1, SPICE AVENUE, BOSTON, PE21 7BQ - £165,000

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 SPICE AVENUE is a very small detached house of 58m², built sometime between 1950 and 1966. It was last sold for £165,000 in May 2021, which was around 27% below the average May 2021 detached price in the Boston local authority area. The most recent EPC inspection was June 2010, where the current energy rating was E, and the potential energy rating was D.

1 SPICE AVENUE Sold Prices

Land registry data shows five sales for 1 SPICE AVENUE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Boston local authority area for the corresponding sale date. All of the five 1 SPICE AVENUE 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
2021 27 MAY	£165,000	£226,830	27% below HPI
2013 5 APR	£125,000	£150,740	17% below HPI
2007 18 MAY	£148,000	£183,950	20% below HPI
1999 1 DEC	£58,500	£64,183	9% below HPI
1997 20 JAN	£46,750	£54,016	13% below HPI

1 SPICE AVENUE 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 five 1 SPICE AVENUE sales between January 1997 and May 2021 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 April 2013 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the May 2021 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 1 SPICE AVENUE?

1 SPICE AVENUE is 58m² according to the EPC inspection conducted in June 2010. This puts it in the smallest 10% 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 SPICE AVENUE lies on this distribution: 2% of detached houses are smaller than 1 SPICE AVENUE, and 98% of houses are larger. Note that EPC data is not available for all properties in Boston.

1 SPICE AVENUE: Plot and Title Map

1 SPICE AVENUE sits on a plot of roughly 0.075 of an acre, or 305m². The below map shows the location of 1 SPICE AVENUE, 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 SPICE AVENUE). 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 SPICE AVENUE?

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