12, NEEDHAM ROAD, MORTON, BOURNE, PE10 0XP - £264,000

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 NEEDHAM ROAD is a midsized extended detached house of 98m², built sometime between 1996 and 2002, which could now be worth an estimated £312,352. It was last sold for £264,000 in May 2020, which was around 14% below the average May 2020 detached price in the South Kesteven local authority area. The most recent EPC inspection was January 2020, where the current energy rating was C, and the potential energy rating was B.

12 NEEDHAM ROAD Sold Prices

Land registry data shows nine sales for 12 NEEDHAM ROAD since 1^st January 1995. The below table shows the price paid for the nine sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. All of the nine 12 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
2020 1 MAY	£264,000	£308,210	14% below HPI
2017 26 JUN	£220,000	£278,075	21% below HPI
2015 27 FEB	£195,000	£232,825	16% below HPI
2014 27 JUN	£165,000	£222,961	26% below HPI
2013 7 JAN	£164,000	£211,655	23% below HPI
2010 3 DEC	£165,000	£217,705	24% below HPI
2004 31 MAR	£170,000	£184,995	8% below HPI
2001 15 JUN	£98,250	£118,885	17% below HPI
1998 9 JAN	£77,450	£82,404	6% below HPI

12 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 nine 12 NEEDHAM ROAD sales between January 1998 and May 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 June 2017 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the May 2020 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 12 NEEDHAM ROAD be worth now?

12 NEEDHAM ROAD might now be worth an estimated £312,352.

This is based on house price inflation of 18.3%, between May 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 18.3% inflationary increase is applied to the most recent sale price for 12 NEEDHAM ROAD of £264,000 on 1st May 2020. For the value to have increased from £264,000 to £312,352 over the five years and three months to February 2025, the following assumptions must hold true:

• The value of 12 NEEDHAM ROAD has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The May 2020 sale price of £264,000 represented a fair market value for the property.
• The size, condition, and specification of 12 NEEDHAM ROAD has not materially changed since May 2020.

How Large is 12 NEEDHAM ROAD?

12 NEEDHAM ROAD is 98m², which includes two extensions, according to the EPC inspection conducted in January 2020. This puts it in the largest 50% of detached houses houses in Morton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Morton, and where 12 NEEDHAM ROAD lies on this distribution: 52% of detached houses houses are smaller than 12 NEEDHAM ROAD, and 47% of houses are larger. Note that EPC data is not available for all properties in Morton.

12 NEEDHAM ROAD: Plot and Title Map

12 NEEDHAM ROAD sits on a plot of roughly 0.061 of an acre, or 246m². The below map shows the location of 12 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 12 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 12 NEEDHAM ROAD?

12 NEEDHAM ROAD is located in MORTON, in the PE10 postcode district. The below map shows the position of No. 12 on NEEDHAM ROAD.