THE LANTERN, CLARENCE ROAD, ST. AUSTELL, PL25 5NL - £185,000

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.

THE LANTERN is a very small extended semi-detached house of 61m², built sometime between 1983 and 1990, which could now be worth an estimated £309,020. It was last sold for £185,000 in November 2004, which was around 7% above the average November 2004 semi-detached price in the Cornwall local authority area. The most recent EPC inspection was March 2011, where the current energy rating was D, and the potential energy rating was D.

THE LANTERN Sold Prices

Land registry data shows four sales for THE LANTERN since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Cornwall local authority area for the corresponding sale date. Most of the four THE LANTERN 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
2004 10 NOV	£185,000	£172,565	7% above HPI
2001 12 JAN	£95,000	£73,421	29% above HPI
1999 26 NOV	£69,950	£63,461	10% above HPI
1996 15 NOV	£43,000	£47,947	10% below HPI

THE LANTERN Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Cornwall local authority area over time, sourced from the HPI. The four THE LANTERN sales between November 1996 and November 2004 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 2001 sale was for 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the November 2004 sale, where it falls to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might THE LANTERN be worth now?

THE LANTERN might now be worth an estimated £309,020.

This is based on house price inflation of 67%, between November 2004 and February 2025, for semi-detached houses, in the Cornwall local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 67% inflationary increase is applied to the most recent sale price for THE LANTERN of £185,000 on 10th November 2004. For the value to have increased from £185,000 to £309,020 over the 21 years and nine months to February 2025, the following assumptions must hold true:

• The value of THE LANTERN has moved in line with the HPI for semi-detached houses in the Cornwall local authority area.
• The November 2004 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of THE LANTERN has not materially changed since November 2004.

How Large is THE LANTERN?

THE LANTERN is 61m², which includes one extension, according to the EPC inspection conducted in March 2011. This puts it in the smallest 10% of semi-detached houses houses in St Austell, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in St Austell, and where THE LANTERN lies on this distribution: 2% of semi-detached houses houses are smaller than THE LANTERN, and 98% of houses are larger. Note that EPC data is not available for all properties in St Austell.

THE LANTERN: Plot and Title Map

THE LANTERN sits on a plot of roughly 0.119 of an acre, or 480m². The below map shows the location of THE LANTERN, 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 THE LANTERN). 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 THE LANTERN?

THE LANTERN is located on CLARENCE ROAD in ST. AUSTELL, in the PL25 postcode district. The below map shows the position of THE LANTERN on CLARENCE ROAD.