8, TEASEL DRIVE, BOURNE, PE10 0GB - £175,000

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

8 TEASEL DRIVE is a small detached house of 90m², built sometime between 2003 and 2006. It was last sold for £175,000 in March 2015, which was around 27% below the average March 2015 detached price in the South Kesteven local authority area. The most recent EPC inspection was May 2014, where the current energy rating was C, and the potential energy rating was B.

8 TEASEL DRIVE Sold Prices

Land registry data shows two sales for 8 TEASEL DRIVE 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 TEASEL DRIVE 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
2015 10 MAR	£175,000	£239,289	27% below HPI
2006 28 JUL	£195,950	£224,890	13% below HPI

8 TEASEL DRIVE 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 TEASEL DRIVE sales from July 2006 and March 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 July 2006 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the March 2015 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 8 TEASEL DRIVE?

8 TEASEL DRIVE is 90m² according to the EPC inspection conducted in May 2014. This puts it in the smallest 30% of detached houses in Bourne, based on EPC data. The below chart shows the distribution of detached houses by size in Bourne, and where 8 TEASEL DRIVE lies on this distribution: 26% of detached houses are smaller than 8 TEASEL DRIVE, and 72% of houses are larger. Note that EPC data is not available for all properties in Bourne.

8 TEASEL DRIVE: Plot and Title Map

8 TEASEL DRIVE sits on a plot of roughly 0.055 of an acre, or 221m². The below map shows the location of 8 TEASEL DRIVE, 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 TEASEL DRIVE). 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 TEASEL DRIVE?

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