15, TEASEL DRIVE, BOURNE, PE10 0GB - £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

15 TEASEL DRIVE is a very small detached house of 77m², built sometime between 1996 and 2002. It was last sold for £250,000 in November 2022, which was around 34% below the average November 2022 detached price in the South Kesteven local authority area. The most recent EPC inspection was October 2019, where the current energy rating was C, and the potential energy rating was B.

15 TEASEL DRIVE Sold Prices

Land registry data shows three sales for 15 TEASEL 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 15 TEASEL 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
2022 18 NOV	£250,000	£381,399	34% below HPI
2013 29 NOV	£149,000	£230,386	35% below HPI
2007 28 SEP	£176,950	£247,620	29% below HPI

15 TEASEL 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 15 TEASEL DRIVE sales between September 2007 and November 2022 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 November 2013 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the November 2022 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 15 TEASEL DRIVE?

15 TEASEL DRIVE is 77m² according to the EPC inspection conducted in October 2019. 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 TEASEL DRIVE lies on this distribution: 12% of detached houses are smaller than 15 TEASEL DRIVE, and 87% of houses are larger. Note that EPC data is not available for all properties in Bourne.

15 TEASEL DRIVE: Plot and Title Map

15 TEASEL DRIVE sits on a plot of roughly 0.051 of an acre, or 205m². The below map shows the location of 15 TEASEL 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 15 TEASEL 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 15 TEASEL DRIVE?

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