5, ARAKAN WAY, BOURNE, PE10 9YQ - £282,500

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

5 ARAKAN WAY is a large detached house of 122m², built sometime between 1996 and 2002. It was last sold for £282,500 in December 2015, which was around 7% above the average December 2015 detached price in the South Kesteven local authority area. The most recent EPC inspection was June 2015, where the current energy rating was D, and the potential energy rating was B.

5 ARAKAN WAY Sold Prices

Land registry data shows two sales for 5 ARAKAN WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. Both of the two 5 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
2015 16 DEC	£282,500	£264,945	7% above HPI
1997 20 MAY	£88,000	£76,680	15% above HPI

5 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 two 5 ARAKAN WAY sales from May 1997 and December 2015 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 1997 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the December 2015 sale, where it falls to 7% above the HPI. The line then continues to track at 7% above the HPI.

How Large is 5 ARAKAN WAY?

5 ARAKAN WAY is 122m² according to the EPC inspection conducted in June 2015. This puts it in the largest 40% of detached houses in Bourne, based on EPC data. The below chart shows the distribution of detached houses by size in Bourne, and where 5 ARAKAN WAY lies on this distribution: 67% of detached houses are smaller than 5 ARAKAN WAY, and 33% of houses are larger. Note that EPC data is not available for all properties in Bourne.

5 ARAKAN WAY: Plot and Title Map

5 ARAKAN WAY sits on a plot of roughly 0.117 of an acre, or 475m². The below map shows the location of 5 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 5 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 5 ARAKAN WAY?

5 ARAKAN WAY is located in BOURNE, in the PE10 postcode district. The below map shows the position of No. 5 on ARAKAN WAY.