12, ERMINE CLOSE, BOURNE, PE10 9XH - £250,000

12 ERMINE CLOSE is a very small detached house of 85m², built sometime between 1976 and 1982. It was last sold for £250,000 in January 2020, which was around 17% below the average January 2020 detached price in the South Kesteven local authority area. The most recent EPC inspection was March 2019, where the current energy rating was D, and the potential energy rating was B.

12 ERMINE CLOSE Sold Prices

Land registry data shows two sales for 12 ERMINE 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 12 ERMINE 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
2020 21 JAN	£250,000	£301,268	17% below HPI
1997 17 OCT	£74,000	£80,878	9% below HPI

12 ERMINE 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 12 ERMINE CLOSE sales from October 1997 and January 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 October 1997 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the January 2020 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 12 ERMINE CLOSE?

12 ERMINE CLOSE is 85m² according to the EPC inspection conducted in March 2019. This puts it in the smallest 20% of detached houses in Bourne, based on EPC data. The below chart shows the distribution of detached houses by size in Bourne, and where 12 ERMINE CLOSE lies on this distribution: 20% of detached houses are smaller than 12 ERMINE CLOSE, and 79% of houses are larger. Note that EPC data is not available for all properties in Bourne.

12 ERMINE CLOSE: Plot and Title Map

12 ERMINE CLOSE sits on a plot of roughly 0.154 of an acre, or 625m². The below map shows the location of 12 ERMINE 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 12 ERMINE 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 12 ERMINE CLOSE?

12 ERMINE CLOSE is located in BOURNE, in the PE10 postcode district. The below map shows the position of No. 12 on ERMINE CLOSE.