LANTERN COTTAGE, STATION ROAD, UPPER BROUGHTON, MELTON MOWBRAY, LE14 3BQ - £595,000

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

LANTERN COTTAGE is a large extended detached house of 221m², built sometime between 1991 and 1995. It was last sold for £595,000 in July 2022, which was around 29% above the average July 2022 detached price in the Rushcliffe local authority area. The most recent EPC inspection was March 2022, where the current energy rating was C, and the potential energy rating was C.

LANTERN COTTAGE Sold Prices

Land registry data shows three sales for LANTERN COTTAGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Rushcliffe local authority area for the corresponding sale date. Two of the three LANTERN COTTAGE sales were for above the average price, whilst one was 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
2022 8 JUL	£595,000	£460,796	29% above HPI
2004 8 OCT	£295,000	£265,119	11% above HPI
2001 9 NOV	£120,000	£162,951	26% below HPI

LANTERN COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rushcliffe local authority area over time, sourced from the HPI. The three LANTERN COTTAGE sales between November 2001 and July 2022 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 October 2004 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the July 2022 sale, where it rises to 29% above the HPI. The line then continues to track at 29% above the HPI.

How Large is LANTERN COTTAGE?

LANTERN COTTAGE is 221m², which includes two extensions, according to the EPC inspection conducted in March 2022. This puts it in the largest 40% of detached houses in Upper Broughton, based on EPC data. The below chart shows the distribution of detached houses by size in Upper Broughton, and where LANTERN COTTAGE lies on this distribution: 63% of detached houses are smaller than LANTERN COTTAGE, and 38% of houses are larger. Note that EPC data is not available for all properties in Upper Broughton.

LANTERN COTTAGE: Plot and Title Map

LANTERN COTTAGE sits on a plot of roughly 0.089 of an acre, or 361m². The below map shows the location of LANTERN COTTAGE, 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 LANTERN COTTAGE). 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 LANTERN COTTAGE?

LANTERN COTTAGE is located on STATION ROAD in UPPER BROUGHTON, in the LE14 postcode district. The below map shows the position of LANTERN COTTAGE on STATION ROAD.