Basement, Park Mansions 3
Basement, Park Mansions 3
Description & Estimates
Basement, Park Mansions 3, Lowestoft is recorded publicly as a period leasehold apartment across 731 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms with a garden.
Our estimate of the sale value of Basement, Park Mansions 3, Lowestoft is £122,303 and its rental estimate is £566 per month, given the available information and assuming reasonable condition.
Park Mansions, North Parade is a residential building on North Parade, Lowestoft, NR32 and falls within the NR32 postal district and the borough of East Suffolk.
Our Data Sources
Basement, Park Mansions 3, Lowestoft has 21 entries in the Land Registry , most recently in December 2016 and a single entry in the EPC database dated February 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For Basement, Park Mansions 3, Lowestoft, we estimate a market value of £128,418 and a rental value of £595 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £113,742 and £527 per month respectively.
Recent Market Change
Over the last year, Basement, Park Mansions 3, Lowestoft has seen its estimated sale value increase by £721 (0.6%) and its estimated rental value grow by £25 per month (4.4%). This results in an estimated gross rental yield of 5.6%.
Energy Efficiency
Basement, Park Mansions 3, Lowestoft has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 17 Feb 2021.
The property is connected to mains gas and has single glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of Basement, Park Mansions 3, Lowestoft completed on 14th December 2016 at £87,500 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold twice.
Values of comparable properties have dropped by 9.1% over the period since December 2016.
- Sold Dec 2016£87,500
- Sold Aug 2006£62,500
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Basement, Park Mansions 3, Lowestoft have sold within a radius of 630 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 19th April 2023, was Flat 2, Wedgewood Court, North Parade, Lowestoft, NR32 4PB, a leasehold flat which sold for £68,000.
Read more about house prices in NR32.
- Sold Apr 2023£68,000 | 2 Bed FlatWedgewood Court, North ParadeFlat 2, Wedgewood Court, North Parade, Lowestoft, NR32 4PB
- Sold Oct 2021£80,000 | 2 Bed Flat34, Lyndhurst RoadFlat 3, 34, Lyndhurst Road, Lowestoft, NR32 4PD
- Sold Mar 2016£77,000 | 2 Bed FlatPark Mansions 4, North ParadeFlat 2, Park Mansions 4, North Parade, Lowestoft, NR32 4PB
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 82 addresses on North Parade, Lowestoft, NR32, Basement, Park Mansions 3, Lowestoft comes out as the 49th largest and the 41st most expensive in our analysis of the public data.
It is also £105k less expensive than the average property across the NR32 district.
More reading links
Schools Nearby
- 500mPoplars Community Primary School
- 500mSt Margaret's Primary Academy
- 600mNorthfield St Nicholas Primary Academy
- 300mOrmiston Denes Academy
- 1.7kmBenjamin Britten Academy of Music and Mathematics
- 2.9kmEast Point Academy
More reading links
Public Transport Nearby
From Basement, Park Mansions 3, Lowestoft, the nearest station is Lowestoft, 1.7 kilometres away.
- 1.7kmLowestoft
- 2.8kmOulton Broad North
- 3.7kmOulton Broad South
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
