LANTERNA, LINDEN CLOSE, THORNTON-CLEVELEYS, FY5 2RA - £525,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

LANTERNA is a very large extended detached house of 223m², built sometime between 1950 and 1966. It was last sold for £525,000 in October 2010, which was around 144% above the average October 2010 detached price in the Wyre local authority area. The most recent EPC inspection was January 2010, where the current energy rating was D, and the potential energy rating was C.

LANTERNA Sold Prices

Land registry data shows two sales for LANTERNA since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Wyre local authority area for the corresponding sale date. Both of the two LANTERNA sales were 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
2010 15 OCT	£525,000	£215,579	144% above HPI
2002 31 JAN	£170,000	£107,810	58% above HPI

LANTERNA Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wyre local authority area over time, sourced from the HPI. The two LANTERNA sales from January 2002 and October 2010 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 January 2002 sale was for 58% above the HPI. So the extrapolation line tracks at 58% above the HPI over time, until the October 2010 sale, where it rises to 144% above the HPI. The line then continues to track at 144% above the HPI.

How Large is LANTERNA?

LANTERNA is 223m², which includes two extensions, according to the EPC inspection conducted in January 2010. This puts it in the largest 10% of detached houses in Cleveleys, based on EPC data. The below chart shows the distribution of detached houses by size in Cleveleys, and where LANTERNA lies on this distribution: 93% of detached houses are smaller than LANTERNA, and 7% of houses are larger. Note that EPC data is not available for all properties in Cleveleys.

LANTERNA: Plot and Title Map

LANTERNA sits on a plot of roughly 0.174 of an acre, or 702m². The below map shows the location of LANTERNA, 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 LANTERNA). 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 LANTERNA?

LANTERNA is located on LINDEN CLOSE in THORNTON-CLEVELEYS, in the FY5 postcode district. The below map shows the position of LANTERNA on LINDEN CLOSE.