3, IRIS GARDENS, BOURNE, PE10 0GH - £232,500

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.

3 IRIS GARDENS is a large extended detached house of 116m², built sometime between 2003 and 2006, which could now be worth an estimated £281,960. It was last sold for £232,500 in February 2019, which was around 21% below the average February 2019 detached price in the South Kesteven local authority area. The most recent EPC inspection was December 2008, where the current energy rating was C, and the potential energy rating was C.

3 IRIS GARDENS Sold Prices

Land registry data shows three sales for 3 IRIS GARDENS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. All of the three 3 IRIS GARDENS 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
2019 7 FEB	£232,500	£293,257	21% below HPI
2013 12 APR	£176,000	£212,101	17% below HPI
2005 22 JUL	£186,950	£206,539	9% below HPI

3 IRIS GARDENS 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 three 3 IRIS GARDENS sales between July 2005 and February 2019 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 April 2013 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the February 2019 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 3 IRIS GARDENS be worth now?

3 IRIS GARDENS might now be worth an estimated £281,960.

This is based on house price inflation of 21.3%, between February 2019 and October 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 21.3% inflationary increase is applied to the most recent sale price for 3 IRIS GARDENS of £232,500 on 7th February 2019. For the value to have increased from £232,500 to £281,960 over the five years and four months to October 2025, the following assumptions must hold true:

• The value of 3 IRIS GARDENS has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The February 2019 sale price of £232,500 represented a fair market value for the property.
• The size, condition, and specification of 3 IRIS GARDENS has not materially changed since February 2019.

How Large is 3 IRIS GARDENS?

3 IRIS GARDENS is 116m², which includes one extension, according to the EPC inspection conducted in December 2008. 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 3 IRIS GARDENS lies on this distribution: 60% of detached houses houses are smaller than 3 IRIS GARDENS, and 40% of houses are larger. Note that EPC data is not available for all properties in Bourne.

3 IRIS GARDENS: Plot and Title Map

3 IRIS GARDENS sits on a plot of roughly 0.068 of an acre, or 277m². The below map shows the location of 3 IRIS GARDENS, 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 3 IRIS GARDENS). 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 3 IRIS GARDENS?

3 IRIS GARDENS is located in BOURNE, in the PE10 postcode district. The below map shows the position of No. 3 on IRIS GARDENS.