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According to the public record, Flat 2, 2, Wellington Esplanade, Lowestoft is a period leasehold apartment with 452 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 2, 2, Wellington Esplanade, Lowestoft is £280,980 and the estimated rental value is £1,113 per month.
The apartment is within 2, Wellington Esplanade, Lowestoft, NR33.
Wellington Esplanade, Lowestoft, NR33 is located in the borough of East Suffolk within the NR33 postal district.
Flat 2, 2, Wellington Esplanade, Lowestoft has a single entry in the Land Registry from March 2011 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 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 2, 2, Wellington Esplanade, Lowestoft is in very good condition we estimate a sale value of £295,029 and a rental value of £1,169 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £261,311 and a rental value of £1,035 per month.
Over the last 12 months the sale value of Flat 2 2 Wellington Esplanade Lowestoft has decreased by an estimated £3,457 (1.2%) and its rental value has increased by an estimated £34 per month (3.0%), giving an expected gross yield of 4.8%.
Flat 2, 2, Wellington Esplanade, Lowestoft has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 23 Feb 2021.
The property is connected to mains gas and has single glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, Flat 2, 2, Wellington Esplanade, Lowestoft was last sold on 18th March 2011 for £235,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since March 2011, the market for similar properties has risen 54.5%
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to Flat 2, 2, Wellington Esplanade, Lowestoft within a radius of 550 metres over the last 2 years.
The most recent example is Flat 2, 21, Wellington Esplanade, Lowestoft, NR33 0QQ, a leasehold flat which sold for £88,000 on the 8th September 2017.
Read more about house prices in NR33.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wellington Esplanade, Lowestoft, NR33 has a total of 82 addresses. According to our analysis of all the public data, Flat 2, 2, Wellington Esplanade, Lowestoft is the 70th largest and the 54th most expensive property on the street.
When compared to the postcode district it is £49k more expensive than the average property in NR33.
The closest station to Flat 2, 2, Wellington Esplanade, Lowestoft is Lowestoft station which is 900 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 2, 2, Wellington Esplanade, Lowestoft, 77.4% of property is privately rented and 14.8% is privately owned outright.
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 2, 2, Wellington Esplanade, Lowestoft, 8.5% of residents are recorded as possessing school level qualifications and 21.7% 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 2, 2, Wellington Esplanade, 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 2, 2, Wellington Esplanade, 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 Flat 2, 2, Wellington Esplanade, 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.
