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According to the public record, Flat 1, 3, Pier Terrace, Lowestoft is a period leasehold apartment with 398 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 1, 3, Pier Terrace, Lowestoft is £104,496 and the estimated rental value is £523 per month.
The apartment is within 3, Pier Terrace, Lowestoft, NR33.
Pier Terrace, Lowestoft, NR33 is located in the borough of East Suffolk within the NR33 postal district.
Flat 1, 3, Pier Terrace, Lowestoft has 21 entries in the Land Registry , most recently in February 2007 and a single entry in the EPC database dated February 2020.
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 Flat 1, 3, Pier Terrace, Lowestoft is in very good condition we estimate a sale value of £109,721 and a rental value of £549 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £97,182 and a rental value of £487 per month.
Over the last 12 months the sale value of Flat 1 3 Pier Terrace Lowestoft has decreased by an estimated £543 (0.5%) and its rental value has increased by an estimated £20 per month (3.9%), giving an expected gross yield of 6%.
Flat 1, 3, Pier Terrace, Lowestoft has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 27 Feb 2020.
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, Flat 1, 3, Pier Terrace, Lowestoft was last sold on 8th February 2007 for £210,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since February 2007, the market for similar properties has risen 55.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, 3, Pier Terrace, Lowestoft within a radius of 610 metres over the last 2 years.
The most recent example is 45, London Road North, Lowestoft, NR32 1BH, a leasehold flat which sold for £175,000 on the 11th May 2022.
Read more about house prices in NR33.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Pier Terrace, Lowestoft, NR33 has a total of 35 addresses. According to our analysis of all the public data, Flat 1, 3, Pier Terrace, Lowestoft is the 21st largest and the 21st most expensive property on the street.
When compared to the postcode district it is £127k less expensive than the average property in NR33.
The closest station to Flat 1, 3, Pier Terrace, Lowestoft is Lowestoft station which is 200 metres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
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 Flat 1, 3, Pier Terrace, Lowestoft, 56.0% of property is socially rented and 15.6% 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 Flat 1, 3, Pier Terrace, Lowestoft, 13.4% of residents are recorded as possessing school level qualifications and 13.3% 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 Flat 1, 3, Pier Terrace, Lowestoft, the average age was 41.9 and the most common age was 57.
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 Flat 1, 3, Pier Terrace, Lowestoft, 0.8% 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 Flat 1, 3, Pier Terrace, Lowestoft, there are an average of 0.6 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
