8, THE RIDINGS, BOURNE, PE10 0FS - £230,000

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.

8 THE RIDINGS is a large detached house of 116m², built sometime between 2003 and 2006, which could now be worth an estimated £381,009. It was last sold for £230,000 in February 2012, which was around 4% above the average February 2012 detached price in the South Kesteven local authority area. The most recent EPC inspection was October 2011, where the current energy rating was C, and the potential energy rating was C.

8 THE RIDINGS Sold Prices

Land registry data shows two sales for 8 THE RIDINGS 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 THE RIDINGS 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
2012 24 FEB	£230,000	£220,130	4% above HPI
2006 28 JUN	£294,950	£216,897	36% above HPI

8 THE RIDINGS 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 THE RIDINGS sales from June 2006 and February 2012 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 June 2006 sale was for 36% above the HPI. So the extrapolation line tracks at 36% above the HPI over time, until the February 2012 sale, where it falls to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might 8 THE RIDINGS be worth now?

8 THE RIDINGS might now be worth an estimated £381,009.

This is based on house price inflation of 65.7%, between February 2012 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 65.7% inflationary increase is applied to the most recent sale price for 8 THE RIDINGS of £230,000 on 24th February 2012. For the value to have increased from £230,000 to £381,009 over the thirteen years to February 2025, the following assumptions must hold true:

• The value of 8 THE RIDINGS has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The February 2012 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 8 THE RIDINGS has not materially changed since February 2012.

How Large is 8 THE RIDINGS?

8 THE RIDINGS is 116m² according to the EPC inspection conducted in October 2011. 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 8 THE RIDINGS lies on this distribution: 60% of detached houses houses are smaller than 8 THE RIDINGS, and 40% of houses are larger. Note that EPC data is not available for all properties in Bourne.

8 THE RIDINGS: Plot and Title Map

8 THE RIDINGS sits on a plot of roughly 0.109 of an acre, or 440m². The below map shows the location of 8 THE RIDINGS, 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 THE RIDINGS). 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 THE RIDINGS?

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