SERENDIPITY, WEST FEN DRAINSIDE, FRITHVILLE, BOSTON, PE22 7EX - £141,600

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

SERENDIPITY is a very small extended detached house of 74m², built sometime between 1967 and 1975, which could now be worth an estimated £190,528. It was last sold for £141,600 in January 2018, which was around 33% below the average January 2018 detached price in the East Lindsey local authority area. The most recent EPC inspection was May 2022, where the current energy rating was B, and the potential energy rating was A.

SERENDIPITY Sold Prices

Land registry data shows three sales for SERENDIPITY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the three SERENDIPITY 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
2018 5 JAN	£141,600	£212,742	33% below HPI
2002 10 JUN	£78,500	£100,843	22% below HPI
1996 29 NOV	£47,900	£58,264	18% below HPI

SERENDIPITY 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 three SERENDIPITY sales between November 1996 and January 2018 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 June 2002 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the January 2018 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might SERENDIPITY be worth now?

SERENDIPITY might now be worth an estimated £190,528.

This is based on house price inflation of 34.6%, between January 2018 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 34.6% inflationary increase is applied to the most recent sale price for SERENDIPITY of £141,600 on 5th January 2018. For the value to have increased from £141,600 to £190,528 over the six years and eleven months to February 2025, the following assumptions must hold true:

• The value of SERENDIPITY has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The January 2018 sale price of £141,600 represented a fair market value for the property.
• The size, condition, and specification of SERENDIPITY has not materially changed since January 2018.

How Large is SERENDIPITY?

SERENDIPITY is 74m², which includes one extension, according to the EPC inspection conducted in May 2022. This puts it in the smallest 10% of detached houses houses in Frithville, based on EPC data. The below chart shows the distribution of detached houses houses by size in Frithville, and where SERENDIPITY lies on this distribution: 4% of detached houses houses are smaller than SERENDIPITY, and 96% of houses are larger. Note that EPC data is not available for all properties in Frithville.

SERENDIPITY: Plot and Title Map

SERENDIPITY sits on a plot of roughly 0.112 of an acre, or 454m². The below map shows the location of SERENDIPITY, 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 SERENDIPITY). 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 SERENDIPITY?

SERENDIPITY is located on WEST FEN DRAINSIDE in FRITHVILLE, in the PE22 postcode district. The below map shows the position of SERENDIPITY on WEST FEN DRAINSIDE.