suffolk local authority area. The most recent EPC inspection was May 2015, where the current energy rating was E, and the potential energy rating was C.

38 PROSPECT ROAD Sold Prices

Land registry data shows one sale for 38 PROSPECT ROAD 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
2021 30 SEP	£435,000	£379,031	15% above HPI

What might 38 PROSPECT ROAD be worth now?

38 PROSPECT ROAD might now be worth an estimated £468,240.

This is based on house price inflation of 7.6%, between September 2021 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 7.6% inflationary increase is applied to the most recent sale price for 38 PROSPECT ROAD of £435,000 on 30th September 2021. For the value to have increased from £435,000 to £468,240 over the five years and four months to May 2026, the following assumptions must hold true:

• The value of 38 PROSPECT ROAD has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The September 2021 sale price of £435,000 represented a fair market value for the property.
• The size, condition, and specification of 38 PROSPECT ROAD has not materially changed since September 2021.

How Large is 38 PROSPECT ROAD?

38 PROSPECT ROAD is 141m², which includes two extensions, according to the EPC inspection conducted in May 2015. This puts it in the largest 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 38 PROSPECT ROAD lies on this distribution: 84% of detached houses are smaller than 38 PROSPECT ROAD, and 16% of detached houses are larger. Note that EPC data is not available for all properties in Lowestoft.

38 PROSPECT ROAD: Plot

38 PROSPECT ROAD sits on a plot of roughly 0.162 of an acre, or 656m².

Where is 38 PROSPECT ROAD?

38 PROSPECT ROAD is located in LOWESTOFT, in the NR32 postcode district.