1, FRIAR WAY, BOSTON, PE21 9ER - £210,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 FRIAR WAY is a very small extended detached house of 77m², built sometime between 1950 and 1966. It was last sold for £210,000 in November 2022, which was around 21% below the average November 2022 detached price in the Boston local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was B.

1 FRIAR WAY Sold Prices

Land registry data shows two sales for 1 FRIAR WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Boston local authority area for the corresponding sale date. Both of the two 1 FRIAR WAY 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
2022 8 NOV	£210,000	£265,633	21% below HPI
2021 7 JUL	£127,500	£223,913	43% below HPI

1 FRIAR WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Boston local authority area over time, sourced from the HPI. The two 1 FRIAR WAY sales from July 2021 and November 2022 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 July 2021 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the November 2022 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 1 FRIAR WAY?

1 FRIAR WAY is 77m², which includes one extension, according to the EPC inspection conducted in February 2022. This puts it in the smallest 20% of detached houses in Boston, based on EPC data. The below chart shows the distribution of detached houses by size in Boston, and where 1 FRIAR WAY lies on this distribution: 16% of detached houses are smaller than 1 FRIAR WAY, and 83% of houses are larger. Note that EPC data is not available for all properties in Boston.

1 FRIAR WAY: Plot and Title Map

1 FRIAR WAY sits on a plot of roughly 0.083 of an acre, or 338m². The below map shows the location of 1 FRIAR WAY, 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 1 FRIAR WAY). 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 1 FRIAR WAY?

1 FRIAR WAY is located in BOSTON, in the PE21 postcode district. The below map shows the position of No. 1 on FRIAR WAY.