LUCERNE, RED HILL LANE, WORCESTER, WR5 2JL - £825,000

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

LUCERNE is a very large detached house of 231m², built sometime before 1900. It was last sold for £825,000 in June 2019, which was around 142% above the average June 2019 detached price in the Worcester local authority area. The most recent EPC inspection was July 2016, where the current energy rating was E, and the potential energy rating was C.

LUCERNE Sold Prices

Land registry data shows four sales for LUCERNE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Worcester local authority area for the corresponding sale date. All of the four LUCERNE 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
2019 10 JUN	£825,000	£341,271	142% above HPI
2006 7 APR	£595,000	£254,290	134% above HPI
1998 26 JUN	£290,000	£99,238	192% above HPI
1996 30 MAY	£205,000	£80,564	154% above HPI

LUCERNE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Worcester local authority area over time, sourced from the HPI. The four LUCERNE sales between May 1996 and June 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 April 2006 sale was for 134% above the HPI. So the extrapolation line tracks at 134% above the HPI over time, until the June 2019 sale, where it rises to 142% above the HPI. The line then continues to track at 142% above the HPI.

How Large is LUCERNE?

LUCERNE is 231m² according to the EPC inspection conducted in July 2016. This puts it in the largest 10% of detached houses in Worcester, based on EPC data. The below chart shows the distribution of detached houses by size in Worcester, and where LUCERNE lies on this distribution: 98% of detached houses are smaller than LUCERNE, and 2% of houses are larger. Note that EPC data is not available for all properties in Worcester.

LUCERNE: Plot and Title Map

LUCERNE sits on a plot of roughly 0.499 of an acre, or 2,019m². The below map shows the location of LUCERNE, 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 LUCERNE). 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 LUCERNE?

LUCERNE is located on RED HILL LANE in WORCESTER, in the WR5 postcode district. The below map shows the position of LUCERNE on RED HILL LANE.