2, ARAKAN WAY, BOURNE, PE10 9YQ - £360,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

2 ARAKAN WAY is a midsized detached house of 108m², built sometime between 1996 and 2002. It was last sold for £360,000 in August 2021, which was around 10% above the average August 2021 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 C.

2 ARAKAN WAY Sold Prices

Land registry data shows three sales for 2 ARAKAN WAY 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 2 ARAKAN WAY 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
2021 11 AUG	£360,000	£327,986	10% above HPI
2007 23 NOV	£272,950	£246,334	11% above HPI
1997 22 AUG	£92,000	£79,371	16% above HPI

2 ARAKAN 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 three 2 ARAKAN WAY sales between August 1997 and August 2021 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 2007 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the August 2021 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

How Large is 2 ARAKAN WAY?

2 ARAKAN WAY is 108m² according to the EPC inspection conducted in August 2020. This puts it in the smallest 50% of detached houses in Bourne, based on EPC data. The below chart shows the distribution of detached houses by size in Bourne, and where 2 ARAKAN WAY lies on this distribution: 47% of detached houses are smaller than 2 ARAKAN WAY, and 52% of houses are larger. Note that EPC data is not available for all properties in Bourne.

2 ARAKAN WAY: Plot and Title Map

2 ARAKAN WAY sits on a plot of roughly 0.193 of an acre, or 779m². The below map shows the location of 2 ARAKAN 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 2 ARAKAN 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 2 ARAKAN WAY?

2 ARAKAN WAY is located in BOURNE, in the PE10 postcode district. The below map shows the position of No. 2 on ARAKAN WAY.