12, LILAC CLOSE, BOURNE, PE10 9TS - £272,000

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.

12 LILAC CLOSE is a midsized detached house of 107m², built sometime between 1991 and 1995, which could now be worth an estimated £306,214. It was last sold for £272,000 in February 2021, which was around 16% below the average February 2021 detached price in the South Kesteven local authority area. The most recent EPC inspection was May 2019, where the current energy rating was D, and the potential energy rating was C.

12 LILAC CLOSE Sold Prices

Land registry data shows two sales for 12 LILAC 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. One of the two 12 LILAC CLOSE sales was for below the average price, whilst the other was 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
2021 4 FEB	£272,000	£323,915	16% below HPI
1998 30 SEP	£91,000	£85,748	6% above HPI

12 LILAC 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 12 LILAC CLOSE sales from September 1998 and February 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 September 1998 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the February 2021 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 12 LILAC CLOSE be worth now?

12 LILAC CLOSE might now be worth an estimated £306,214.

This is based on house price inflation of 12.6%, between February 2021 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 12.6% inflationary increase is applied to the most recent sale price for 12 LILAC CLOSE of £272,000 on 4th February 2021. For the value to have increased from £272,000 to £306,214 over the four years to February 2025, the following assumptions must hold true:

• The value of 12 LILAC CLOSE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The February 2021 sale price of £272,000 represented a fair market value for the property.
• The size, condition, and specification of 12 LILAC CLOSE has not materially changed since February 2021.

How Large is 12 LILAC CLOSE?

12 LILAC CLOSE is 107m² according to the EPC inspection conducted in May 2019. This puts it in the smallest 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 12 LILAC CLOSE lies on this distribution: 46% of detached houses houses are smaller than 12 LILAC CLOSE, and 53% of houses are larger. Note that EPC data is not available for all properties in Bourne.

12 LILAC CLOSE: Plot and Title Map

12 LILAC CLOSE sits on a plot of roughly 0.109 of an acre, or 442m². The below map shows the location of 12 LILAC 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 12 LILAC 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 12 LILAC CLOSE?

12 LILAC CLOSE is located in BOURNE, in the PE10 postcode district. The below map shows the position of No. 12 on LILAC CLOSE.