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

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

THE LANTERN is a very small extended semi-detached house of 61m², built sometime between 1983 and 1990. It was last sold for £185,000 in November 2004, which was around 29% below the average November 2004 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 detached price in the Cornwall local authority area for the corresponding sale date. All of the four THE LANTERN sales were for below 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	£261,265	29% below HPI
2001 12 JAN	£95,000	£118,375	20% below HPI
1999 26 NOV	£69,950	£101,894	31% below HPI
1996 15 NOV	£43,000	£75,607	43% below HPI

THE LANTERN Price Paid vs. HPI Average

The below graph shows the average 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 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the November 2004 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

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 detached houses in St Austell, based on EPC data. The below chart shows the distribution of detached houses by size in St Austell, and where THE LANTERN lies on this distribution: 2% of detached 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.