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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, 5, Merlin Close, Bourne is a modern leasehold apartment with 519 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 5, Merlin Close, Bourne is £64,137 and the estimated rental value is £388 per month.
Merlin Close, Bourne, PE10 is located in the borough of South Kesteven within the PE10 postal district.
5, Merlin Close, Bourne has 41 entries in the Land Registry , most recently in November 2021 and a single entry in the EPC database dated May 2012.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 5, Merlin Close, Bourne is in very good condition we estimate a sale value of £67,344 and a rental value of £407 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £59,647 and a rental value of £361 per month.
Over the last 12 months the sale value of 5 Merlin Close Bourne has decreased by an estimated £2,695 (4.2%) and its rental value has increased by an estimated £10 per month (2.5%), giving an expected gross yield of 7.3%.
5, Merlin Close, Bourne has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 28 May 2012.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 5, Merlin Close, Bourne was last sold on 3rd November 2021 for £82,500 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since November 2021, the market for similar properties has risen 73.6%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to 5, Merlin Close, Bourne within a radius of 880 metres over the last 2 years.
The most recent example is 8, Peregrine Place, Bourne, PE10 0FW, a leasehold flat which sold for £71,000 on the 6th September 2007.
Read more about house prices in PE10.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Merlin Close, Bourne, PE10 has a total of 21 addresses. According to our analysis of all the public data, 5, Merlin Close, Bourne is the 21st largest and the 21st most expensive property on the street.
When compared to the postcode district it is £202k less expensive than the average property in PE10.
The closest station to 5, Merlin Close, Bourne is Stamford (Lincs) station which is 14.4 kilometres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 5, Merlin Close, Bourne, 41.5% of property is privately owned with a mortgage and 24.6% is privately rented.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 5, Merlin Close, Bourne, 26.1% of residents are recorded as possessing school level qualifications and 33.2% as possessing degree level qualifications.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 5, Merlin Close, Bourne, the average age was 42.4 and the most common age was 52.
The graph below shows how this compares to East Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 5, Merlin Close, Bourne, 0.9% of property was a second home.
Comparison figures for East Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 5, Merlin Close, Bourne, there are an average of 1.5 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
