Area Guide For Bourne

Bourne is a business/market town and common area in the South Kesteven region of Lincolnshire, England. It is arranged on the eastern edge of the Kesteven Uplands and the western outskirt of the Lincolnshire Fens. The town's economy was in view of rustic commercial ventures until the track opened up a business for packaged mineral water. Despite the fact that it is still focussed on horticulture and nourishment arrangement for stores there are likewise essential light designing and tourism exercises. The locale has a quickly developing lodging business sector with extensive new building occurring in Bourne in the 2000s


Bourne Map

Estimated Price: £212,472
Average Asking Price: £230,866
Price change in last one year: £18,584
Average Price Paid: £170,291
Average Rent Rates: £689


Property Prices Breakdown in Bourne

Average Price for property in Bourne is around £212,472 which varies based on type of property you are interested in and ranges from £255,221 for detached house to around £158,464 for semi-detached. Similarly terraced house is around £141,177 and a flat is worth £118,485. Values have been changing and have risen £3,316 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £9,720 in last 6 months, £18,584 in last 1 year, £31,735 in last 2 years, £24,295 in last 3 years, £17,520 in last 4 years and £32,418 in last 5 years.

Currently average asking price of a property in Bourne is around £230,866 based on approximately 481 properties for sale. Same is the case with rental options based on 41 properties up for rent, average asking rent is around £689 per month.

Estimated property value in Bourne is £212,472. Average asking price is £230,866 while average price paid is £177,901 which is up by £18,584 and Avg. asking rent £689.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Bourne area. In last 1 year alone average price buyer paid is around £177,901 based on approximately 481 sales in Bourne area alone. If you compare it to last 3 years sales of 1,347 properties where buyers paid around £169,261. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £170,291 for 2,064 and average amount paid for purchase of approx. 2,708 properties sold in last 7 years comes to about £171,251 per sale.


Properties For Sale in Bourne


Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £108,331, £140,865 for a 2 bedroom house, £190,808 for a 3 bedroom house, £306,807 for a 4 bedroom house and £359,108 for a 5 bedroom house. For a flat similarly the prices varies from £81,763 for a single bedroom to £119,828 for a 2 bedroom Flat. To sum up the asking prices for properties in Bourne it comes to around average £87,456 for 1 bedroom property, £135,494 for 2 bedroom, £190,808 for 3 bedroom, £306,807 for 4 bedroom and £359,108 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £628 for 1 bedroom to £555 for 2 bedroom, £737 for 3 bedroom and £1,001 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £360. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £536 and £494 for 3 bedroom. You should be generally be expecting around average £539 rent per month for single bedroom property, £552 for 2 bedroom, £717 for 3 bedroom and approximately £1,001 for 5 bedroom property in Bourne area.

Popular Houses in Bourne

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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