5, SPRINGBANK DRIVE, BOURNE, PE10 0GP - £243,000

5 SPRINGBANK DRIVE is a midsized detached house of 102m², built sometime between 2007 and 2011. It was last sold for £243,000 in September 2021, which was around 26% below the average September 2021 detached price in the South Kesteven local authority area. The most recent EPC inspection was March 2021, where the current energy rating was C, and the potential energy rating was B.

5 SPRINGBANK DRIVE Sold Prices

Land registry data shows four sales for 5 SPRINGBANK DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. All of the four 5 SPRINGBANK 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
2021 28 SEP	£243,000	£329,642	26% below HPI
2015 13 NOV	£199,995	£258,421	23% below HPI
2010 22 DEC	£165,000	£221,349	25% below HPI
2010 25 JAN	£189,995	£215,693	12% below HPI

5 SPRINGBANK 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 four 5 SPRINGBANK DRIVE sales between January 2010 and September 2021 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 November 2015 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the September 2021 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 5 SPRINGBANK DRIVE?

5 SPRINGBANK DRIVE is 102m² according to the EPC inspection conducted in March 2021. This puts it in the smallest 50% of detached houses in Bourne, based on EPC data. The below chart shows the distribution of detached houses by size in Bourne, and where 5 SPRINGBANK DRIVE lies on this distribution: 42% of detached houses are smaller than 5 SPRINGBANK DRIVE, and 57% of houses are larger. Note that EPC data is not available for all properties in Bourne.

5 SPRINGBANK DRIVE: Plot and Title Map

5 SPRINGBANK DRIVE sits on a plot of roughly 0.049 of an acre, or 200m². The below map shows the location of 5 SPRINGBANK 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 5 SPRINGBANK 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 5 SPRINGBANK DRIVE?

5 SPRINGBANK DRIVE is located in BOURNE, in the PE10 postcode district. The below map shows the position of No. 5 on SPRINGBANK DRIVE.