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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
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Flat 3, 41, Milton Road East, Lowestoft appears in the public record as a leasehold apartment.
We estimate it to be a period apartment with 525 ft2 of internal area by comparing it to nearby properties.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 3, 41, Milton Road East, Lowestoft is £99,664 and its rental estimate is £524 per month, given the available information and assuming reasonable condition.
41, Milton Road East is a residential building on Milton Road East, Lowestoft, NR32 and falls within the NR32 postal district and the borough of East Suffolk.
Flat 3, 41, Milton Road East, Lowestoft has 41 entries in the Land Registry , most recently in June 2008 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
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 Flat 3, 41, Milton Road East, Lowestoft, we estimate a market value of £104,647 and a rental value of £550 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £92,687 and £487 per month respectively.
Over the last year, Flat 3, 41, Milton Road East, Lowestoft has seen its estimated sale value decrease by £212 (0.2%) and its estimated rental value grow by £22 per month (4.2%). This results in an estimated gross rental yield of 6.3%.
The most recent sale of Flat 3, 41, Milton Road East, Lowestoft completed on 3rd June 2008 at £61,200 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold 4 times.
Values of comparable properties have risen by 25.8% over the period since June 2008.
Over the past 2 years 3 properties similar to Flat 3, 41, Milton Road East, Lowestoft have sold within a radius of 400 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 19th March 2024, was 32A, Alexandra Road, Lowestoft, NR32 1PJ, a leasehold flat which sold for £125,000.
Read more about house prices in NR32.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 52 addresses on Milton Road East, Lowestoft, NR32, Flat 3, 41, Milton Road East, Lowestoft comes out as the 28th largest and the 26th most expensive in our analysis of the public data.
It is also £128k less expensive than the average property across the NR32 district.
From Flat 3, 41, Milton Road East, Lowestoft, the nearest station is Lowestoft, 500 metres away.
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 3, 41, Milton Road East, Lowestoft, 45.0% of property is privately rented and 22.5% 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 3, 41, Milton Road East, Lowestoft, 16.3% of residents are recorded as possessing school level qualifications and 16.8% 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 3, 41, Milton Road East, Lowestoft, the average age was 37.7 and the most common age was 27.
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 3, 41, Milton Road East, 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 3, 41, Milton Road East, 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.
