14, SPRINGBANK DRIVE, BOURNE, PE10 0GP - £250,000

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.

14 SPRINGBANK DRIVE is a small detached house of 86m², built sometime from 2007 onwards, which could now be worth an estimated £255,959. It was last sold for £250,000 in February 2024, which was around 30% below the average February 2024 detached price in the South Kesteven local authority area. The most recent EPC inspection was February 2019, where the current energy rating was C, and the potential energy rating was B.

14 SPRINGBANK DRIVE Sold Prices

Land registry data shows three sales for 14 SPRINGBANK DRIVE 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 14 SPRINGBANK DRIVE 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
2024 27 FEB	£250,000	£356,169	30% below HPI
2017 17 MAR	£185,000	£270,738	32% below HPI
2008 18 DEC	£150,000	£211,790	29% below HPI

14 SPRINGBANK 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 three 14 SPRINGBANK DRIVE sales between December 2008 and February 2024 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 March 2017 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the February 2024 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 14 SPRINGBANK DRIVE be worth now?

14 SPRINGBANK DRIVE might now be worth an estimated £255,959.

This is based on house price inflation of 2.4%, between February 2024 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 2.4% inflationary increase is applied to the most recent sale price for 14 SPRINGBANK DRIVE of £250,000 on 27th February 2024. For the value to have increased from £250,000 to £255,959 over the one year to February 2025, the following assumptions must hold true:

• The value of 14 SPRINGBANK DRIVE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The February 2024 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 14 SPRINGBANK DRIVE has not materially changed since February 2024.

How Large is 14 SPRINGBANK DRIVE?

14 SPRINGBANK DRIVE is 86m² according to the EPC inspection conducted in February 2019. This puts it in the smallest 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 14 SPRINGBANK DRIVE lies on this distribution: 21% of detached houses houses are smaller than 14 SPRINGBANK DRIVE, and 77% of houses are larger. Note that EPC data is not available for all properties in Bourne.

14 SPRINGBANK DRIVE: Plot and Title Map

14 SPRINGBANK DRIVE sits on a plot of roughly 0.066 of an acre, or 266m². The below map shows the location of 14 SPRINGBANK 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 14 SPRINGBANK 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 14 SPRINGBANK DRIVE?

14 SPRINGBANK DRIVE is located in BOURNE, in the PE10 postcode district. The below map shows the position of No. 14 on SPRINGBANK DRIVE.