2, OLD POST OFFICE LANE, BUTTERWICK, BOSTON, PE22 0EU - £143,000

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 POST OFFICE LANE is a small detached house of 80m², built sometime between 1930 and 1949. It was last sold for £143,000 in February 2024, which was around 43% below the average February 2024 detached price in the Boston local authority area. The most recent EPC inspection was October 2023, where the current energy rating was D, and the potential energy rating was A.

2 OLD POST OFFICE LANE Sold Prices

Land registry data shows three sales for 2 OLD POST OFFICE LANE 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 POST OFFICE LANE 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
2024 2 FEB	£143,000	£250,058	43% below HPI
2014 24 OCT	£127,500	£174,312	27% below HPI
1996 16 DEC	£49,000	£55,740	12% below HPI

2 OLD POST OFFICE LANE 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 POST OFFICE LANE sales between December 1996 and February 2024 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 2014 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the February 2024 sale, where it falls to 43% below the HPI. The line then continues to track at 43% below the HPI.

How Large is 2 OLD POST OFFICE LANE?

2 OLD POST OFFICE LANE is 80m² according to the EPC inspection conducted in October 2023. This puts it in the smallest 30% of detached houses in Butterwick, based on EPC data. The below chart shows the distribution of detached houses by size in Butterwick, and where 2 OLD POST OFFICE LANE lies on this distribution: 27% of detached houses are smaller than 2 OLD POST OFFICE LANE, and 71% of houses are larger. Note that EPC data is not available for all properties in Butterwick.

2 OLD POST OFFICE LANE: Plot and Title Map

2 OLD POST OFFICE LANE sits on a plot of roughly 0.114 of an acre, or 462m². The below map shows the location of 2 OLD POST OFFICE LANE, 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 POST OFFICE LANE). 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 POST OFFICE LANE?

2 OLD POST OFFICE LANE is located in BUTTERWICK, in the PE22 postcode district. The below map shows the position of No. 2 on OLD POST OFFICE LANE.