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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
According to the public record, 2, Pennygate Drive, Lowestoft is a mid-century freehold house with 635 ft2 of internal area and sits on a 513 m2 plot.
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, Pennygate Drive, Lowestoft is £287,192 and the estimated rental value is £1,038 per month.
Pennygate Drive, Lowestoft, NR33 is located in the borough of East Suffolk within the NR33 postal district.
2, Pennygate Drive, Lowestoft has 41 entries in the Land Registry , most recently in April 2022 and a single entry in the EPC database dated August 2016.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium 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, Pennygate Drive, Lowestoft is in very good condition we estimate a sale value of £301,552 and a rental value of £1,090 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £267,089 and a rental value of £966 per month.
Over the last 12 months the sale value of 2 Pennygate Drive Lowestoft has decreased by an estimated £7,163 (2.5%) and its rental value has increased by an estimated £20 per month (1.9%), giving an expected gross yield of 4.3%.
According to data from HM Land Registry, 2, Pennygate Drive, Lowestoft sits on a plot of 513m2.
We have plot size data on 6 out of 6 other houses in the postcode and 2, Pennygate Drive, Lowestoft sits on the 3rd largest plot.
2, Pennygate Drive, Lowestoft has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 08 Aug 2016.
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, Pennygate Drive, Lowestoft was last sold on 29th April 2022 for £400,000 and was recorded as a freehold house.
The property has had 4 sales since 1995.
Since April 2022, the market for similar properties has dropped 17.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Pennygate Drive, Lowestoft within a radius of 620 metres over the last 2 years.
The most recent example is 76, Broadwaters Road, Lowestoft, NR33 9HS, a freehold house which sold for £250,000 on the 21st June 2022.
Read more about house prices in NR33.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Pennygate Drive, Lowestoft, NR33 has a total of 24 addresses. According to our analysis of all the public data, 2, Pennygate Drive, Lowestoft is the 22nd largest and the 18th most expensive property on the street.
When compared to the postcode district it is £55k more expensive than the average property in NR33.
The closest station to 2, Pennygate Drive, Lowestoft is Oulton Broad South station which is 900 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
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The recent census recorded whether a resident owned or rented their home.
In the area around 2, Pennygate Drive, Lowestoft, 64.4% of property is privately owned outright and 28.9% is privately owned with a mortgage.
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, Pennygate Drive, Lowestoft, 19.3% of residents are recorded as possessing school level qualifications and 21.9% 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, Pennygate Drive, Lowestoft, the average age was 50.4 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, Pennygate Drive, 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, Pennygate Drive, Lowestoft, there are an average of 1.6 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
