DRIFTWAY, BROADVIEW ROAD, LOWESTOFT, NR32 3PL - £1,065,000

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.

DRIFTWAY is a very large extended detached house of 181m², built sometime between 1983 and 1990, which could now be worth an estimated £1,003,499. It was last sold for £1,065,000 in August 2023, which was around 149% above the average August 2023 detached price in the East Suffolk local authority area. The most recent EPC inspection was March 2017, where the current energy rating was C, and the potential energy rating was C.

DRIFTWAY Sold Prices

Land registry data shows one sale for DRIFTWAY 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
2023 18 AUG	£1,065,000	£427,035	149% above HPI

What might DRIFTWAY be worth now?

DRIFTWAY might now be worth an estimated £1,003,499.

This is based on house price deflation of 5.8%, between August 2023 and July 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 5.8% deflationary decrease is applied to the most recent sale price for DRIFTWAY of £1,065,000 on 18th August 2023. For the value to have decreased from £1,065,000 to £1,003,499 over the three years and one month to July 2026, the following assumptions must hold true:

• The value of DRIFTWAY has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The August 2023 sale price of £1,065,000 represented a fair market value for the property.
• The size, condition, and specification of DRIFTWAY has not materially changed since August 2023.

How Large is DRIFTWAY?

DRIFTWAY is 181m², which includes three extensions, according to the EPC inspection conducted in March 2017. This puts it in the largest 10% of detached houses in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses by size in Lowestoft, and where DRIFTWAY lies on this distribution: 94% of detached houses are smaller than DRIFTWAY, and 5% of detached houses are larger. Note that EPC data is not available for all properties in Lowestoft.

DRIFTWAY: Plot

DRIFTWAY sits on a plot of roughly 0.323 of an acre, or 1,309m².

Where is DRIFTWAY?

DRIFTWAY is located on BROADVIEW ROAD in LOWESTOFT, in the NR32 postcode district.