178, LUCERNE CLOSE, CAMBRIDGE, CB1 9SB - £122,500

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.

178 LUCERNE CLOSE is a very small flat of 25m², built sometime between 1983 and 1990, which could now be worth an estimated £115,304. It was last sold for £122,500 in January 2024, which was around 40% below the average January 2024 flat price in the South Cambridgeshire local authority area. The most recent EPC inspection was September 2022, where the current energy rating was C, and the potential energy rating was C.

178 LUCERNE CLOSE Sold Prices

Land registry data shows two sales for 178 LUCERNE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average flat price in the South Cambridgeshire local authority area for the corresponding sale date. Both of the two 178 LUCERNE CLOSE 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
2024 5 JAN	£122,500	£203,927	40% below HPI
1999 21 MAY	£42,000	£58,072	28% below HPI

What might 178 LUCERNE CLOSE be worth now?

178 LUCERNE CLOSE might now be worth an estimated £115,304.

This is based on house price deflation of 5.9%, between January 2024 and May 2026, for flats, in the South Cambridgeshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 5.9% deflationary decrease is applied to the most recent sale price for 178 LUCERNE CLOSE of £122,500 on 5th January 2024. For the value to have decreased from £122,500 to £115,304 over the one year and eight months to May 2026, the following assumptions must hold true:

• The value of 178 LUCERNE CLOSE has moved in line with the HPI for flats in the South Cambridgeshire local authority area.
• The January 2024 sale price of £122,500 represented a fair market value for the property.
• The size, condition, and specification of 178 LUCERNE CLOSE has not materially changed since January 2024.

How Large is 178 LUCERNE CLOSE?

178 LUCERNE CLOSE is 25m² according to the EPC inspection conducted in September 2022. This puts it in the smallest 10% of flats in Cambridge, based on EPC data. 2% of flats are smaller than 178 LUCERNE CLOSE, and 97% of flats are larger. Note that EPC data is not available for all properties in Cambridge.

178 LUCERNE CLOSE: Plot

178 LUCERNE CLOSE sits on a plot of roughly 0.912 of an acre, or 3,692m².

Where is 178 LUCERNE CLOSE?

178 LUCERNE CLOSE is located in CAMBRIDGE, in the CB1 postcode district.