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Bourne House Prices Bourne House Prices

The average house price in Bourne is £274,642 using HM Land Registry data.

The average property price increased by £63,406 (29.89%) over the last 5 years and increased by £12,672 (4.82%) over the last 12 months.

Over the last year, there were 207 residential property sales – a decrease of 241 transactions (-116.43%) relative to the previous year. The majority of house sales (55) were in the £182,000 - £234,000 range. Then came properties in the £234,000 - £286,000 range, where 34 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 65 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,887 (-1%).

In April 2024, there were 85 new estate agency instructions, 42 agreed home sales and 44 property price reductions.

Postcodes Covered: PE10

5-Year Average Property Prices in Bourne

29.89%

Property prices in Bourne increased by 29.89% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Bourne Over the Last Year

4.82%

Property prices in Bourne increased by 4.82% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Bourne - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Bourne

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Bourne

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Bourne

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Bourne since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Bourne area since 1995.

Recent Property Sales in Bourne

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
9 Watling Close, Bourne, Lincolnshire, PE10 9XL£340,000£320,000-£20,00003 Jun 202313 Feb 2024255 Days
5 Lilac Close, Bourne, Lincolnshire, PE10 9TS£350,000£342,000-£8,00002 Nov 202306 Feb 202496 Days
57 Westwood Drive, Bourne, Lincolnshire, PE10 9PY£280,000£280,000£0012 Oct 202326 Jan 2024106 Days
6 Wordsworth Grove, Bourne, Lincolnshire, PE10 9WE£200,000£188,000-£12,00021 Jun 202319 Jan 2024212 Days
38 South Road, Bourne, Lincolnshire, PE10 9JD£310,000£310,000£0006 Sep 202319 Jan 2024135 Days
10 Exeter Close, Bourne, Lincolnshire, PE10 9NP£270,000£250,000-£20,00019 May 202317 Jan 2024243 Days
24 Drummond Road, Bourne, Lincolnshire, PE10 9JF£260,000£240,000-£20,00018 Sep 202308 Jan 2024112 Days
20 Cedar Drive, Bourne, Lincolnshire, PE10 9SQ£350,000£320,000-£30,00015 Sep 202315 Dec 202391 Days
3 Barkston Close, Bourne, Lincolnshire, PE10 9UB£350,000£350,000£0014 Aug 202313 Dec 2023121 Days
16 Willoughby Road, Bourne, Lincolnshire, PE10 9JN£190,000£187,500-£2,50026 Jun 202313 Dec 2023170 Days
14 Foxley Court, Bourne, Lincolnshire, PE10 9TY£200,000£200,000£0014 Sep 202304 Dec 202381 Days
128 Beech Avenue, Bourne, Lincolnshire, PE10 9RB£370,000£370,000£0009 Aug 202301 Dec 2023114 Days
24 Torfrida Drive, Bourne, Lincolnshire, PE10 9QF£315,000£290,000-£25,00031 May 202301 Dec 2023184 Days
14 Wisteria Way, Bourne, Lincolnshire, PE10 9SY£465,000£458,000-£7,00006 Jun 202330 Nov 2023177 Days
8 Willoughby Road, Bourne, Lincolnshire, PE10 9JN£210,000£207,500-£2,50008 Jun 202329 Nov 2023174 Days
3 Oak Crescent, Bourne, Lincolnshire, PE10 9SD£325,000£317,000-£8,00017 Jul 202320 Nov 2023126 Days
6 Harvey Close, Bourne, Lincolnshire, PE10 9QJ£230,000£210,000-£20,00023 Aug 202311 Nov 202380 Days
4 Cherry Holt Road, Bourne, Lincolnshire, PE10 9LA£240,000£216,000-£24,00010 Aug 202310 Nov 202392 Days
8 Austerby, Bourne, Lincolnshire, PE10 9JG£300,000£295,000-£5,00020 Jul 202303 Nov 2023106 Days
1 Finn Close, Bourne, Lincolnshire, PE10 0DD£125,000£120,000-£5,00001 Sep 202301 Nov 202361 Days

Most Expensive Streets in Bourne

PostcodeStreetAreaAverageNo. of Sales
PE10 9BUNorth RoadBourne£550,8005
PE10 9PUWest RoadBourne£518,5005
PE10 9BXMill DroveBourne£495,7508
PE10 9APNorth RoadBourne£405,0005
PE10 9RRBeech AvenueBourne£403,8889
PE10 9YAMountbatten WayBourne£391,6663
PE10 9BTNorth RoadBourne£365,0007
PE10 9JDSouth RoadBourne£361,00010
PE10 9RZBeech AvenueBourne£356,6663
PE10 9YGMandalay DriveBourne£355,0003

Least Expensive Streets in Bourne

PostcodeStreetAreaAverageNo. of Sales
PE10 9UQChurch ViewChurch Walk£66,3505
PE10 0QPWater LaneBourne£129,17711
PE10 9EXHereward StreetBourne£131,36311
PE10 9LWWendover MewsBourne£135,4005
PE10 0XZMarket Rasen DriveBourne£135,8336
PE10 9LTSouth StreetBourne£138,5003
PE10 9WJBurghley StreetBourne£138,75010
PE10 0WPSandown DriveBourne£141,63111
PE10 9HAHarrington StreetBourne£141,7504
PE10 9WHWherrys LaneBourne£145,70010

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