8, HOME CLOSE, BOURNE, PE10 9BE - £250,000

8 HOME CLOSE is a very small detached house of 70m², built sometime between 1950 and 1966. It was last sold for £250,000 in July 2023, which was around 35% below the average July 2023 detached price in the South Kesteven local authority area. The most recent EPC inspection was April 2023, where the current energy rating was D, and the potential energy rating was B.

8 HOME CLOSE Sold Prices

Land registry data shows two sales for 8 HOME 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 8 HOME 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
2023 28 JUL	£250,000	£381,732	35% below HPI
1995 9 JAN	£52,000	£69,482	25% below HPI

8 HOME 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 8 HOME CLOSE sales from January 1995 and July 2023 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 January 1995 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the July 2023 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 8 HOME CLOSE?

8 HOME CLOSE is 70m² according to the EPC inspection conducted in April 2023. This puts it in the smallest 10% of detached houses in Bourne, based on EPC data. The below chart shows the distribution of detached houses by size in Bourne, and where 8 HOME CLOSE lies on this distribution: 8% of detached houses are smaller than 8 HOME CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in Bourne.

8 HOME CLOSE: Plot and Title Map

8 HOME CLOSE sits on a plot of roughly 0.084 of an acre, or 339m². The below map shows the location of 8 HOME 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 8 HOME 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 8 HOME CLOSE?

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