2, FRIAR WAY, BOSTON, PE21 9ER - £154,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 FRIAR WAY is a very small detached house of 65m², built sometime between 1930 and 1949, which could now be worth an estimated £170,305. It was last sold for £154,000 in August 2021, which was around 33% below the average August 2021 detached price in the Boston local authority area. The most recent EPC inspection was January 2021, where the current energy rating was D, and the potential energy rating was B.

2 FRIAR WAY Sold Prices

Land registry data shows two sales for 2 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 2 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
2021 20 AUG	£154,000	£229,728	33% below HPI
2009 2 OCT	£95,000	£159,857	41% below HPI

2 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 2 FRIAR WAY sales from October 2009 and August 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 October 2009 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the August 2021 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might 2 FRIAR WAY be worth now?

2 FRIAR WAY might now be worth an estimated £170,305.

This is based on house price inflation of 10.6%, between August 2021 and February 2025, for detached houses, in the Boston local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 10.6% inflationary increase is applied to the most recent sale price for 2 FRIAR WAY of £154,000 on 20th August 2021. For the value to have increased from £154,000 to £170,305 over the four years and six months to February 2025, the following assumptions must hold true:

• The value of 2 FRIAR WAY has moved in line with the HPI for detached houses in the Boston local authority area.
• The August 2021 sale price of £154,000 represented a fair market value for the property.
• The size, condition, and specification of 2 FRIAR WAY has not materially changed since August 2021.

How Large is 2 FRIAR WAY?

2 FRIAR WAY is 65m² according to the EPC inspection conducted in January 2021. This puts it in the smallest 10% of detached houses houses in Boston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Boston, and where 2 FRIAR WAY lies on this distribution: 4% of detached houses houses are smaller than 2 FRIAR WAY, and 95% of houses are larger. Note that EPC data is not available for all properties in Boston.

2 FRIAR WAY: Plot and Title Map

2 FRIAR WAY sits on a plot of roughly 0.079 of an acre, or 319m². The below map shows the location of 2 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 2 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 2 FRIAR WAY?

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