4, SPENCER GARDENS, BUTTERWICK, BOSTON, PE22 0XA - £242,000

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.

4 SPENCER GARDENS is a large detached house of 102m², built sometime between 1983 and 1990, which could now be worth an estimated £278,069. It was last sold for £242,000 in July 2021, which was around 10% above the average July 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.

4 SPENCER GARDENS Sold Prices

Land registry data shows three sales for 4 SPENCER GARDENS 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 4 SPENCER GARDENS 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
2021 5 JUL	£242,000	£220,763	10% above HPI
2000 5 APR	£92,250	£66,798	38% above HPI
1999 24 MAY	£86,950	£59,239	47% above HPI

4 SPENCER GARDENS 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 4 SPENCER GARDENS sales between May 1999 and July 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 April 2000 sale was for 38% above the HPI. So the extrapolation line tracks at 38% above the HPI over time, until the July 2021 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might 4 SPENCER GARDENS be worth now?

4 SPENCER GARDENS might now be worth an estimated £278,069.

This is based on house price inflation of 14.9%, between July 2021 and July 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 14.9% inflationary increase is applied to the most recent sale price for 4 SPENCER GARDENS of £242,000 on 5th July 2021. For the value to have increased from £242,000 to £278,069 over the four years to July 2025, the following assumptions must hold true:

• The value of 4 SPENCER GARDENS has moved in line with the HPI for detached houses in the Boston local authority area.
• The July 2021 sale price of £242,000 represented a fair market value for the property.
• The size, condition, and specification of 4 SPENCER GARDENS has not materially changed since July 2021.

How Large is 4 SPENCER GARDENS?

4 SPENCER GARDENS is 102m² according to the EPC inspection conducted in January 2021. This puts it in the largest 40% of detached houses houses in Butterwick, based on EPC data. The below chart shows the distribution of detached houses houses by size in Butterwick, and where 4 SPENCER GARDENS lies on this distribution: 61% of detached houses houses are smaller than 4 SPENCER GARDENS, and 39% of houses are larger. Note that EPC data is not available for all properties in Butterwick.

4 SPENCER GARDENS: Plot and Title Map

4 SPENCER GARDENS sits on a plot of roughly 0.124 of an acre, or 500m². The below map shows the location of 4 SPENCER GARDENS, 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 4 SPENCER GARDENS). 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 4 SPENCER GARDENS?

4 SPENCER GARDENS is located in BUTTERWICK, in the PE22 postcode district. The below map shows the position of No. 4 on SPENCER GARDENS.