EIGHT ELMS, RAWSONS LANE, BOSTON, PE21 9HT - £995,000

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.

EIGHT ELMS is a very large detached house of 679m², which could now be worth an estimated £1,015,822. It was last sold for £995,000 in June 2022, which was around 293% above the average June 2022 detached price in the Boston local authority area. The most recent EPC inspection was March 2020, where the current energy rating was B, and the potential energy rating was B.

EIGHT ELMS Sold Prices

Land registry data shows four sales for EIGHT ELMS 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 EIGHT ELMS 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 24 JUN	£995,000	£253,028	293% above HPI
2016 15 JUL	£285,000	£192,338	48% above HPI
2003 19 DEC	£340,000	£146,886	131% above HPI
1997 2 DEC	£154,000	£57,130	170% above HPI

EIGHT ELMS 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 EIGHT ELMS sales between December 1997 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 July 2016 sale was for 48% above the HPI. So the extrapolation line tracks at 48% above the HPI over time, until the June 2022 sale, where it rises to 293% above the HPI. The line then continues to track at 293% above the HPI.

What might EIGHT ELMS be worth now?

EIGHT ELMS might now be worth an estimated £1,015,822.

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 EIGHT ELMS of £995,000 on 24th June 2022. For the value to have increased from £995,000 to £1,015,822 over the three years and three months to March 2025, the following assumptions must hold true:

• The value of EIGHT ELMS has moved in line with the HPI for detached houses in the Boston local authority area.
• The June 2022 sale price of £995,000 represented a fair market value for the property.
• The size, condition, and specification of EIGHT ELMS has not materially changed since June 2022.

How Large is EIGHT ELMS?

EIGHT ELMS is 679m² according to the EPC inspection conducted in March 2020. This puts it in the largest 10% 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 EIGHT ELMS lies on this distribution: More than 99% of detached houses houses are smaller than EIGHT ELMS, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Boston.

EIGHT ELMS: Plot and Title Map

EIGHT ELMS sits on a plot of roughly 0.526 of an acre, or 2,130m². The below map shows the location of EIGHT ELMS, 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 EIGHT ELMS). 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 EIGHT ELMS?

EIGHT ELMS is located on RAWSONS LANE in BOSTON, in the PE21 postcode district. The below map shows the position of EIGHT ELMS on RAWSONS LANE.