MAY VILLA, ASPERTON ROAD, WIGTOFT, BOSTON, PE20 2PJ - £185,000

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

MAY VILLA is a small extended detached house of 98m², built sometime between 1967 and 1975. It was last sold for £185,000 in August 2019, which was around 15% below the average August 2019 detached price in the Boston local authority area. The most recent EPC inspection was July 2019, where the current energy rating was F, and the potential energy rating was B.

MAY VILLA Sold Prices

Land registry data shows three sales for MAY VILLA 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 MAY VILLA 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
2019 19 AUG	£185,000	£216,737	15% below HPI
2008 29 FEB	£140,000	£188,669	26% below HPI
2007 30 OCT	£139,995	£190,682	27% below HPI

MAY VILLA 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 MAY VILLA sales between October 2007 and August 2019 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 February 2008 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the August 2019 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is MAY VILLA?

MAY VILLA is 98m², which includes two extensions, according to the EPC inspection conducted in July 2019. This puts it in the smallest 30% of detached houses in Wigtoft, based on EPC data. The below chart shows the distribution of detached houses by size in Wigtoft, and where MAY VILLA lies on this distribution: 21% of detached houses are smaller than MAY VILLA, and 79% of houses are larger. Note that EPC data is not available for all properties in Wigtoft.

MAY VILLA: Plot and Title Map

MAY VILLA sits on a plot of roughly 0.173 of an acre, or 700m². The below map shows the location of MAY VILLA, 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 MAY VILLA). 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 MAY VILLA?

MAY VILLA is located on ASPERTON ROAD in WIGTOFT, in the PE20 postcode district. The below map shows the position of MAY VILLA on ASPERTON ROAD.