28, SPRINGBANK DRIVE, BOURNE, PE10 0GP - £45,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

28 SPRINGBANK DRIVE is a very small semi-detached house of 77m², built sometime between 2003 and 2006, which could now be worth an estimated £80,158. It was last sold for £45,500 in April 2012, which was around 66% below the average April 2012 semi-detached price in the South Kesteven local authority area. The most recent EPC inspection was August 2014, where the current energy rating was C, and the potential energy rating was B.

28 SPRINGBANK DRIVE Sold Prices

Land registry data shows two sales for 28 SPRINGBANK DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the South Kesteven local authority area for the corresponding sale date. Both of the two 28 SPRINGBANK DRIVE 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
2012 13 APR	£45,500	£134,107	66% below HPI
2007 18 MAY	£57,733	£152,963	62% below HPI

28 SPRINGBANK DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the South Kesteven local authority area over time, sourced from the HPI. The two 28 SPRINGBANK DRIVE sales from May 2007 and April 2012 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 May 2007 sale was for 62% below the HPI. So the extrapolation line tracks at 62% below the HPI over time, until the April 2012 sale, where it falls to 66% below the HPI. The line then continues to track at 66% below the HPI.

What might 28 SPRINGBANK DRIVE be worth now?

28 SPRINGBANK DRIVE might now be worth an estimated £80,158.

This is based on house price inflation of 76.2%, between April 2012 and February 2025, for semi-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 76.2% inflationary increase is applied to the most recent sale price for 28 SPRINGBANK DRIVE of £45,500 on 13th April 2012. For the value to have increased from £45,500 to £80,158 over the thirteen years and two months to February 2025, the following assumptions must hold true:

• The value of 28 SPRINGBANK DRIVE has moved in line with the HPI for semi-detached houses in the South Kesteven local authority area.
• The April 2012 sale price of £45,500 represented a fair market value for the property.
• The size, condition, and specification of 28 SPRINGBANK DRIVE has not materially changed since April 2012.

How Large is 28 SPRINGBANK DRIVE?

28 SPRINGBANK DRIVE is 77m² according to the EPC inspection conducted in August 2014. This puts it in the smallest 20% of semi-detached houses houses in Bourne, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Bourne, and where 28 SPRINGBANK DRIVE lies on this distribution: 11% of semi-detached houses houses are smaller than 28 SPRINGBANK DRIVE, and 87% of houses are larger. Note that EPC data is not available for all properties in Bourne.

28 SPRINGBANK DRIVE: Plot and Title Map

28 SPRINGBANK DRIVE sits on a plot of roughly 0.033 of an acre, or 133m². The below map shows the location of 28 SPRINGBANK DRIVE, 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 28 SPRINGBANK DRIVE). 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 28 SPRINGBANK DRIVE?

28 SPRINGBANK DRIVE is located in BOURNE, in the PE10 postcode district. The below map shows the position of No. 28 on SPRINGBANK DRIVE.