Average Price for property in Lowestoft is around £165,317 which varies based on type of property you are interested in and ranges from £230,548 for detached house to around £154,981 for semi-detached. Similarly terraced house is around £116,577 and a flat is worth £102,968. Values have been changing and have risen £1,897 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,244 in last 6 months, £13,072 in last 1 year, £21,904 in last 2 years, £25,234 in last 3 years, £20,636 in last 4 years and £21,154 in last 5 years.
Currently average asking price of a property in Lowestoft is around £183,841 based on approximately 1,177 properties for sale. Same is the case with rental options based on 142 properties up for rent, average asking rent is around £732 per month.
Estimated property value in Lowestoft is £165,317. Average asking price is £183,841 while average price paid is £148,875 which is up by £13,072 and Avg. asking rent £732.Based on an Online Survey
Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Lowestoft area. In last 1 year alone average price buyer paid is around £148,875 based on approximately 1,177 sales in Lowestoft area alone. If you compare it to last 3 years sales of 3,370 properties where buyers paid around £144,435. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £143,138 for 5,339 and average amount paid for purchase of approx. 7,194 properties sold in last 7 years comes to about £143,232 per sale.