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House Prices in NR32

The average house price in NR32 (Lowestoft) is £229,986 using HM Land Registry data.

The average property price increased by £30,454 (30.75%) over the last 5 years and increased by £6,102 (4.5%) over the last 12 months.

Over the last year, there were 389 residential property sales – a decrease of 114 transactions (-29.31%) relative to the previous year. The majority of house sales (87) were in the £120,000 - £168,000 range. Then came properties in the £168,000 - £216,000 range, where 84 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 176 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,091 (-2%).

In March 2025, there were 129 new estate agency instructions, 77 agreed home sales and 85 property price reductions.

5-Year Average Property Prices in NR32 (Lowestoft)

30.75%

Property prices in NR32 (Lowestoft) increased by 30.75% 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 NR32 (Lowestoft) Over the Last Year

4.5%

Property prices in NR32 (Lowestoft) increased by 4.5% 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.

Property Market Heat Gauge for NR32 (Lowestoft) - March 2025

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 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer 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 NR32 (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 NR32 (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 NR32 (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 NR32 (Lowestoft) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NR32 postcode area since 1995.

Recent Sales in NR32 (Lowestoft)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
11 Jacobs Street, Lowestoft, Suffolk, NR32 2LN	£150,000	£147,500	-£2,500	15 Nov 2024	24 Feb 2025	101 Days
7 Raglan Street, Lowestoft, Suffolk, NR32 2JP	£80,000	£80,000	£0	06 Dec 2024	21 Feb 2025	77 Days
2 Allen Road, Lowestoft, Suffolk, NR32 3PD	£200,000	£175,000	-£25,000	11 May 2022	21 Feb 2025	1017 Days
11 Regan Close, Lowestoft, Suffolk, NR32 4WY	£200,000	£196,000	-£4,000	04 Jun 2024	21 Feb 2025	262 Days
11 Astbury Road, Lowestoft, Suffolk, NR32 4NP	£160,000	£150,000	-£10,000	27 Sep 2024	17 Feb 2025	143 Days
19 Wainwright Close, Lowestoft, Suffolk, NR32 4WG	£200,000	£195,000	-£5,000	28 Oct 2024	14 Feb 2025	109 Days
73 Montgomery Avenue, Lowestoft, Suffolk, NR32 4DU	£200,000	£197,500	-£2,500	22 Jul 2024	14 Feb 2025	207 Days
300 Normanston Drive, Lowestoft, Suffolk, NR32 2PS	£250,000	£250,000	£0	15 Aug 2024	06 Feb 2025	175 Days
32 Diprose Drive, Lowestoft, Suffolk, NR32 4GB	£220,000	£218,000	-£2,000	19 Aug 2024	03 Feb 2025	168 Days
18 Pleasurewood Close, Lowestoft, Suffolk, NR32 4NR	£285,000	£280,000	-£5,000	21 Feb 2024	03 Feb 2025	348 Days
47 Norwich Road, Lowestoft, Suffolk, NR32 2BJ	£140,000	£140,000	£0	03 Oct 2024	31 Jan 2025	120 Days
56 Tennyson Road, Lowestoft, Suffolk, NR32 1PS	£110,000	£110,000	£0	25 Sep 2024	31 Jan 2025	128 Days
185 Oulton Road, Lowestoft, Suffolk, NR32 4QT	£225,000	£220,000	-£5,000	26 Sep 2024	29 Jan 2025	125 Days
2 Sanders Close, Lowestoft, Suffolk, NR32 4RJ	£260,000	£248,000	-£12,000	26 Sep 2024	27 Jan 2025	123 Days
151 Normanston Drive, Lowestoft, Suffolk, NR32 2PY	£240,000	£232,500	-£7,500	19 Sep 2024	24 Jan 2025	127 Days
66 Lakeside Rise, Blundeston, Lowestoft, Suffolk, NR32 5BD	£250,000	£241,000	-£9,000	15 Jul 2024	24 Jan 2025	193 Days
Flat 50, Everitt Court, Swonnells Walk, Lowestoft, Suffolk, NR32 3PZ	£380,000	£380,000	£0	17 Jul 2024	16 Jan 2025	183 Days
67 Claydon Drive, Lowestoft, Suffolk, NR32 3DZ	£350,000	£350,000	£0	05 Jul 2024	10 Jan 2025	189 Days
69 Claydon Drive, Lowestoft, Suffolk, NR32 3DZ	£280,000	£260,000	-£20,000	27 Jun 2024	10 Jan 2025	197 Days
119 St Margarets Road, Lowestoft, Suffolk, NR32 4HT	£120,000	£115,000	-£5,000	19 Aug 2024	07 Jan 2025	141 Days

Most Expensive Streets in NR32 (Lowestoft)

Postcode	Street	Area	Average	No. of Sales
NR32 3PU	Hall Drive	Lowestoft	£688,333	3
NR32 3PL	Broadview Road	Lowestoft	£665,312	8
NR32 4NU	Glebe Close	Lowestoft	£633,333	3
NR32 3PW	Borrow Road	Lowestoft	£628,571	7
NR32 5QB	Pond Cottages, Somerleyton	Lowestoft	£613,833	6
NR32 3PE	Pegasus Mews	Lowestoft	£582,500	4
NR32 4PS	Corton Road	Lowestoft	£555,000	3
NR32 5HB	Corton Long Lane, Corton	Lowestoft	£536,243	8
NR32 4PP	Corton Road	Lowestoft	£534,000	3
NR32 3PJ	Romany Road	Lowestoft	£530,000	4

Least Expensive Streets in NR32 (Lowestoft)

Postcode	Street	Area	Average	No. of Sales
NR32 5HS	Waterside Park, The Street, Corton	Lowestoft	£66,428	7
NR32 2AB	Bevan Street West	Lowestoft	£90,333	3
NR32 2AF	Bevan Street West	Lowestoft	£91,000	5
NR32 1QE	St Peters Street	Lowestoft	£91,500	3
NR32 1XB	Spurgeon Score	Lowestoft	£99,100	5
NR32 4TX	Kelly Pain Court	Lowestoft	£99,125	4
NR32 4HS	St Margarets Road	Lowestoft	£100,800	5
NR32 2JP	Raglan Street	Lowestoft	£100,833	3
NR32 1PN	Adrian Court	Lowestoft	£102,000	5
NR32 2DH	Roman Road	Lowestoft	£105,333	3