Local market reports › NR area › NR32 › NR32 2
North Lowestoft market report NR32 2, Lowestoft
The NR32 2 (North Lowestoft) house price history in full, 1995 to 2026, in cash and in today's money. Underneath every chart here sit 5,242 registered sales in NR32 2 (Lowestoft) since 1995, the HM Land Registry record of what buyers really paid, with ONS figures covering rents. Nothing is a valuation, an estimate or an asking price.
Sales data to 2026. Rents: ONS, May 2026. Regenerated with every monthly data refresh.
In short: the middle 2026 sale in NR32 2 (Lowestoft) came in at £140,500, out of 50 registered, up 4% on five years earlier, and the mean stands at £159,400, and by floor area homes here have averaged about £1,980 per square metre over the last five years. The record behind it is 5,242 completed sales lodged with HM Land Registry since 1995, monthly refreshed, with no valuations or asking prices anywhere in the figures.
NR32 2 is one sector of NR32 (Lowestoft): a handful of streets, and the most local view the sold record can give. The price of that locality is lumpier charts, because each year's median rests on fewer sales.
Where NR32 2 sits
Shaded by median price on the same scale as the average prices map. Click any shape to open it on the live map with every sale plotted at its address, or zoom in past street level to see the sold homes right here.
What buyers actually paid in NR32 2
Take the 50 registered 2026 sales in NR32 2 and the middle price, the median, is £140,500. The mean lands at £159,400, somewhat above it, as happens wherever a market carries an expensive tail.
House prices per square metre in NR32 2
Averaged across five years of sales, floor space in NR32 2 costs about £1,980 per square metre. Each sale's Energy Performance Certificate supplies the floor area, and pricing by the metre is what lets flats and houses share one scale.
England and Wales as a whole trade at a £285,000 median, leaving NR32 2 51% below the national figure.
NR32 2's median sold price, 1995 to 2026
One line records the median as paid; the other restates every year in today's money via ONS CPIH, the honest measure of getting dearer. Hover for year figures, click the legend to isolate a line.
See this chart as a table
| Year | Median (cash) | Median (today's £) | Sales |
|---|---|---|---|
| 2026 | £140,500 | £140,500 | 50 |
| 2025 | £145,800 | £149,287 | 100 |
| 2024 | £141,200 | £150,125 | 110 |
| 2023 | £146,000 | £160,418 | 92 |
| 2022 | £154,800 | £181,521 | 154 |
| 2021 | £135,000 | £170,927 | 165 |
| 2020 | £119,500 | £155,054 | 108 |
| 2019 | £125,000 | £163,845 | 157 |
| 2018 | £119,000 | £158,629 | 134 |
| 2017 | £112,500 | £153,439 | 135 |
| 2016 | £104,000 | £145,497 | 176 |
| 2015 | £95,000 | £134,235 | 157 |
| 2014 | £100,000 | £141,867 | 169 |
| 2013 | £85,000 | £122,307 | 115 |
| 2012 | £86,000 | £126,581 | 113 |
| 2011 | £82,200 | £124,090 | 82 |
| 2010 | £85,200 | £133,616 | 96 |
| 2009 | £90,000 | £144,676 | 89 |
| 2008 | £102,200 | £167,527 | 112 |
| 2007 | £102,200 | £173,360 | 224 |
| 2006 | £91,000 | £157,964 | 236 |
| 2005 | £88,000 | £156,605 | 220 |
| 2004 | £79,000 | £143,479 | 231 |
| 2003 | £67,100 | £123,614 | 260 |
| 2002 | £54,000 | £101,601 | 312 |
| 2001 | £40,700 | £78,244 | 314 |
| 2000 | £34,000 | £66,725 | 248 |
| 1999 | £29,500 | £58,792 | 224 |
| 1998 | £28,500 | £57,529 | 168 |
| 1997 | £29,800 | £61,114 | 167 |
| 1996 | £28,800 | £60,738 | 180 |
| 1995 | £28,400 | £61,737 | 144 |
In cash terms the typical NR32 2 home went from £28,400 in 1995 to £140,500 in 2026, roughly 5 times the price. Even after inflation that is a real rise of about 128%: homes here genuinely became dearer, not merely more expensive on paper. The real-terms peak came in 2022, and today's median remains roughly 23% under it: a 2022 buyer is still waiting to get that price back in today's money.
Year-on-year change in the NR32 2 median
Each bar is the change on the year before, in cash. The zero line is the boundary between rising and falling.
The strongest year on record here is 2002 (+32.7% on the year before); the weakest, 2009 (−11.9%). Single-year swings like these are why the annualised table below matters more than any one year's headline.
Annualised returns
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 years (since 2025) | −3.6% | −5.9% |
| 5 years (since 2021) | +0.8% | −3.8% |
| 10 years (since 2016) | +3.1% | −0.3% |
| 20 years (since 2006) | +2.2% | −0.6% |
The table annualises median growth over each period, with the real column deflated by ONS CPIH. Smoothing hides the cycle (see the chart above for it), and none of this forecasts: it is the record.
The turnover behind the prices
Sales per year, counted
Each bar is a year's recorded sales. 2008's dip is the financial crisis, and the newest bar always grows for a while as late registrations arrive.
