8, HOME CLOSE, BOURNE, PE10 9BE - £250,000

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

8 HOME CLOSE is a very small detached house of 70m², built sometime between 1950 and 1966. It was last sold for £250,000 in July 2023, which was around 32% below the average July 2023 detached price in the South Kesteven local authority area. The most recent EPC inspection was April 2023, where the current energy rating was D, and the potential energy rating was B.

8 HOME CLOSE Sold Prices

Land registry data shows two sales for 8 HOME 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 8 HOME 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
2023 28 JUL	£250,000	£365,377	32% below HPI
1995 9 JAN	£52,000	£68,338	24% below HPI

8 HOME 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 8 HOME CLOSE sales from January 1995 and July 2023 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 1995 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the July 2023 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might 8 HOME CLOSE be worth now?

8 HOME CLOSE might now be worth an estimated £252,025.

This is based on house price inflation of 0.8%, between July 2023 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 0.8% inflationary increase is applied to the most recent sale price for 8 HOME CLOSE of £250,000 on 28th July 2023. For the value to have increased from £250,000 to £252,025 over the seven months to December 2024, the following assumptions must hold true:

• The value of 8 HOME CLOSE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The July 2023 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 8 HOME CLOSE has not materially changed since July 2023.

How Large is 8 HOME CLOSE?

8 HOME CLOSE is 70m² according to the EPC inspection conducted in April 2023. This puts it in the smallest 10% 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 8 HOME CLOSE lies on this distribution: 8% of detached houses houses are smaller than 8 HOME CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in Bourne.

8 HOME CLOSE: Plot and Title Map

8 HOME CLOSE sits on a plot of roughly 0.084 of an acre, or 339m². The below map shows the location of 8 HOME 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 8 HOME 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 8 HOME CLOSE?

8 HOME CLOSE is located in BOURNE, in the PE10 postcode district. The below map shows the position of No. 8 on HOME CLOSE.