1, ELDER CLOSE, BOURNE, PE10 9SU - £350,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 ELDER CLOSE is a midsized detached house of 112m², built sometime between 1991 and 1995. It was last sold for £350,000 in June 2021, which was around 8% above the average June 2021 detached price in the South Kesteven local authority area. The most recent EPC inspection was April 2013, where the current energy rating was D, and the potential energy rating was B.

1 ELDER CLOSE Sold Prices

Land registry data shows three sales for 1 ELDER CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. One of the three 1 ELDER CLOSE sales was for above the average price, whilst two 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
2021 23 JUN	£350,000	£323,184	8% above HPI
2020 14 FEB	£270,000	£293,980	8% below HPI
2013 22 NOV	£203,000	£226,594	10% below HPI

1 ELDER CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Kesteven local authority area over time, sourced from the HPI. The three 1 ELDER CLOSE sales between November 2013 and June 2021 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 February 2020 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the June 2021 sale, where it rises to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might 1 ELDER CLOSE be worth now?

1 ELDER CLOSE might now be worth an estimated £398,898.

This is based on house price inflation of 14%, between June 2021 and December 2024, for detached houses, in the South Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14% inflationary increase is applied to the most recent sale price for 1 ELDER CLOSE of £350,000 on 23rd June 2021. For the value to have increased from £350,000 to £398,898 over the two years and six months to December 2024, the following assumptions must hold true:

• The value of 1 ELDER CLOSE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The June 2021 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 1 ELDER CLOSE has not materially changed since June 2021.

How Large is 1 ELDER CLOSE?

1 ELDER CLOSE is 112m² according to the EPC inspection conducted in April 2013. This puts it in the largest 50% of detached houses houses in Bourne, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bourne, and where 1 ELDER CLOSE lies on this distribution: 52% of detached houses houses are smaller than 1 ELDER CLOSE, and 47% of houses are larger. Note that EPC data is not available for all properties in Bourne.

1 ELDER CLOSE: Plot and Title Map

1 ELDER CLOSE sits on a plot of roughly 0.114 of an acre, or 462m². The below map shows the location of 1 ELDER CLOSE, 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 1 ELDER CLOSE). 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 1 ELDER CLOSE?

1 ELDER CLOSE is located in BOURNE, in the PE10 postcode district. The below map shows the position of No. 1 on ELDER CLOSE.