88, LUCERNE CLOSE, CAMBRIDGE, CB1 9SA - £94,800

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.

88 LUCERNE CLOSE is a very small flat of 25m², built sometime between 1976 and 1982, which could now be worth an estimated £138,255. It was last sold for £94,800 in May 2011, which was around 53% below the average May 2011 flat price in the Cambridge local authority area. The most recent EPC inspection was October 2021, where the current energy rating was C, and the potential energy rating was B.

88 LUCERNE CLOSE Sold Prices

Land registry data shows three sales for 88 LUCERNE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average flat price in the Cambridge local authority area for the corresponding sale date. All of the three 88 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
2011 27 MAY	£94,800	£202,290	53% below HPI
1997 5 SEP	£40,500	£68,090	41% below HPI
1995 8 AUG	£30,500	£58,753	48% below HPI

What might 88 LUCERNE CLOSE be worth now?

88 LUCERNE CLOSE might now be worth an estimated £138,255.

This is based on house price inflation of 45.8%, between May 2011 and May 2026, for flats, in the Cambridge local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 45.8% inflationary increase is applied to the most recent sale price for 88 LUCERNE CLOSE of £94,800 on 27th May 2011. For the value to have increased from £94,800 to £138,255 over the fifteen years to May 2026, the following assumptions must hold true:

• The value of 88 LUCERNE CLOSE has moved in line with the HPI for flats in the Cambridge local authority area.
• The May 2011 sale price of £94,800 represented a fair market value for the property.
• The size, condition, and specification of 88 LUCERNE CLOSE has not materially changed since May 2011.

How Large is 88 LUCERNE CLOSE?

88 LUCERNE CLOSE is 25m² according to the EPC inspection conducted in October 2021. This puts it in the smallest 10% of flats in Cambridge, based on EPC data. 2% of flats are smaller than 88 LUCERNE CLOSE, and 97% of flats are larger. Note that EPC data is not available for all properties in Cambridge.

88 LUCERNE CLOSE: Plot

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

Where is 88 LUCERNE CLOSE?

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