FERNLEA, BROADGATE, WRANGLE, BOSTON, PE22 9BJ - £230,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

FERNLEA is a small detached house of 98m², built sometime between 2003 and 2006, which could now be worth an estimated £265,883. It was last sold for £230,000 in February 2021, which was around 5% above the average February 2021 detached price in the Boston local authority area. The most recent EPC inspection was December 2020, where the current energy rating was D, and the potential energy rating was B.

FERNLEA Sold Prices

Land registry data shows three sales for FERNLEA 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 FERNLEA 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 12 FEB	£230,000	£219,765	5% above HPI
2005 2 MAR	£180,000	£162,083	11% above HPI
2002 13 DEC	£137,000	£113,524	21% above HPI

FERNLEA 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 FERNLEA sales between December 2002 and February 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 March 2005 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the February 2021 sale, where it falls to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might FERNLEA be worth now?

FERNLEA might now be worth an estimated £265,883.

This is based on house price inflation of 15.6%, between February 2021 and February 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 15.6% inflationary increase is applied to the most recent sale price for FERNLEA of £230,000 on 12th February 2021. For the value to have increased from £230,000 to £265,883 over the four years to February 2025, the following assumptions must hold true:

• The value of FERNLEA has moved in line with the HPI for detached houses in the Boston local authority area.
• The February 2021 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of FERNLEA has not materially changed since February 2021.

How Large is FERNLEA?

FERNLEA is 98m² according to the EPC inspection conducted in December 2020. This puts it in the smallest 40% of detached houses houses in Wrangle, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wrangle, and where FERNLEA lies on this distribution: 31% of detached houses houses are smaller than FERNLEA, and 67% of houses are larger. Note that EPC data is not available for all properties in Wrangle.

FERNLEA: Plot and Title Map

FERNLEA sits on a plot of roughly 0.164 of an acre, or 664m². The below map shows the location of FERNLEA, 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 FERNLEA). 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 FERNLEA?

FERNLEA is located on BROADGATE in WRANGLE, in the PE22 postcode district. The below map shows the position of FERNLEA on BROADGATE.