5, NEEDHAM ROAD, MORTON, BOURNE, PE10 0XP - £295,000

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 NEEDHAM ROAD is a large detached house of 115m², built sometime between 1996 and 2002, which could now be worth an estimated £349,788. It was last sold for £295,000 in November 2020, which was around 4% below the average November 2020 detached price in the South Kesteven local authority area. The most recent EPC inspection was March 2020, where the current energy rating was C, and the potential energy rating was C.

5 NEEDHAM ROAD Sold Prices

Land registry data shows seven sales for 5 NEEDHAM ROAD since 1^st January 1995. The below table shows the price paid for the seven sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. The seven 5 NEEDHAM ROAD sales were a mix of below the average price, and roughly equal to 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 20 NOV	£295,000	£307,542	4% below HPI
2017 13 JAN	£218,500	£271,364	19% below HPI
2013 8 AUG	£175,000	£227,211	23% below HPI
2007 29 NOV	£187,500	£242,279	23% below HPI
2006 28 APR	£185,000	£211,909	13% below HPI
2003 19 NOV	£158,000	£182,222	13% below HPI
1998 5 MAR	£79,995	£79,788	Close to HPI

5 NEEDHAM ROAD 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 seven 5 NEEDHAM ROAD sales between March 1998 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 January 2017 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the November 2020 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 5 NEEDHAM ROAD be worth now?

5 NEEDHAM ROAD might now be worth an estimated £349,788.

This is based on house price inflation of 18.6%, between November 2020 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 18.6% inflationary increase is applied to the most recent sale price for 5 NEEDHAM ROAD of £295,000 on 20th November 2020. For the value to have increased from £295,000 to £349,788 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of 5 NEEDHAM ROAD has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The November 2020 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 5 NEEDHAM ROAD has not materially changed since November 2020.

How Large is 5 NEEDHAM ROAD?

5 NEEDHAM ROAD is 115m² according to the EPC inspection conducted in March 2020. This puts it in the largest 40% of detached houses houses in Morton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Morton, and where 5 NEEDHAM ROAD lies on this distribution: 68% of detached houses houses are smaller than 5 NEEDHAM ROAD, and 31% of houses are larger. Note that EPC data is not available for all properties in Morton.

5 NEEDHAM ROAD: Plot and Title Map

5 NEEDHAM ROAD sits on a plot of roughly 0.077 of an acre, or 310m². The below map shows the location of 5 NEEDHAM ROAD, 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 NEEDHAM ROAD). 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 NEEDHAM ROAD?

5 NEEDHAM ROAD is located in MORTON, in the PE10 postcode district. The below map shows the position of No. 5 on NEEDHAM ROAD.