16, PADDINGTON WAY, MORTON, BOURNE, PE10 0PS - £260,000

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

16 PADDINGTON WAY is a large extended detached house of 115m², built sometime between 1996 and 2002. It was last sold for £260,000 in August 2023, which was around 31% below the average August 2023 detached price in the South Kesteven local authority area. The most recent EPC inspection was August 2020, where the current energy rating was C, and the potential energy rating was B.

16 PADDINGTON WAY Sold Prices

Land registry data shows four sales for 16 PADDINGTON WAY 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 16 PADDINGTON WAY 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
2023 25 AUG	£260,000	£377,476	31% below HPI
2020 7 DEC	£230,000	£318,969	28% below HPI
2002 11 JUL	£130,000	£145,333	11% below HPI
1995 29 SEP	£60,500	£72,250	16% below HPI

16 PADDINGTON WAY 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 16 PADDINGTON WAY sales between September 1995 and August 2023 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 December 2020 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the August 2023 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 16 PADDINGTON WAY?

16 PADDINGTON WAY is 115m², which includes three extensions, according to the EPC inspection conducted in August 2020. This puts it in the largest 40% of detached houses in Morton, based on EPC data. The below chart shows the distribution of detached houses by size in Morton, and where 16 PADDINGTON WAY lies on this distribution: 68% of detached houses are smaller than 16 PADDINGTON WAY, and 31% of houses are larger. Note that EPC data is not available for all properties in Morton.

16 PADDINGTON WAY: Plot and Title Map

16 PADDINGTON WAY sits on a plot of roughly 0.073 of an acre, or 294m². The below map shows the location of 16 PADDINGTON WAY, 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 PADDINGTON WAY). 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 PADDINGTON WAY?

16 PADDINGTON WAY is located in MORTON, in the PE10 postcode district. The below map shows the position of No. 16 on PADDINGTON WAY.