2, OLD IRON WAY, BOSTON, PE21 9EQ - £305,000

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 OLD IRON WAY is a large detached house of 128m². It was last sold for £305,000 in April 2023, which was around 18% above the average April 2023 detached price in the Boston local authority area. The most recent EPC inspection was February 2021, where the current energy rating was B, and the potential energy rating was A.

2 OLD IRON WAY Sold Prices

Land registry data shows three sales for 2 OLD IRON 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. All of the three 2 OLD IRON WAY sales were for above 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
2023 14 APR	£305,000	£257,427	18% above HPI
2021 16 DEC	£273,000	£248,925	10% above HPI
2021 26 FEB	£239,950	£222,901	8% above HPI

2 OLD IRON 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 OLD IRON WAY sales between February 2021 and April 2023 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 December 2021 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the April 2023 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

How Large is 2 OLD IRON WAY?

2 OLD IRON WAY is 128m² according to the EPC inspection conducted in February 2021. This puts it in the largest 30% 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 OLD IRON WAY lies on this distribution: 71% of detached houses are smaller than 2 OLD IRON WAY, and 28% of houses are larger. Note that EPC data is not available for all properties in Boston.

2 OLD IRON WAY: Plot and Title Map

2 OLD IRON WAY sits on a plot of roughly 0.086 of an acre, or 349m². The below map shows the location of 2 OLD IRON 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 OLD IRON 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 OLD IRON WAY?

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