15, ERMINE CLOSE, BOURNE, PE10 9XH - £233,000

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

15 ERMINE CLOSE is a very small detached house of 81m², built sometime between 1976 and 1982. It was last sold for £233,000 in November 2020, which was around 25% below the average November 2020 detached price in the South Kesteven local authority area. The most recent EPC inspection was June 2020, where the current energy rating was D, and the potential energy rating was B.

15 ERMINE CLOSE Sold Prices

Land registry data shows four sales for 15 ERMINE CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. All of the four 15 ERMINE CLOSE 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 19 NOV	£233,000	£312,690	25% below HPI
2005 13 JUN	£85,000	£209,093	59% below HPI
2000 13 OCT	£97,000	£109,645	12% below HPI
1997 10 NOV	£70,000	£82,892	16% below HPI

15 ERMINE 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 four 15 ERMINE CLOSE sales between November 1997 and November 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 2005 sale was for 59% below the HPI. So the extrapolation line tracks at 59% below the HPI over time, until the November 2020 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 15 ERMINE CLOSE?

15 ERMINE CLOSE is 81m² according to the EPC inspection conducted in June 2020. This puts it in the smallest 20% of detached houses in Bourne, based on EPC data. The below chart shows the distribution of detached houses by size in Bourne, and where 15 ERMINE CLOSE lies on this distribution: 16% of detached houses are smaller than 15 ERMINE CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Bourne.

15 ERMINE CLOSE: Plot and Title Map

15 ERMINE CLOSE sits on a plot of roughly 0.135 of an acre, or 545m². The below map shows the location of 15 ERMINE 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 15 ERMINE 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 15 ERMINE CLOSE?

15 ERMINE CLOSE is located in BOURNE, in the PE10 postcode district. The below map shows the position of No. 15 on ERMINE CLOSE.