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

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

SERENDIPITY is a very small extended detached house of 74m², built sometime between 1967 and 1975. It was last sold for £141,600 in January 2018, which was around 32% 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	£209,687	32% below HPI
2002 10 JUN	£78,500	£99,395	21% below HPI
1996 29 NOV	£47,900	£57,427	17% 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 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the January 2018 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

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 in Frithville, based on EPC data. The below chart shows the distribution of detached houses by size in Frithville, and where SERENDIPITY lies on this distribution: 4% of detached 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.