Flat 1, 42
Flat 1, 42
Description & Estimates
According to the public record, Flat 1, 42, Marine Parade, Lowestoft is a period apartment with 473 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, 42, Marine Parade, Lowestoft is £60,253 and the estimated rental value is £348 per month.
The apartment is within 42, Marine Parade, Lowestoft, NR33.
Marine Parade, Lowestoft, NR33 is located in the borough of East Suffolk within the NR33 postal district.
Our Data Sources
Flat 1, 42, Marine Parade, Lowestoft has no records in the the Land Registry and a single entry in the EPC database dated March 2020.
We combine this information with public data 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
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, 42, Marine Parade, Lowestoft is in very good condition we estimate a sale value of £63,265 and a rental value of £366 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £56,035 and a rental value of £324 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of Flat 1, 42, Marine Parade, Lowestoft has dropped by £41 (0.1%), while its estimated rental value has risen by £15 per month (4.2%). Based on current estimates, the property offers a gross rental yield of 6.9%.
Energy Efficiency
Flat 1, 42, Marine Parade, Lowestoft has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 24 Mar 2020.
The property is connected to mains gas and has partial double glazing. It is heated using Boiler and radiators, mains gas.
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to Flat 1, 42, Marine Parade, Lowestoft within a radius of 660 metres over the last 2 years.
The most recent example is Flat 1, 31, St. Johns Road, Lowestoft, NR33 0PH, a leasehold flat which sold for £50,000 on the 23rd October 2014.
Read more about house prices in NR33.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Marine Parade, Lowestoft, NR33 has a total of 122 addresses. According to our analysis of all the public data, Flat 1, 42, Marine Parade, Lowestoft is the 73rd largest and the 96th most expensive property on the street.
When compared to the postcode district it is £173k less expensive than the average property in NR33.
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Schools Nearby
- 700mRed Oak Primary School
- 1.0kmPhoenix St Peter Academy
- 1.0kmSt Mary's Roman Catholic Primary School
- 1.3kmEast Point Academy
- 2.2kmOrmiston Denes Academy
- 2.7kmPakefield High School
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Public Transport Nearby
The closest station to Flat 1, 42, Marine Parade, Lowestoft is Lowestoft station, which is 600 metres away.
- 600mLowestoft
- 2.3kmOulton Broad North
- 2.7kmOulton Broad South
Available Internet Speeds
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.
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be low.
