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

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.

5 ARAKAN WAY is a large detached house of 122m², built sometime between 1996 and 2002, which could now be worth an estimated £395,330. It was last sold for £282,500 in December 2015, which was around 8% 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	£260,583	8% above HPI
1997 20 MAY	£88,000	£75,418	17% 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 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the December 2015 sale, where it falls to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might 5 ARAKAN WAY be worth now?

5 ARAKAN WAY might now be worth an estimated £395,330.

This is based on house price inflation of 39.9%, between December 2015 and February 2025, for 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 39.9% inflationary increase is applied to the most recent sale price for 5 ARAKAN WAY of £282,500 on 16th December 2015. For the value to have increased from £282,500 to £395,330 over the ten years and ten months to February 2025, the following assumptions must hold true:

• The value of 5 ARAKAN WAY has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The December 2015 sale price of £282,500 represented a fair market value for the property.
• The size, condition, and specification of 5 ARAKAN WAY has not materially changed since December 2015.

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 houses in Bourne, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bourne, and where 5 ARAKAN WAY lies on this distribution: 67% of detached houses houses are smaller than 5 ARAKAN WAY, and 32% 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.