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

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.

MAY VILLA is a small extended detached house of 98m², built sometime between 1967 and 1975, which could now be worth an estimated £219,944. It was last sold for £185,000 in August 2019, which was around 13% 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	£213,688	13% below HPI
2008 29 FEB	£140,000	£186,015	25% below HPI
2007 30 OCT	£139,995	£188,000	26% 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 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the August 2019 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might MAY VILLA be worth now?

MAY VILLA might now be worth an estimated £219,944.

This is based on house price inflation of 18.9%, between August 2019 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 18.9% inflationary increase is applied to the most recent sale price for MAY VILLA of £185,000 on 19th August 2019. For the value to have increased from £185,000 to £219,944 over the six years and six months to February 2025, the following assumptions must hold true:

• The value of MAY VILLA has moved in line with the HPI for detached houses in the Boston local authority area.
• The August 2019 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of MAY VILLA has not materially changed since August 2019.

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 houses in Wigtoft, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wigtoft, and where MAY VILLA lies on this distribution: 21% of detached houses 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.