16, Gainsborough Drive
16, Gainsborough Drive
Description & Estimates
Public records show 16, Gainsborough Drive, Lowestoft to be a mid-century leasehold apartment with 839 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms.
16, Gainsborough Drive, Lowestoft has an estimated sale value of £148,356 and an estimated rental value of £577 per month, assuming reasonable condition and based on the information available.
Gainsborough Drive, Lowestoft, NR32 lies in the borough of East Suffolk, within the NR32 postal district.
Our Data Sources
16, Gainsborough Drive, Lowestoft has 21 entries in the Land Registry , most recently in October 2014 and a single entry in the EPC database dated April 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Price Range & Condition
In very good condition, we estimate 16, Gainsborough Drive, Lowestoft would be worth £155,774, with a potential rental value of £606 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £137,971, with a rental value of £537 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 16, Gainsborough Drive, Lowestoft has declined by £316 (0.2%) over the last year. During the same period, its estimated monthly rental value has climbed by £24 (4.2%). The property's estimated gross yield is currently 4.7%.
Energy Efficiency
16, Gainsborough Drive, Lowestoft has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 21 Apr 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
16, Gainsborough Drive, Lowestoft last changed hands on 3rd October 2014, selling for £95,000. The transaction was logged as a leasehold flat by HM Land Registry.
In total it has sold twice since 1995.
The market for similar properties has dropped by 6.4% since October 2014.
- Sold Oct 2014£95,000
- Sold Dec 2000£47,500
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 1 sale of a comparable property within 830 metres of 16, Gainsborough Drive, Lowestoft across the last 2 years.
Most recently, 14, Glebe Close, Lowestoft, NR32 4NU, a leasehold flat, sold at £250,000 on the 29th November 2023.
Read more about house prices in NR32.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks 16, Gainsborough Drive, Lowestoft as the 48th largest and the 73rd most expensive of the 75 addresses on Gainsborough Drive, Lowestoft, NR32.
Against the NR32 postcode district average, it is £79k less expensive than the typical property.
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Schools Nearby
- 100mGunton Primary Academy
- 1.3kmPoplars Community Primary School
- 1.5kmNorthfield St Nicholas Primary Academy
- 800mBenjamin Britten Academy of Music and Mathematics
- 1.1kmOrmiston Denes Academy
- 3.6kmEast Point Academy
More reading links
Public Transport Nearby
Lowestoft station is the nearest stop to 16, Gainsborough Drive, Lowestoft at 2.8 kilometres away.
- 2.8kmLowestoft
- 3.0kmOulton Broad North
- 4.0kmOulton Broad South
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
