LANTERN HOUSE, TWO WAYS, LOXWOOD, BILLINGSHURST, RH14 0SD - £540,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

LANTERN HOUSE is a midsized detached house of 144m², built sometime between 1976 and 1982, which could now be worth an estimated £634,471. It was last sold for £540,000 in July 2019, which was around 11% below the average July 2019 detached price in the Chichester local authority area. The most recent EPC inspection was May 2022, where the current energy rating was D, and the potential energy rating was C.

LANTERN HOUSE Sold Prices

Land registry data shows three sales for LANTERN HOUSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Chichester local authority area for the corresponding sale date. Two of the three LANTERN HOUSE sales were for below the average price, whilst one was for above 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
2019 5 JUL	£540,000	£610,053	11% below HPI
2015 2 OCT	£450,000	£547,099	18% below HPI
1997 30 JUN	£160,000	£150,553	6% above HPI

LANTERN HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Chichester local authority area over time, sourced from the HPI. The three LANTERN HOUSE sales between June 1997 and July 2019 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 2015 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the July 2019 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might LANTERN HOUSE be worth now?

LANTERN HOUSE might now be worth an estimated £634,471.

This is based on house price inflation of 17.5%, between July 2019 and February 2025, for detached houses, in the Chichester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 17.5% inflationary increase is applied to the most recent sale price for LANTERN HOUSE of £540,000 on 5th July 2019. For the value to have increased from £540,000 to £634,471 over the six years and five months to February 2025, the following assumptions must hold true:

• The value of LANTERN HOUSE has moved in line with the HPI for detached houses in the Chichester local authority area.
• The July 2019 sale price of £540,000 represented a fair market value for the property.
• The size, condition, and specification of LANTERN HOUSE has not materially changed since July 2019.

How Large is LANTERN HOUSE?

LANTERN HOUSE is 144m² according to the EPC inspection conducted in May 2022. This puts it in the smallest 50% of detached houses houses in Loxwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Loxwood, and where LANTERN HOUSE lies on this distribution: 47% of detached houses houses are smaller than LANTERN HOUSE, and 52% of houses are larger. Note that EPC data is not available for all properties in Loxwood.

LANTERN HOUSE: Plot and Title Map

LANTERN HOUSE sits on a plot of roughly 0.228 of an acre, or 921m². The below map shows the location of LANTERN HOUSE, 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 HOUSE). 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 HOUSE?

LANTERN HOUSE is located on TWO WAYS in LOXWOOD, in the RH14 postcode district. The below map shows the position of LANTERN HOUSE on TWO WAYS.