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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, 2, Forge Terrace, Lowestoft is a modern freehold house with 861 ft2 of internal area.
Houses of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Forge Terrace, Lowestoft is £204,271 and the estimated rental value is £1,096 per month.
Forge Terrace, Lowestoft, NR32 is located in the borough of East Suffolk within the NR32 postal district.
2, Forge Terrace, Lowestoft has 31 entries in the Land Registry , most recently in June 2021 and a single entry in the EPC database dated June 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.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 2, Forge Terrace, Lowestoft is in very good condition we estimate a sale value of £214,484 and a rental value of £1,150 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £189,972 and a rental value of £1,019 per month.
Over the last 12 months the sale value of 2 Forge Terrace Lowestoft has decreased by an estimated £2,388 (1.2%) and its rental value has increased by an estimated £24 per month (2.2%), giving an expected gross yield of 6.4%.
2, Forge Terrace, Lowestoft has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 14 Jun 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 2, Forge Terrace, Lowestoft was last sold on 28th June 2021 for £180,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since June 2021, the market for similar properties has risen 14.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Forge Terrace, Lowestoft within a radius of 780 metres over the last 2 years.
The most recent example is 10, Harrison Road, Lowestoft, NR32 3ND, a freehold house which sold for £116,000 on the 12th November 2024.
Read more about house prices in NR32.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Forge Terrace, Lowestoft, NR32 has a total of 3 addresses. According to our analysis of all the public data, 2, Forge Terrace, Lowestoft is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £23k less expensive than the average property in NR32.
The closest station to 2, Forge Terrace, Lowestoft is Oulton Broad North station which is 300 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 2, Forge Terrace, Lowestoft, 28.2% of property is socially rented and 26.6% is privately rented.
The graph below shows how this compares to East of England and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 2, Forge Terrace, Lowestoft, 13.2% of residents are recorded as possessing school level qualifications and 25.6% as possessing degree level qualifications.
The graph below shows how this compares to East of England and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 2, Forge Terrace, Lowestoft, the average age was 44.6 and the most common age was 72.
The graph below shows how this compares to East of England and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 2, Forge Terrace, Lowestoft, 0.0% of property was a second home.
Comparison figures for East of England and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 2, Forge Terrace, Lowestoft, there are an average of 1.2 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
