40, LUCERNE CLOSE, CAMBRIDGE, CB1 9SA - £329,000

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.

40 LUCERNE CLOSE is a small terraced house of 69m², built sometime between 1983 and 1990, which could now be worth an estimated £361,935. It was last sold for £329,000 in April 2017, which was around 24% below the average April 2017 terraced price in the Cambridge local authority area. The most recent EPC inspection was December 2016, where the current energy rating was D, and the potential energy rating was B.

40 LUCERNE CLOSE Sold Prices

Land registry data shows one sale for 40 LUCERNE CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average terraced price in the Cambridge local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2017 21 APR	£329,000	£434,693	24% below HPI

What might 40 LUCERNE CLOSE be worth now?

40 LUCERNE CLOSE might now be worth an estimated £361,935.

This is based on house price inflation of 10%, between April 2017 and April 2026, for terraced houses, in the Cambridge local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 10% inflationary increase is applied to the most recent sale price for 40 LUCERNE CLOSE of £329,000 on 21st April 2017. For the value to have increased from £329,000 to £361,935 over the nine years to April 2026, the following assumptions must hold true:

• The value of 40 LUCERNE CLOSE has moved in line with the HPI for terraced houses in the Cambridge local authority area.
• The April 2017 sale price of £329,000 represented a fair market value for the property.
• The size, condition, and specification of 40 LUCERNE CLOSE has not materially changed since April 2017.

How Large is 40 LUCERNE CLOSE?

40 LUCERNE CLOSE is 69m² according to the EPC inspection conducted in December 2016. This puts it in the smallest 30% of terraced houses in Cambridge, based on EPC data. The below chart shows the distribution of terraced houses by size in Cambridge, and where 40 LUCERNE CLOSE lies on this distribution: 20% of terraced houses are smaller than 40 LUCERNE CLOSE, and 79% of terraced houses are larger. Note that EPC data is not available for all properties in Cambridge.

40 LUCERNE CLOSE: Plot

40 LUCERNE CLOSE sits on a plot of roughly 0.040 of an acre, or 163m².

Where is 40 LUCERNE CLOSE?

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