10, ERMINE CLOSE, BOURNE, PE10 9XH - £310,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

10 ERMINE CLOSE is a very small detached house of 78m², built sometime between 1983 and 1990. It was last sold for £310,000 in February 2023, which was around 19% below the average February 2023 detached price in the South Kesteven local authority area. The most recent EPC inspection was June 2022, where the current energy rating was C, and the potential energy rating was B.

10 ERMINE CLOSE Sold Prices

Land registry data shows two sales for 10 ERMINE CLOSE 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 10 ERMINE 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
2023 3 FEB	£310,000	£381,290	19% below HPI
1997 21 MAY	£65,000	£76,680	15% below HPI

10 ERMINE 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 two 10 ERMINE CLOSE sales from May 1997 and February 2023 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 May 1997 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the February 2023 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 10 ERMINE CLOSE?

10 ERMINE CLOSE is 78m² according to the EPC inspection conducted in June 2022. This puts it in the smallest 20% of detached houses in Bourne, based on EPC data. The below chart shows the distribution of detached houses by size in Bourne, and where 10 ERMINE CLOSE lies on this distribution: 13% of detached houses are smaller than 10 ERMINE CLOSE, and 86% of houses are larger. Note that EPC data is not available for all properties in Bourne.

10 ERMINE CLOSE: Plot and Title Map

10 ERMINE CLOSE sits on a plot of roughly 0.136 of an acre, or 549m². The below map shows the location of 10 ERMINE 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 10 ERMINE 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 10 ERMINE CLOSE?

10 ERMINE CLOSE is located in BOURNE, in the PE10 postcode district. The below map shows the position of No. 10 on ERMINE CLOSE.