3, WELLS PLACE, WYBERTON, BOSTON, PE21 7NJ - £300,000

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.

3 WELLS PLACE is a large detached house of 123m², which could now be worth an estimated £306,278. It was last sold for £300,000 in June 2022, which was around 19% above the average June 2022 detached price in the Boston local authority area. The most recent EPC inspection was February 2019, where the current energy rating was B, and the potential energy rating was A.

3 WELLS PLACE Sold Prices

Land registry data shows two sales for 3 WELLS PLACE 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 3 WELLS PLACE 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
2022 30 JUN	£300,000	£253,028	19% above HPI
2019 5 APR	£260,000	£213,411	22% above HPI

3 WELLS PLACE 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 3 WELLS PLACE sales from April 2019 and June 2022 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 April 2019 sale was for 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the June 2022 sale, where it falls to 19% above the HPI. The line then continues to track at 19% above the HPI.

What might 3 WELLS PLACE be worth now?

3 WELLS PLACE might now be worth an estimated £306,278.

This is based on house price inflation of 2.1%, between June 2022 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 2.1% inflationary increase is applied to the most recent sale price for 3 WELLS PLACE of £300,000 on 30th June 2022. For the value to have increased from £300,000 to £306,278 over the three years and three months to March 2025, the following assumptions must hold true:

• The value of 3 WELLS PLACE has moved in line with the HPI for detached houses in the Boston local authority area.
• The June 2022 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 3 WELLS PLACE has not materially changed since June 2022.

How Large is 3 WELLS PLACE?

3 WELLS PLACE is 123m² according to the EPC inspection conducted in February 2019. This puts it in the largest 40% 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 3 WELLS PLACE lies on this distribution: 67% of detached houses houses are smaller than 3 WELLS PLACE, and 32% of houses are larger. Note that EPC data is not available for all properties in Boston.

3 WELLS PLACE: Plot and Title Map

3 WELLS PLACE sits on a plot of roughly 0.062 of an acre, or 250m². The below map shows the location of 3 WELLS PLACE, 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 3 WELLS PLACE). 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 3 WELLS PLACE?

3 WELLS PLACE is located in WYBERTON, in the PE21 postcode district. The below map shows the position of No. 3 on WELLS PLACE.