THE ELMS, RAWSONS LANE, BOSTON, PE21 9HT - £635,000

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

THE ELMS is a very large extended detached house of 288m², built sometime before 1900. It was last sold for £635,000 in June 2021, which was around 184% above the average June 2021 detached price in the Boston local authority area. The most recent EPC inspection was November 2020, where the current energy rating was C, and the potential energy rating was C.

THE ELMS Sold Prices

Land registry data shows three sales for THE ELMS 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 THE ELMS 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
2021 29 JUN	£635,000	£223,780	184% above HPI
2002 29 NOV	£304,000	£118,540	156% above HPI
2000 3 MAY	£245,000	£67,770	262% above HPI

THE ELMS 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 THE ELMS sales between May 2000 and June 2021 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 November 2002 sale was for 156% above the HPI. So the extrapolation line tracks at 156% above the HPI over time, until the June 2021 sale, where it rises to 184% above the HPI. The line then continues to track at 184% above the HPI.

How Large is THE ELMS?

THE ELMS is 288m², which includes two extensions, according to the EPC inspection conducted in November 2020. This puts it in the largest 10% of detached houses in Boston, based on EPC data. The below chart shows the distribution of detached houses by size in Boston, and where THE ELMS lies on this distribution: 99% of detached houses are smaller than THE ELMS, and 1% of houses are larger. Note that EPC data is not available for all properties in Boston.

THE ELMS: Plot and Title Map

THE ELMS sits on a plot of roughly 0.494 of an acre, or 1,998m². The below map shows the location of THE ELMS, 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 THE ELMS). 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 THE ELMS?

THE ELMS is located on RAWSONS LANE in BOSTON, in the PE21 postcode district. The below map shows the position of THE ELMS on RAWSONS LANE.