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Lowestoft House Prices Lowestoft House Prices

The average house price in Lowestoft is £230,000 using HM Land Registry data.

The average property price increased by £73,098 (39.42%) over the last 5 years and increased by £14,609 (5.99%) over the last 12 months.

Over the last year, there were 743 residential property sales – a decrease of 398 transactions (-53.57%) relative to the previous year. The majority of house sales (160) were in the £168,000 - £216,000 range. Then came properties in the £120,000 - £168,000 range, where 142 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 66 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,053 (-2%).

In April 2024, there were 184 new estate agency instructions, 106 agreed home sales and 155 property price reductions.

Postcodes Covered: NR32, NR33

5-Year Average Property Prices in Lowestoft

39.42%

Property prices in Lowestoft increased by 39.42% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Lowestoft Over the Last Year

5.99%

Property prices in Lowestoft increased by 5.99% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Lowestoft - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Lowestoft

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Lowestoft

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Lowestoft

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Lowestoft since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Lowestoft area since 1995.

Recent Property Sales in Lowestoft

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
1 Foxes Walk, Lowestoft, Suffolk, NR32 4TG£400,000£378,000-£22,00022 Sep 202322 Mar 2024182 Days
3 Jasmine Green, Lowestoft, Suffolk, NR32 2SW£190,000£190,000£0012 Dec 202311 Mar 202490 Days
61 Morton Road, Lowestoft, Suffolk, NR33 0JH£220,000£200,000-£20,00028 Sep 202308 Mar 2024162 Days
3 Broadland Close, Lowestoft, Suffolk, NR33 8QZ£295,000£285,000-£10,00025 Jul 202307 Mar 2024226 Days
26 Rosedale Gardens, Lowestoft, Suffolk, NR33 9EL£200,000£200,000£0016 Oct 202304 Mar 2024140 Days
146 Colville Road, Lowestoft, Suffolk, NR33 9QZ£250,000£245,000-£5,00007 Nov 202301 Mar 2024115 Days
56 London Road Pakefield, Lowestoft, Suffolk, NR33 7AQ£350,000£321,000-£29,00020 Jul 202328 Feb 2024223 Days
55 Blackheath Road, Lowestoft, Suffolk, NR33 7JE£175,000£165,000-£10,00008 Sep 202327 Feb 2024172 Days
17 Sharon Drive, Lowestoft, Suffolk, NR32 4EE£285,000£285,000£0019 Oct 202326 Feb 2024130 Days
30 Southwell Road, Lowestoft, Suffolk, NR33 0RN£150,000£147,000-£3,00004 Oct 202319 Feb 2024138 Days
24 St Leonards Road, Lowestoft, Suffolk, NR33 0EJ£180,000£177,500-£2,50010 Oct 202319 Feb 2024132 Days
1 Wayne Close, Lowestoft, Suffolk, NR32 4SX£360,000£352,000-£8,00019 Sep 202319 Feb 2024153 Days
21 Rumburgh Road, Lowestoft, Suffolk, NR32 4JL£189,995£189,995£0012 Sep 202319 Feb 2024160 Days
48 Lovewell Road, Lowestoft, Suffolk, NR33 0RQ£155,000£153,500-£1,50021 Sep 202312 Feb 2024144 Days
18 Plumtrees, Lowestoft, Suffolk, NR32 3JH£225,000£205,000-£20,00002 Nov 202309 Feb 202499 Days
2 Monckton Avenue, Lowestoft, Suffolk, NR32 3EG£340,000£320,000-£20,00029 Apr 202307 Feb 2024284 Days
171 Colville Road, Lowestoft, Suffolk, NR33 9RE£300,000£292,500-£7,50027 Oct 202302 Feb 202498 Days
14 St Leonards Road, Lowestoft, Suffolk, NR33 0EJ£90,000£90,000£0006 Oct 202302 Feb 2024119 Days
20 Hill Road, Lowestoft, Suffolk, NR32 2HR£170,000£163,000-£7,00004 Oct 202302 Feb 2024121 Days
5 Fern Avenue, Lowestoft, Suffolk, NR32 3JF£260,000£250,000-£10,00013 Sep 202302 Feb 2024142 Days

Most Expensive Streets in Lowestoft

PostcodeStreetAreaAverageNo. of Sales
NR32 3PLBroadview RoadLowestoft£696,4287
NR32 3PWBorrow RoadLowestoft£663,3336
NR32 3PUHall DriveLowestoft£661,2504
NR32 3PJRomany RoadLowestoft£564,0005
NR32 4PSCorton RoadLowestoft£555,0003
NR33 7LHThe AvenueLowestoft£534,0005
NR33 0DFKirkley Cliff RoadLowestoft£518,3333
NR32 5HBCorton Long LaneCorton£512,72711
NR32 4ABYarmouth RoadLowestoft£510,0006
NR32 3PTProspect RoadLowestoft£498,0006

Least Expensive Streets in Lowestoft

PostcodeStreetAreaAverageNo. of Sales
NR33 0BYKirkley CliffLowestoft£71,0805
NR32 4PBWedgewood CourtNorth Parade£77,3754
NR33 9JYMarsh RoadLowestoft£86,66612
NR32 2ABBevan Street WestLowestoft£90,3333
NR32 2AFBevan Street WestLowestoft£91,0006
NR32 1QESt Peters StreetLowestoft£91,5003
NR32 2NASt Peters StreetLowestoft£94,6663
NR32 2NZLove RoadLowestoft£94,8983
NR33 0LTClement SquareLowestoft£96,8333
NR32 1PNAdrian CourtLowestoft£97,8336

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