PEGASUS, CHAPEL LANE, FRISKNEY, BOSTON, PE22 8RX - £248,000

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.

PEGASUS is a large detached house of 127m², built sometime between 2003 and 2006, which could now be worth an estimated £322,926. It was last sold for £248,000 in May 2019, which was around 13% above the average May 2019 detached price in the East Lindsey local authority area. The most recent EPC inspection was March 2013, where the current energy rating was B, and the potential energy rating was B.

PEGASUS Sold Prices

Land registry data shows five sales for PEGASUS since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the five PEGASUS 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
2019 31 MAY	£248,000	£219,835	13% above HPI
2013 2 OCT	£195,000	£172,648	13% above HPI
2010 24 JUN	£183,500	£172,434	6% above HPI
2004 2 AUG	£194,000	£163,467	19% above HPI
2002 19 APR	£131,950	£99,217	33% above HPI

PEGASUS Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Lindsey local authority area over time, sourced from the HPI. The five PEGASUS sales between April 2002 and May 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 October 2013 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the May 2019 sale, which was also at 13% above the HPI.

What might PEGASUS be worth now?

PEGASUS might now be worth an estimated £322,926.

This is based on house price inflation of 30.2%, between May 2019 and February 2025, for detached houses, in the East Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 30.2% inflationary increase is applied to the most recent sale price for PEGASUS of £248,000 on 31st May 2019. For the value to have increased from £248,000 to £322,926 over the six years and three months to February 2025, the following assumptions must hold true:

• The value of PEGASUS has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The May 2019 sale price of £248,000 represented a fair market value for the property.
• The size, condition, and specification of PEGASUS has not materially changed since May 2019.

How Large is PEGASUS?

PEGASUS is 127m² according to the EPC inspection conducted in March 2013. This puts it in the largest 40% of detached houses houses in Friskney Eaudyke, based on EPC data. The below chart shows the distribution of detached houses houses by size in Friskney Eaudyke, and where PEGASUS lies on this distribution: 68% of detached houses houses are smaller than PEGASUS, and 32% of houses are larger. Note that EPC data is not available for all properties in Friskney Eaudyke.

PEGASUS: Plot and Title Map

PEGASUS sits on a plot of roughly 0.181 of an acre, or 733m². The below map shows the location of PEGASUS, 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 PEGASUS). 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 PEGASUS?

PEGASUS is located on CHAPEL LANE in FRISKNEY, in the PE22 postcode district. The below map shows the position of PEGASUS on CHAPEL LANE.