2, LUCERNE CLOSE, COVENTRY, CV2 1SE - £325,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 LUCERNE CLOSE is a small detached house of 94m², built sometime between 1996 and 2002, which could now be worth an estimated £349,209. It was last sold for £325,000 in December 2023, which was around 16% below the average December 2023 detached price in the Coventry local authority area. The most recent EPC inspection was February 2014, where the current energy rating was D, and the potential energy rating was B.

2 LUCERNE CLOSE Sold Prices

Land registry data shows three sales for 2 LUCERNE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Coventry local authority area for the corresponding sale date. All of the three 2 LUCERNE CLOSE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2023 8 DEC	£325,000	£386,248	16% below HPI
2005 11 AUG	£172,000	£210,961	18% below HPI
2001 19 DEC	£118,000	£128,224	8% below HPI

2 LUCERNE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Coventry local authority area over time, sourced from the HPI. The three 2 LUCERNE CLOSE sales between December 2001 and December 2023 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the August 2005 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the December 2023 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 2 LUCERNE CLOSE be worth now?

2 LUCERNE CLOSE might now be worth an estimated £349,209.

This is based on house price inflation of 7.4%, between December 2023 and December 2024, for detached houses, in the Coventry local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 7.4% inflationary increase is applied to the most recent sale price for 2 LUCERNE CLOSE of £325,000 on 8th December 2023. For the value to have increased from £325,000 to £349,209 over the one year to December 2024, the following assumptions must hold true:

• The value of 2 LUCERNE CLOSE has moved in line with the HPI for detached houses in the Coventry local authority area.
• The December 2023 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 2 LUCERNE CLOSE has not materially changed since December 2023.

How Large is 2 LUCERNE CLOSE?

2 LUCERNE CLOSE is 94m² according to the EPC inspection conducted in February 2014. This puts it in the smallest 30% of detached houses houses in Coventry, based on EPC data. The below chart shows the distribution of detached houses houses by size in Coventry, and where 2 LUCERNE CLOSE lies on this distribution: 29% of detached houses houses are smaller than 2 LUCERNE CLOSE, and 71% of houses are larger. Note that EPC data is not available for all properties in Coventry.

2 LUCERNE CLOSE: Plot and Title Map

2 LUCERNE CLOSE sits on a plot of roughly 0.077 of an acre, or 311m². The below map shows the location of 2 LUCERNE CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 2 LUCERNE CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 2 LUCERNE CLOSE?

2 LUCERNE CLOSE is located in COVENTRY, in the CV2 postcode district. The below map shows the position of No. 2 on LUCERNE CLOSE.