5, LILAC CLOSE, BOURNE, PE10 9TS - £342,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

5 LILAC CLOSE is a small detached house of 90m², built sometime between 1991 and 1995. It was last sold for £342,000 in February 2024, which was around 4% below the average February 2024 detached price in the South Kesteven local authority area. The most recent EPC inspection was December 2018, where the current energy rating was D, and the potential energy rating was B.

5 LILAC CLOSE Sold Prices

Land registry data shows two sales for 5 LILAC CLOSE 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 LILAC CLOSE 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
2024 6 FEB	£342,000	£356,244	4% below HPI
2019 7 MAR	£235,000	£295,292	20% below HPI

5 LILAC CLOSE 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 LILAC CLOSE sales from March 2019 and February 2024 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 March 2019 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the February 2024 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 5 LILAC CLOSE be worth now?

5 LILAC CLOSE might now be worth an estimated £353,609.

This is based on house price inflation of 3.4%, between February 2024 and December 2024, 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 3.4% inflationary increase is applied to the most recent sale price for 5 LILAC CLOSE of £342,000 on 6th February 2024. For the value to have increased from £342,000 to £353,609 over the two months to December 2024, the following assumptions must hold true:

• The value of 5 LILAC CLOSE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The February 2024 sale price of £342,000 represented a fair market value for the property.
• The size, condition, and specification of 5 LILAC CLOSE has not materially changed since February 2024.

How Large is 5 LILAC CLOSE?

5 LILAC CLOSE is 90m² according to the EPC inspection conducted in December 2018. This puts it in the smallest 30% 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 LILAC CLOSE lies on this distribution: 26% of detached houses houses are smaller than 5 LILAC CLOSE, and 72% of houses are larger. Note that EPC data is not available for all properties in Bourne.

5 LILAC CLOSE: Plot and Title Map

5 LILAC CLOSE sits on a plot of roughly 0.094 of an acre, or 379m². The below map shows the location of 5 LILAC CLOSE, 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 LILAC CLOSE). 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 LILAC CLOSE?

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