Flat 3, 42
Flat 3, 42
Description & Estimates
Flat 3, 42, Marine Parade, Lowestoft is described in the public record as a period apartment with 387 ft2 of internal area.
Locally, apartments of this size normally have 1 bedroom.
Our estimate of the sale value of Flat 3, 42, Marine Parade, Lowestoft is £55,381 and its rental estimate is £325 per month, given the available information and assuming reasonable condition.
42, Marine Parade is a residential building on Marine Parade, Lowestoft, NR33 and falls within the NR33 postal district and the borough of East Suffolk.
Our Data Sources
Flat 3, 42, Marine Parade, Lowestoft has no records in the the Land Registry and a single entry in the EPC database dated January 2017.
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
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, 42, Marine Parade, Lowestoft, we estimate a market value of £58,150 and a rental value of £341 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £51,504 and £302 per month respectively.
Recent Market Change
Over the last year, Flat 3, 42, Marine Parade, Lowestoft has seen its estimated sale value move down by £93 (0.2%) and its estimated rental value increase by £13 per month (4.1%). This results in an estimated gross rental yield of 7.0%.
Energy Efficiency
Flat 3, 42, Marine Parade, Lowestoft has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 06 Jan 2017.
The property is not connected to mains gas and has partial double glazing. It is heated using Electric storage heaters.
Similar Properties Sold Nearby
Over the past 2 years 1 property similar to Flat 3, 42, Marine Parade, Lowestoft has sold within a radius of 660 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 1st April 2021, was Flat 2, 37, Marine Parade, Lowestoft, NR33 0QN, a leasehold flat which sold for £150,000.
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
Of the 122 addresses on Marine Parade, Lowestoft, NR33, Flat 3, 42, Marine Parade, Lowestoft comes out as the 96th largest and the 107th most expensive in our analysis of the public data.
It is also £178k less expensive than the average property across the NR33 district.
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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
From Flat 3, 42, Marine Parade, Lowestoft, the nearest station is Lowestoft, 600 metres away.
- 600mLowestoft
- 2.3kmOulton Broad North
- 2.7kmOulton Broad South
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated low, based on Environment Agency data.
