2, CEDAR DRIVE, BOURNE, PE10 9SQ - £339,000

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.

2 CEDAR DRIVE is a small detached house of 92m², built sometime between 1983 and 1990, which could now be worth an estimated £342,331. It was last sold for £339,000 in August 2022, which was around 8% below the average August 2022 detached price in the South Kesteven local authority area. The most recent EPC inspection was September 2019, where the current energy rating was C, and the potential energy rating was B.

2 CEDAR DRIVE Sold Prices

Land registry data shows two sales for 2 CEDAR 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 2 CEDAR 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
2022 22 AUG	£339,000	£368,593	8% below HPI
2020 26 JUN	£245,000	£305,291	20% below HPI

2 CEDAR 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 2 CEDAR DRIVE sales from June 2020 and August 2022 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 2020 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the August 2022 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 2 CEDAR DRIVE be worth now?

2 CEDAR DRIVE might now be worth an estimated £342,331.

This is based on house price inflation of 1%, between August 2022 and April 2026, 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 1% inflationary increase is applied to the most recent sale price for 2 CEDAR DRIVE of £339,000 on 22nd August 2022. For the value to have increased from £339,000 to £342,331 over the four years and four months to April 2026, the following assumptions must hold true:

• The value of 2 CEDAR DRIVE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The August 2022 sale price of £339,000 represented a fair market value for the property.
• The size, condition, and specification of 2 CEDAR DRIVE has not materially changed since August 2022.

How Large is 2 CEDAR DRIVE?

2 CEDAR DRIVE is 92m² according to the EPC inspection conducted in September 2019. This puts it in the smallest 30% 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 2 CEDAR DRIVE lies on this distribution: 30% of detached houses houses are smaller than 2 CEDAR DRIVE, and 69% of houses are larger. Note that EPC data is not available for all properties in Bourne.

2 CEDAR DRIVE: Plot and Title Map

2 CEDAR DRIVE sits on a plot of roughly 0.082 of an acre, or 330m². The below map shows the location of 2 CEDAR 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 2 CEDAR 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 2 CEDAR DRIVE?

2 CEDAR DRIVE is located in BOURNE, in the PE10 postcode district. The below map shows the position of No. 2 on CEDAR DRIVE.