5, MEL MARSHALL WAY, WRANGLE, BOSTON, PE22 9AL - £221,000

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

5 MEL MARSHALL WAY is a very small detached house of 81m², built sometime between 2007 and 2011. It was last sold for £221,000 in August 2023, which was around 18% below the average August 2023 detached price in the Boston local authority area. The most recent EPC inspection was May 2021, where the current energy rating was C, and the potential energy rating was B.

5 MEL MARSHALL WAY Sold Prices

Land registry data shows two sales for 5 MEL MARSHALL WAY 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 5 MEL MARSHALL WAY 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
2023 17 AUG	£221,000	£268,105	18% below HPI
2007 30 MAR	£149,625	£179,420	17% below HPI

5 MEL MARSHALL 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 two 5 MEL MARSHALL WAY sales from March 2007 and August 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 March 2007 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the August 2023 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 5 MEL MARSHALL WAY?

5 MEL MARSHALL WAY is 81m² according to the EPC inspection conducted in May 2021. This puts it in the smallest 20% of detached houses in Wrangle, based on EPC data. The below chart shows the distribution of detached houses by size in Wrangle, and where 5 MEL MARSHALL WAY lies on this distribution: 13% of detached houses are smaller than 5 MEL MARSHALL WAY, and 88% of houses are larger. Note that EPC data is not available for all properties in Wrangle.

5 MEL MARSHALL WAY: Plot and Title Map

5 MEL MARSHALL WAY sits on a plot of roughly 0.096 of an acre, or 387m². The below map shows the location of 5 MEL MARSHALL 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 5 MEL MARSHALL 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 5 MEL MARSHALL WAY?

5 MEL MARSHALL WAY is located in WRANGLE, in the PE22 postcode district. The below map shows the position of No. 5 on MEL MARSHALL WAY.