16, MILL DROVE, BOURNE, PE10 9BX - £450,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

16 MILL DROVE is a very large detached house of 217m², built sometime between 1991 and 1995. It was last sold for £450,000 in March 2016, which was around 76% above the average March 2016 detached price in the South Kesteven local authority area. The most recent EPC inspection was March 2013, where the current energy rating was D, and the potential energy rating was C.

16 MILL DROVE Sold Prices

Land registry data shows three sales for 16 MILL DROVE 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 16 MILL DROVE sales were for above 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
2016 24 MAR	£450,000	£255,562	76% above HPI
2013 21 JUN	£369,500	£210,849	75% above HPI
2001 2 MAR	£193,500	£112,942	71% above HPI

16 MILL DROVE 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 16 MILL DROVE sales between March 2001 and March 2016 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 2013 sale was for 75% above the HPI. So the extrapolation line tracks at 75% above the HPI over time, until the March 2016 sale, where it rises to 76% above the HPI. The line then continues to track at 76% above the HPI.

What might 16 MILL DROVE be worth now?

16 MILL DROVE might now be worth an estimated £648,575.

This is based on house price inflation of 44.1%, between March 2016 and December 2024, 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 44.1% inflationary increase is applied to the most recent sale price for 16 MILL DROVE of £450,000 on 24th March 2016. For the value to have increased from £450,000 to £648,575 over the seven years and three months to December 2024, the following assumptions must hold true:

• The value of 16 MILL DROVE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The March 2016 sale price of £450,000 represented a fair market value for the property.
• The size, condition, and specification of 16 MILL DROVE has not materially changed since March 2016.

How Large is 16 MILL DROVE?

16 MILL DROVE is 217m² according to the EPC inspection conducted in March 2013. This puts it in the largest 10% 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 16 MILL DROVE lies on this distribution: 99% of detached houses houses are smaller than 16 MILL DROVE, and 1% of houses are larger. Note that EPC data is not available for all properties in Bourne.

16 MILL DROVE: Plot and Title Map

16 MILL DROVE sits on a plot of roughly 0.156 of an acre, or 633m². The below map shows the location of 16 MILL DROVE, 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 16 MILL DROVE). 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 16 MILL DROVE?

16 MILL DROVE is located in BOURNE, in the PE10 postcode district. The below map shows the position of No. 16 on MILL DROVE.