Melbourne Road - NR32 1SR
Key Postcode Insights
NR32 1SR is a residential postcode situated on Melbourne Road, Lowestoft, NR32 with 30 addresses.
It ranks as the 789th largest and 5th most expensive of the 1,031 postcodes in the NR32 area. The most common property type is a mid-century flat built between 1936 and 1979.
The postcode contains a total of 30 properties: 14 houses and 16 flats.
- Ave. Sale Price
- £91,864
- 10 Year change
- up 32.0%
- Ave. Rental Price
- £552pcm
- 10 Year change
- up 46.9%
- Ave. £ per ft²
- £121/ft²
- Ave. Gross Yield
- 7.2%/year/yr
Key Postcode Insights
NR32 1SR is a residential postcode situated on Melbourne Road, Lowestoft, NR32 with 30 addresses.
It ranks as the 789th largest and 5th most expensive of the 1,031 postcodes in the NR32 area. The most common property type is a mid-century flat built between 1936 and 1979.
The postcode contains a total of 30 properties: 14 houses and 16 flats.
- Ave. Sale Price
- £91,864
- 10 Year change
- up 32.0%
- Ave. Rental Price
- £552pcm
- 10 Year change
- up 46.9%
- Ave. £ per ft²
- £121/ft²
- Ave. Gross Yield
- 7.2%/year/yr
Explore Propertiesin NR32 1SR
- 1 Melbourne Road
3 Bed Period House
- 2 Melbourne Road
3 Bed Period House
- 3 Melbourne Road
3 Bed Period House
- 4 Melbourne Road
3 Bed Period House
- 5 Melbourne Road
3 Bed Period House
Sales Market Trends
The last sale in NR32 1SR sold for £117,000 on 2nd May 2025. Since then prices are down an average of 1.3%.
The current average value in the postcode is £91,864.
The NR32 1SR Sales Market has increased by 32.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -1.3% | £91,864 |
| June 2025 | 0.7% | £93,106 |
| June 2024 | -1.6% | £92,442 |
| June 2023 | -0.5% | £93,961 |
| June 2022 | 9.5% | £94,445 |
| June 2021 | 8.6% | £86,285 |
| June 2020 | 3.9% | £79,473 |
| June 2019 | 1.9% | £76,509 |
| June 2018 | 1.6% | £75,089 |
| June 2017 | 6.2% | £73,901 |
| June 2016 | 4.7% | £69,596 |
| June 2015 | 8.3% | £66,470 |
| June 2014 | 7.1% | £61,349 |
| June 2013 | -1% | £57,263 |
| June 2012 | -2% | £57,826 |
| June 2011 | -5.1% | £59,009 |
| June 2010 | 5.6% | £62,161 |
| June 2009 | -13.5% | £58,843 |
| June 2008 | -2.6% | £67,998 |
| June 2007 | 0% | £69,832 |
Rental Market Trends
The current average rental value in the postcode is £552.
The NR32 1SR Rental Market has increased by 46.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 4% | £552pcm |
| June 2025 | 3.3% | £531pcm |
| June 2024 | 4.3% | £514pcm |
| June 2023 | 7% | £493pcm |
| June 2022 | 8.5% | £461pcm |
| June 2021 | 5.4% | £425pcm |
| June 2020 | 4.3% | £403pcm |
| June 2019 | 2.5% | £387pcm |
| June 2018 | 0.1% | £377pcm |
| June 2017 | 0.3% | £377pcm |
| June 2016 | 3.2% | £376pcm |
| June 2015 | 1.8% | £364pcm |
| June 2014 | -0.1% | £358pcm |
| June 2013 | -0.1% | £358pcm |
| June 2012 | 1.3% | £359pcm |
| June 2011 | 0.4% | £354pcm |
| June 2010 | 1.3% | £352pcm |
| June 2009 | -6.6% | £348pcm |
| June 2008 | 1% | £373pcm |
| June 2007 | 0% | £369pcm |
Sales History
The last sale was on 2nd May 2025 for £117,000 and since then the market in the area has decreased by 1.3%. The postcode has had a total of 23 sales since 1995.
NR32 1SR has seen 1 sale in the last three years and no sales in the last twelve months.
- Sold May 2025£117,000 | 3 Bed House7, Melbourne Road, Lowestoft, NR32 1SR7, Melbourne Road, Lowestoft, NR32 1SR
- Sold Jan 2022£125,000 | 3 Bed House10, Melbourne Road, Lowestoft, NR32 1SR10, Melbourne Road, Lowestoft, NR32 1SR
- Sold Sep 2019£84,000 | 3 Bed House10, Melbourne Road, Lowestoft, NR32 1SR10, Melbourne Road, Lowestoft, NR32 1SR
- Sold Jan 2019£125,000 | 3 Bed House5, Melbourne Road, Lowestoft, NR32 1SR5, Melbourne Road, Lowestoft, NR32 1SR
- Sold Aug 2017£74,000 | 3 Bed House15, Melbourne Road, Lowestoft, NR32 1SR15, Melbourne Road, Lowestoft, NR32 1SR
Nearby Postcodes
NR32 1SR is the 789th largest and the 5th most expensive postcode out of the 1,031 postcodes in the NR32 area.
- NR32 1JW, Arnold Gardens, Lowestoft, NR32NR32 1JW7 Addresses|56 m away
- NR32 1JS, Albany Road, Lowestoft, NR32NR32 1JS18 Addresses|62 m away
- NR32 1JN, The Hemplands, Lowestoft, NR32NR32 1JN38 Addresses|68 m away
- NR32 1SW, Park Road, Lowestoft, NR32NR32 1SW41 Addresses|73 m away
- NR32 1JR, Albany Road, Lowestoft, NR32NR32 1JR21 Addresses|81 m away
Property Types
- 11 period houses built between 1800 and 1911
- 16 mid-century flats built between 1936 and 1979
- 3 other addresses of unknown type
- period house (11)
- mid-century flat (16)
- Unknown (3)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 26 properties.
- The most common rating is C.
- A (0)
- E (2)
- B (0)
- F (0)
- C (19)
- G (0)
- D (5)
- No EPC (4)
Top 3 Most Expensive Sales
- Sold Jan 2019£125,000 | 3 Bed House5, Melbourne Road, Lowestoft, NR32 1SR5, Melbourne Road, Lowestoft, NR32 1SR
- Sold Jan 2022£125,000 | 3 Bed House10, Melbourne Road, Lowestoft, NR32 1SR10, Melbourne Road, Lowestoft, NR32 1SR
- Sold Jan 2015£121,000 | 3 Bed House2, Melbourne Road, Lowestoft, NR32 1SR2, Melbourne Road, Lowestoft, NR32 1SR
Schools Nearby
- St Margaret's Primary Academy500 m away
- Northfield St Nicholas Primary Academy600 m away
- Poplars Community Primary School700 m away
- Ormiston Denes Academy700 m away
- Benjamin Britten Academy of Music and Mathematics2.1 km away
- East Point Academy2.5 km away
More reading links
Public Transport Nearby
The closest station to NR32 1SR is Lowestoft station, which is 1.2 kilometres away.
- Lowestoft|1.2 km away
- Oulton Broad North|2.7 km away
- Oulton Broad South|3.6 km away
- Somerleyton|7.5 km away
