2, CHESTER WAY, BOSTON, PE21 7PR - £275,000

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

2 CHESTER WAY is a very large extended detached house of 164m², built sometime between 1967 and 1975. It was last sold for £275,000 in March 2021, which was around 23% above the average March 2021 detached price in the Boston local authority area. The most recent EPC inspection was October 2020, where the current energy rating was C, and the potential energy rating was C.

2 CHESTER WAY Sold Prices

Land registry data shows three sales for 2 CHESTER WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Boston local authority area for the corresponding sale date. Two of the three 2 CHESTER WAY sales were for above the average price, whilst one was 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 31 MAR	£275,000	£224,144	23% above HPI
1999 29 JAN	£60,000	£62,941	5% below HPI
1995 10 OCT	£65,000	£52,444	24% above HPI

2 CHESTER 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 three 2 CHESTER WAY sales between October 1995 and March 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 January 1999 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the March 2021 sale, where it rises to 23% above the HPI. The line then continues to track at 23% above the HPI.

How Large is 2 CHESTER WAY?

2 CHESTER WAY is 164m², which includes one extension, according to the EPC inspection conducted in October 2020. This puts it in the largest 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 2 CHESTER WAY lies on this distribution: 88% of detached houses are smaller than 2 CHESTER WAY, and 11% of houses are larger. Note that EPC data is not available for all properties in Boston.

2 CHESTER WAY: Plot and Title Map

2 CHESTER WAY sits on a plot of roughly 0.120 of an acre, or 485m². The below map shows the location of 2 CHESTER 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 2 CHESTER 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 2 CHESTER WAY?

2 CHESTER WAY is located in BOSTON, in the PE21 postcode district. The below map shows the position of No. 2 on CHESTER WAY.