2, WESTMINSTER LANE, BOURNE, PE10 9TU - £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 WESTMINSTER LANE is a very large detached house of 181m², built sometime between 1991 and 1995. It was last sold for £385,000 in November 2020, which was around 23% above the average November 2020 detached price in the South Kesteven local authority area. The most recent EPC inspection was September 2017, where the current energy rating was C, and the potential energy rating was C.

2 WESTMINSTER LANE Sold Prices

Land registry data shows three sales for 2 WESTMINSTER 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 WESTMINSTER 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
2020 26 NOV	£385,000	£312,690	23% above HPI
2006 16 AUG	£375,000	£230,592	63% above HPI
2002 1 JUL	£221,000	£145,333	52% above HPI

2 WESTMINSTER 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 WESTMINSTER LANE sales between July 2002 and November 2020 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 August 2006 sale was for 63% above the HPI. So the extrapolation line tracks at 63% above the HPI over time, until the November 2020 sale, where it falls to 23% above the HPI. The line then continues to track at 23% above the HPI.

How Large is 2 WESTMINSTER LANE?

2 WESTMINSTER LANE is 181m² according to the EPC inspection conducted in September 2017. 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 WESTMINSTER LANE lies on this distribution: 95% of detached houses are smaller than 2 WESTMINSTER LANE, and 5% of houses are larger. Note that EPC data is not available for all properties in Bourne.

2 WESTMINSTER LANE: Plot and Title Map

2 WESTMINSTER LANE sits on a plot of roughly 0.187 of an acre, or 757m². The below map shows the location of 2 WESTMINSTER 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 WESTMINSTER 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 WESTMINSTER LANE?

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