According to the public record, 16, Lowestoft Road, Great Yarmouth is a period freehold house with 1,033 ft2 of internal area.
Houses of this size in this area normally have 3 bedrooms with a garden.
Lowestoft Road, Hopton, Great Yarmouth, NR31 is located in the borough of Great Yarmouth within the NR31 postal district.
16, Lowestoft Road, Great Yarmouth has a single entry in the Land Registry database from March 2023 and a single entry in the EPC database dated March 2023.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 16 Lowestoft Road Great Yarmouth as £354,140 and the rental value as £1,165 per month giving an expected gross yield of 3.9%.
Over the last 12 months the sale value of 16 Lowestoft Road Great Yarmouth has increased by £3,627 (1.0%) and its rental value has increased by £29 per month (2.5%).
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 16, Lowestoft Road, Great Yarmouth is in very good condition we estimate a sale value of £371,847 and rental value of £1,224 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £329,351 and a rental value of £1,084 per month.
If you were able to purchase this property for the estimated value of £354,140, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,740 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 16, Lowestoft Road, Great Yarmouth was last sold on 17 Mar 2023 for £362,500 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Mar 2023, the market for similar properties has dropped 0.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, Lowestoft Road, Great Yarmouth within a radius of 1.8 kilometres over the last 2 years.
The most recent example is 24, Lowestoft Road, Great Yarmouth, NR31 9WL, a Freehold house which sold for £375,000 in Apr 2023.
Read more about house prices in NR31.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lowestoft Road, Hopton, Great Yarmouth, NR31 has a total of 48 addresses. According to our analysis of all the public data, 16, Lowestoft Road, Great Yarmouth is the 15th largest and the 8th most expensive property on the street.
When compared to the postcode district it is £126k more expensive than the average property in NR31.
16, Lowestoft Road, Great Yarmouth has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 14 Mar 2023.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 16, Lowestoft Road, Great Yarmouth is Somerleyton station which is 5.8 kilometres away.
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 16, Lowestoft Road, Great Yarmouth, 50.0% of property is privately owned outright and 41.5% is privately owned with a mortgage.
The graph below shows how this compares to Greater London 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 16, Lowestoft Road, Great Yarmouth, 21.6% of residents are recorded as possessing school level qualifications and 20.8% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 16, Lowestoft Road, Great Yarmouth, the average age was 44.4 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 16, Lowestoft Road, Great Yarmouth, 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 16, Lowestoft Road, Great Yarmouth, there are an average of 1.7 cars per household.
See below for how this compares to East of England and the rest of England & Wales.