THE FARM, LACEYS LANE, LEVERTON, BOSTON, PE22 0BD - £275,000

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 FARM is a very large extended detached house of 129m², built sometime before 1900. It was last sold for £275,000 in March 2022, which was around 10% above the average March 2022 detached price in the Boston local authority area. The most recent EPC inspection was August 2018, where the current energy rating was E, and the potential energy rating was A.

THE FARM Sold Prices

Land registry data shows two sales for THE FARM since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Boston local authority area for the corresponding sale date. One of the two THE FARM sales was for above the average price, whilst the other was 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
2022 17 MAR	£275,000	£250,441	10% above HPI
2018 30 NOV	£180,000	£213,284	16% below HPI

THE FARM 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 two THE FARM sales from November 2018 and March 2022 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 2018 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the March 2022 sale, where it rises to 10% above the HPI. The line then continues to track at 10% above the HPI.

How Large is THE FARM?

THE FARM is 129m², which includes three extensions, according to the EPC inspection conducted in August 2018. This puts it in the largest 20% of detached houses in Leverton, based on EPC data. The below chart shows the distribution of detached houses by size in Leverton, and where THE FARM lies on this distribution: 80% of detached houses are smaller than THE FARM, and 20% of houses are larger. Note that EPC data is not available for all properties in Leverton.

THE FARM: Plot and Title Map

THE FARM sits on a plot of roughly 0.174 of an acre, or 704m². The below map shows the location of THE FARM, 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 FARM). 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 FARM?

THE FARM is located on LACEYS LANE in LEVERTON, in the PE22 postcode district. The below map shows the position of THE FARM on LACEYS LANE.