48, LANTERN CLOSE, BERKELEY, GL13 9DE - £296,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

48 LANTERN CLOSE is a very small detached house of 79m², built sometime between 1991 and 1995. It was last sold for £296,000 in June 2021, which was around 34% below the average June 2021 detached price in the Stroud local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was B.

48 LANTERN CLOSE Sold Prices

Land registry data shows five sales for 48 LANTERN CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Stroud local authority area for the corresponding sale date. All of the five 48 LANTERN 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
2021 11 JUN	£296,000	£445,368	34% below HPI
2014 4 DEC	£237,500	£338,148	30% below HPI
2006 25 MAY	£208,500	£291,659	29% below HPI
2000 30 OCT	£115,000	£167,203	31% below HPI
1996 2 FEB	£72,500	£91,510	21% below HPI

48 LANTERN CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Stroud local authority area over time, sourced from the HPI. The five 48 LANTERN CLOSE sales between February 1996 and June 2021 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 December 2014 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the June 2021 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 48 LANTERN CLOSE?

48 LANTERN CLOSE is 79m² according to the EPC inspection conducted in October 2013. This puts it in the smallest 20% of detached houses in Berkeley, based on EPC data. The below chart shows the distribution of detached houses by size in Berkeley, and where 48 LANTERN CLOSE lies on this distribution: 11% of detached houses are smaller than 48 LANTERN CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Berkeley.

48 LANTERN CLOSE: Plot and Title Map

48 LANTERN CLOSE sits on a plot of roughly 0.042 of an acre, or 169m². The below map shows the location of 48 LANTERN 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 48 LANTERN 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 48 LANTERN CLOSE?

48 LANTERN CLOSE is located in BERKELEY, in the GL13 postcode district. The below map shows the position of No. 48 on LANTERN CLOSE.