2, WATER LANE, BOURNE, PE10 0QP - £385,000

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

2 WATER LANE is a very large detached house of 165m², built sometime between 2003 and 2006. It was last sold for £385,000 in September 2023, which was around 2% above the average September 2023 detached price in the South Kesteven local authority area. The most recent EPC inspection was March 2023, where the current energy rating was C, and the potential energy rating was B.

2 WATER LANE Sold Prices

Land registry data shows three sales for 2 WATER LANE 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 WATER LANE 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
2023 20 SEP	£385,000	£378,833	2% above HPI
2006 20 SEP	£285,000	£234,780	21% above HPI
2004 16 JUL	£264,950	£201,007	32% above HPI

2 WATER LANE 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 WATER LANE sales between July 2004 and September 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 September 2006 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the September 2023 sale, where it falls to 2% above the HPI. The line then continues to track at 2% above the HPI.

How Large is 2 WATER LANE?

2 WATER LANE is 165m² according to the EPC inspection conducted in March 2023. This puts it in the largest 10% 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 WATER LANE lies on this distribution: 91% of detached houses are smaller than 2 WATER LANE, and 8% of houses are larger. Note that EPC data is not available for all properties in Bourne.

2 WATER LANE: Plot and Title Map

2 WATER LANE sits on a plot of roughly 0.107 of an acre, or 432m². The below map shows the location of 2 WATER LANE, 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 WATER LANE). 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 WATER LANE?

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