According to the public record, 5, Market Lane, Lowestoft is a mid-century house with 462 ft2 of internal area.
Houses of this size in this area normally have 2 bedrooms with a garden.
Market Lane, Blundeston, Lowestoft, NR32 is located in the borough of East Suffolk within the NR32 postal district.
5, Market Lane, Lowestoft has no records in the Land Registry database and no records in the EPC database.
We combine this information with public data 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 5 Market Lane Lowestoft as £187,707 and the rental value as £676 per month giving an expected gross yield of 4.3%.
Over the last 12 months the sale value of 5 Market Lane Lowestoft has increased by £2,867 (1.5%) and its rental value has increased by £20 per month (3.0%).
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 5, Market Lane, Lowestoft is in very good condition we estimate a sale value of £197,092 and rental value of £710 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £174,567 and a rental value of £629 per month.
If you were able to purchase this property for the estimated value of £187,707, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £923 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 the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to 5, Market Lane, Lowestoft within a radius of 1.9km over the last 2 years.
The most recent example is 20, Earth Lane, Lowestoft, NR32 5LN, a Freehold house which sold for £125,000 in Jan 2019.
Read more about house prices in NR32.
Market Lane, Blundeston, Lowestoft, NR32 has a total of 64 addresses. According to our analysis of all the public data, 5, Market Lane, Lowestoft is the 62nd largest and the 60th most expensive property on the street.
When compared to the postcode district it is £37k less expensive than the average property in NR32.
5, Market Lane, Lowestoft has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 22 Dec 2015.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 5, Market Lane, Lowestoft is Somerleyton station which is 3.9 km 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 5, Market Lane, Lowestoft, 50.4% of property is privately owned outright and 31.7% 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 5, Market Lane, Lowestoft, 14.6% of residents are recorded as possessing school level qualifications and 23.1% 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 5, Market Lane, Lowestoft, the average age was 50.4 and the most common age was 72.
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 5, Market Lane, 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 5, Market Lane, Lowestoft, 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.