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

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

EIGHT ELMS is a very large detached house of 679m². It was last sold for £995,000 in June 2022, which was around 288% 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	£256,638	288% above HPI
2016 15 JUL	£285,000	£195,083	46% above HPI
2003 19 DEC	£340,000	£148,982	128% above HPI
1997 2 DEC	£154,000	£57,946	166% 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 46% above the HPI. So the extrapolation line tracks at 46% above the HPI over time, until the June 2022 sale, where it rises to 288% above the HPI. The line then continues to track at 288% above the HPI.

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 in Boston, based on EPC data. The below chart shows the distribution of detached houses by size in Boston, and where EIGHT ELMS lies on this distribution: More than 99% of detached 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.