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

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 OLD IRON WAY is a large detached house of 128m², which could now be worth an estimated £310,428. It was last sold for £305,000 in April 2023, which was around 20% 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	£253,806	20% above HPI
2021 16 DEC	£273,000	£245,423	11% above HPI
2021 26 FEB	£239,950	£219,765	9% 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 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the April 2023 sale, where it rises to 20% above the HPI. The line then continues to track at 20% above the HPI.

What might 2 OLD IRON WAY be worth now?

2 OLD IRON WAY might now be worth an estimated £310,428.

This is based on house price inflation of 1.8%, between April 2023 and March 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 1.8% inflationary increase is applied to the most recent sale price for 2 OLD IRON WAY of £305,000 on 14th April 2023. For the value to have increased from £305,000 to £310,428 over the two years and one month to March 2025, the following assumptions must hold true:

• The value of 2 OLD IRON WAY has moved in line with the HPI for detached houses in the Boston local authority area.
• The April 2023 sale price of £305,000 represented a fair market value for the property.
• The size, condition, and specification of 2 OLD IRON WAY has not materially changed since April 2023.

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 houses in Boston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Boston, and where 2 OLD IRON WAY lies on this distribution: 71% of detached houses 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.