THE LANTERNS, VILLAGE STREET, EDWALTON, NOTTINGHAM, NG12 4AE - £470,000

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

THE LANTERNS is a small extended detached house of 128m², built sometime between 1967 and 1975. It was last sold for £470,000 in July 2017, which was around 33% above the average July 2017 detached price in the Rushcliffe local authority area. The most recent EPC inspection was August 2023, where the current energy rating was C, and the potential energy rating was B.

THE LANTERNS Sold Prices

Land registry data shows three sales for THE LANTERNS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Rushcliffe local authority area for the corresponding sale date. Two of the three THE LANTERNS sales were for above the average price, whilst one was 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
2017 11 JUL	£470,000	£352,927	33% above HPI
2009 1 OCT	£370,000	£258,729	43% above HPI
2001 8 MAR	£145,000	£146,703	1% below HPI

THE LANTERNS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rushcliffe local authority area over time, sourced from the HPI. The three THE LANTERNS sales between March 2001 and July 2017 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 2009 sale was for 43% above the HPI. So the extrapolation line tracks at 43% above the HPI over time, until the July 2017 sale, where it falls to 33% above the HPI. The line then continues to track at 33% above the HPI.

How Large is THE LANTERNS?

THE LANTERNS is 128m², which includes two extensions, according to the EPC inspection conducted in August 2023. This puts it in the smallest 40% of detached houses in Edwalton, based on EPC data. The below chart shows the distribution of detached houses by size in Edwalton, and where THE LANTERNS lies on this distribution: 37% of detached houses are smaller than THE LANTERNS, and 63% of houses are larger. Note that EPC data is not available for all properties in Edwalton.

THE LANTERNS: Plot and Title Map

THE LANTERNS sits on a plot of roughly 0.113 of an acre, or 456m². The below map shows the location of THE LANTERNS, 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 LANTERNS). 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 LANTERNS?

THE LANTERNS is located on VILLAGE STREET in EDWALTON, in the NG12 postcode district. The below map shows the position of THE LANTERNS on VILLAGE STREET.