5, OLDMAN CLOSE, BOSTON, PE21 7GD - £144,000

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 OLDMAN CLOSE is a very small semi-detached house of 75m², built sometime between 1996 and 2002. It was last sold for £144,000 in March 2016, which was around 23% below the average March 2016 detached price in the Boston local authority area. The most recent EPC inspection was May 2020, where the current energy rating was C, and the potential energy rating was B.

5 OLDMAN CLOSE Sold Prices

Land registry data shows four sales for 5 OLDMAN CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Boston local authority area for the corresponding sale date. All of the four 5 OLDMAN CLOSE 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
2016 24 MAR	£144,000	£186,485	23% below HPI
2013 9 DEC	£130,000	£162,446	20% below HPI
2010 26 AUG	£129,000	£168,702	24% below HPI
2007 25 JUN	£133,000	£183,322	27% below HPI

5 OLDMAN CLOSE 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 four 5 OLDMAN CLOSE sales between June 2007 and March 2016 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 2013 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the March 2016 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 5 OLDMAN CLOSE?

5 OLDMAN CLOSE is 75m² according to the EPC inspection conducted in May 2020. This puts it in the smallest 20% of detached houses in Boston, based on EPC data. The below chart shows the distribution of detached houses by size in Boston, and where 5 OLDMAN CLOSE lies on this distribution: 13% of detached houses are smaller than 5 OLDMAN CLOSE, and 86% of houses are larger. Note that EPC data is not available for all properties in Boston.

5 OLDMAN CLOSE: Plot and Title Map

5 OLDMAN CLOSE sits on a plot of roughly 0.055 of an acre, or 221m². The below map shows the location of 5 OLDMAN CLOSE, 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 OLDMAN CLOSE). 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 OLDMAN CLOSE?

5 OLDMAN CLOSE is located in BOSTON, in the PE21 postcode district. The below map shows the position of No. 5 on OLDMAN CLOSE.