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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, Flat 2, Gresham House, Lowestoft is a period leasehold apartment with 484 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, Gresham House, Lowestoft is £107,473 and the estimated rental value is £553 per month.
The apartment is within Gresham House, Esplanade, Lowestoft, NR33.
Esplanade, Lowestoft, NR33 is located in the borough of East Suffolk within the NR33 postal district.
Flat 2, Gresham House, Lowestoft has a single entry in the Land Registry from January 2018 and a single entry in the EPC database dated April 2017.
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, Gresham House, Lowestoft is in very good condition we estimate a sale value of £112,846 and a rental value of £580 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £99,950 and a rental value of £514 per month.
Over the last 12 months the sale value of Flat 2 Gresham House Lowestoft has decreased by an estimated £1,322 (1.2%) and its rental value has increased by an estimated £17 per month (3.0%), giving an expected gross yield of 6.2%.
Flat 2, Gresham House, Lowestoft has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 10 Apr 2017.
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 2, Gresham House, Lowestoft was last sold on 25th January 2018 for £125,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since January 2018, the market for similar properties has risen 25.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, Gresham House, Lowestoft within a radius of 620 metres over the last 2 years.
The most recent example is Flat 3, Gresham House, Esplanade, Lowestoft, NR33 0QG, a leasehold flat which sold for £90,000 on the 2nd June 2020.
Read more about house prices in NR33.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Esplanade, Lowestoft, NR33 has a total of 22 addresses. According to our analysis of all the public data, Flat 2, Gresham House, Lowestoft is the 21st largest and the 15th most expensive property on the street.
When compared to the postcode district it is £124k less expensive than the average property in NR33.
The closest station to Flat 2, Gresham House, Lowestoft is Lowestoft station which is 700 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.
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The recent census recorded whether a resident owned or rented their home.
In the area around Flat 2, Gresham House, Lowestoft, 68.6% of property is privately rented and 20.5% is socially rented.
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, Gresham House, Lowestoft, 3.8% of residents are recorded as possessing school level qualifications and 20.1% 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, Gresham House, 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, Gresham House, 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, Gresham House, Lowestoft, there are an average of 0.5 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
