11, NEEDHAM ROAD, MORTON, BOURNE, PE10 0XP - £155,000

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

11 NEEDHAM ROAD is a very small detached house of 70m², built sometime between 1996 and 2002. It was last sold for £155,000 in June 2015, which was around 37% below the average June 2015 detached price in the South Kesteven local authority area. The most recent EPC inspection was November 2015, where the current energy rating was E, and the potential energy rating was B.

11 NEEDHAM ROAD Sold Prices

Land registry data shows three sales for 11 NEEDHAM ROAD 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. All of the three 11 NEEDHAM ROAD 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
2015 12 JUN	£155,000	£245,855	37% below HPI
2005 1 JUL	£155,000	£209,996	26% below HPI
1998 22 MAY	£64,250	£83,115	23% below HPI

11 NEEDHAM ROAD 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 11 NEEDHAM ROAD sales between May 1998 and June 2015 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 July 2005 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the June 2015 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is 11 NEEDHAM ROAD?

11 NEEDHAM ROAD is 70m² according to the EPC inspection conducted in November 2015. This puts it in the smallest 20% of detached houses in Morton, based on EPC data. The below chart shows the distribution of detached houses by size in Morton, and where 11 NEEDHAM ROAD lies on this distribution: 14% of detached houses are smaller than 11 NEEDHAM ROAD, and 86% of houses are larger. Note that EPC data is not available for all properties in Morton.

11 NEEDHAM ROAD: Plot and Title Map

11 NEEDHAM ROAD sits on a plot of roughly 0.061 of an acre, or 248m². The below map shows the location of 11 NEEDHAM ROAD, 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 11 NEEDHAM ROAD). 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 11 NEEDHAM ROAD?

11 NEEDHAM ROAD is located in MORTON, in the PE10 postcode district. The below map shows the position of No. 11 on NEEDHAM ROAD.