7, ELDER CLOSE, BOURNE, PE10 9SU - £232,000

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.

7 ELDER CLOSE is a detached house, which could now be worth an estimated £425,024. It was last sold for £232,000 in February 2005, which was around 14% above the average February 2005 detached price in the South Kesteven local authority area.

7 ELDER CLOSE Sold Prices

Land registry data shows four sales for 7 ELDER CLOSE 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 7 ELDER CLOSE sales were for above 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
2005 4 FEB	£232,000	£203,174	14% above HPI
2003 30 MAY	£186,000	£169,046	10% above HPI
2002 28 JUN	£158,000	£138,276	14% above HPI
1995 10 JAN	£83,000	£68,338	21% above HPI

What might 7 ELDER CLOSE be worth now?

7 ELDER CLOSE might now be worth an estimated £425,024.

This is based on house price inflation of 83.2%, between February 2005 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 83.2% inflationary increase is applied to the most recent sale price for 7 ELDER CLOSE of £232,000 on 4th February 2005. For the value to have increased from £232,000 to £425,024 over the twenty years and ten months to April 2026, the following assumptions must hold true:

• The value of 7 ELDER CLOSE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The February 2005 sale price of £232,000 represented a fair market value for the property.
• The size, condition, and specification of 7 ELDER CLOSE has not materially changed since February 2005.

Where is 7 ELDER CLOSE?

7 ELDER CLOSE is located in BOURNE, in the PE10 postcode district.