The register shows 50 NR32 2 sales across the most recent twelve months of data. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 256 sales a year before the financial crisis and 101 a year over the last five. Watch the volume as closely as the price. Thin years make jumpy medians, where one street's sales can move the figure, and the newest year is always incomplete because registrations trail completions by weeks or months.
The shape of the NR32 2 market
This is a thin market: 50 sales in the last twelve months of data. With that few transactions, one street selling well (or one block of cheap transfers) can move the median, so read the year lines as a range rather than a verdict. Within NR32, this sector trades 36% below the district median: one of its district's cheaper corners.
What homes rent for around NR32 2
For renting purposes NR32 2 sits in East Suffolk. The ONS average private rent there is £834 a month (May 2026). A one-bed averages £597 a month here and a four-or-more-bed £1,332, so size does most of the work in setting the rent.
Average monthly rent by size, East Suffolk
ONS Price Index of Private Rents, May 2026.
£834 a month is £10,008 a year, which against the £140,500 median sold price makes a gross yield of 7.1%. Gross means before letting costs, voids, maintenance and tax: treat it as a ceiling. The ONS publishes rents by local authority, so neighbouring districts under the same authority share these numbers.
Asked and answered: NR32 2 (North Lowestoft)
Are property prices falling in NR32 2 (North Lowestoft)?
Is NR32 2 (North Lowestoft) a good place to buy a house?
How much did a house sell for in NR32 2 (North Lowestoft)?
Where do NR32 2 prices go next?
Prediction is not this page's business. Its business is the record, which says: the median is up 4% over five years in cash but down 18% after inflation. Read the volume chart with the price chart before acting on either, remembering that registrations trail the deals themselves by weeks.
What is for sale in NR32 right now
Turning to what is actually available: 179 homes on the market right now, from 5 agents publishing to HomesIndex.
These cover the whole NR32 district, not just NR32 2: live asking prices are collected per district.
28% of what is on the market here is asking below what comparable homes actually sold for. Each listing is compared with recent recorded sales of similar homes nearby.
- North Parade, Lowestoft
- The Leas, Lowestoft, Lowestoft
- Pritchard Close, Oulton, Lowestoft, Lowestoft
"Under comparable sales" compares each asking price with what similar homes nearby actually sold for. It is a starting point for a conversation, not a valuation. Always look at the home itself.
See every NR32 home for sale on the map →
These asking prices come live from estate agents publishing feeds to HomesIndex, refreshed each Monday and Thursday. They are a sample of the market rather than its entirety, and an asking price is not a sale price.
Moving up a bedroom in NR: the cost
The Land Registry record, split by size: what each kind of home actually sold for across the NR area. How much a size step costs is a local fact: the third-bedroom premium runs from about a quarter to nearly four fifths depending on the area, and national rules of thumb miss it.
| Type | 1 bed | 2 bed | 3 bed | 4 bed | 5 bed |
|---|---|---|---|---|---|
| Detached | — | £280,000 | £375,246 (+34%) | £545,000 (+45%) | £750,000 (+38%) |
| Semi-detached | £210,000 | £245,000 (+17%) | £289,950 (+18%) | £375,000 (+29%) | £515,000 (+37%) |
| Terraced | £185,000 | £215,000 (+16%) | £245,000 (+14%) | £335,000 (+37%) | £423,750 (+26%) |
| Flat | £140,000 | £182,500 (+30%) | £280,000 (+53%) | — | — |
Medians of recorded sales over the last four years, by built form and bedroom count. Sold homes carry no advertised bedroom count, so sizes are estimated from their EPC records; a small number of homes will sit one size out. Blank cells mean too few homes for the figure to mean anything.
The risers and the fallers
The spread across the NR area is the point: the same five years treated these districts very differently.
Five-year change in the median, NR area districts
Cash-terms risers and fallers across the area; click any row for that district's full report.
Other sectors in NR32
A few minutes' walk can separate two very different markets. Here are NR32's other sectors, each with its own report:
| Sector | Median (latest) | Sales that year |
|---|---|---|
| NR32 1 | £125,000 | 20 |
| NR32 3 | £239,000 | 52 |
| NR32 4 | £255,000 | 81 |
| NR32 5 | £290,000 | 20 |
Zoom out to the full NR32 district report for the type split, monthly volumes and how NR32 compares with its neighbours.
Selling in NR32 2? Start from the sold record
Start from what homes here actually sold for, not an estimate. Before booking a house valuation or flat valuation in NR32 2, use the average prices map for a rough value: zoom from NR32 2's shading down to the sold homes on your own street. The figures above are every recorded NR32 2 sale; agents price with this same Land Registry record, and now you have it too.
For local estate agents: each district report carries one featured-agent spot, free while founding places last. Claim NR32 2.
Dig further
Answers come from the same Land Registry data behind this report, and the AI knows you are asking about NR32 2. Free, with a one click sign in.
Two maps carry on from here: every NR32 2 sale at its exact address, and the average prices map from area shading down to single homes. The report tool answers a specific question in writing, and each sale's mortgage and rent calculator prices a real purchase.
How this page is made: the statistics are computed from HM Land Registry Price Paid Data (Crown copyright, OGL v3.0), geocoded to address level; inflation adjustment uses the ONS CPIH index; rents are the ONS Price Index of Private Rents at local-authority level. Medians of recorded sales, not valuations. Nothing on this page is financial advice.