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

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

14 SPRINGBANK DRIVE is a small detached house of 86m², built sometime from 2007 onwards. It was last sold for £250,000 in February 2024, which was around 31% 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	£360,001	31% below HPI
2017 17 MAR	£185,000	£275,269	33% below HPI
2008 18 DEC	£150,000	£215,335	30% 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 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the February 2024 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

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 in Bourne, based on EPC data. The below chart shows the distribution of detached houses by size in Bourne, and where 14 SPRINGBANK DRIVE lies on this distribution: 21% of detached 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.