1, MANDALAY DRIVE, BOURNE, PE10 9YG - £340,000

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.

1 MANDALAY DRIVE is a large detached house of 125m², built sometime between 1996 and 2002, which could now be worth an estimated £409,538. It was last sold for £340,000 in September 2020, which was around 12% above the average September 2020 detached price in the South Kesteven local authority area. The most recent EPC inspection was May 2020, where the current energy rating was D, and the potential energy rating was C.

1 MANDALAY DRIVE Sold Prices

Land registry data shows two sales for 1 MANDALAY DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. Both of the two 1 MANDALAY DRIVE sales were for above 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
2020 4 SEP	£340,000	£302,741	12% above HPI
1998 30 JAN	£94,500	£82,404	15% above HPI

1 MANDALAY DRIVE 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 two 1 MANDALAY DRIVE sales from January 1998 and September 2020 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 January 1998 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the September 2020 sale, where it falls to 12% above the HPI. The line then continues to track at 12% above the HPI.

What might 1 MANDALAY DRIVE be worth now?

1 MANDALAY DRIVE might now be worth an estimated £409,538.

This is based on house price inflation of 20.5%, between September 2020 and February 2025, 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 20.5% inflationary increase is applied to the most recent sale price for 1 MANDALAY DRIVE of £340,000 on 4th September 2020. For the value to have increased from £340,000 to £409,538 over the five years and seven months to February 2025, the following assumptions must hold true:

• The value of 1 MANDALAY DRIVE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The September 2020 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 1 MANDALAY DRIVE has not materially changed since September 2020.

How Large is 1 MANDALAY DRIVE?

1 MANDALAY DRIVE is 125m² according to the EPC inspection conducted in May 2020. This puts it in the largest 30% 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 MANDALAY DRIVE lies on this distribution: 70% of detached houses houses are smaller than 1 MANDALAY DRIVE, and 30% of houses are larger. Note that EPC data is not available for all properties in Bourne.

1 MANDALAY DRIVE: Plot and Title Map

1 MANDALAY DRIVE sits on a plot of roughly 0.248 of an acre, or 1,003m². The below map shows the location of 1 MANDALAY DRIVE, 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 MANDALAY DRIVE). 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 MANDALAY DRIVE?

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