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

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 HOUSE is a midsized detached house of 144m², built sometime between 1976 and 1982. It was last sold for £540,000 in July 2019, which was around 10% 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	£596,989	10% below HPI
2015 2 OCT	£450,000	£535,382	16% below HPI
1997 30 JUN	£160,000	£147,329	9% 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 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the July 2019 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

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 in Loxwood, based on EPC data. The below chart shows the distribution of detached houses by size in Loxwood, and where LANTERN HOUSE lies on this distribution: 45% of detached houses are smaller than LANTERN HOUSE, and 54% 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.