7, PETER PAINE CLOSE, BUTTERWICK, BOSTON, PE22 0HA - £125,000

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.

7 PETER PAINE CLOSE is a very small detached house of 69m², built sometime between 1976 and 1982, which could now be worth an estimated £158,245. It was last sold for £125,000 in June 2016, which was around 35% below the average June 2016 detached price in the Boston local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was B.

7 PETER PAINE CLOSE Sold Prices

Land registry data shows two sales for 7 PETER PAINE CLOSE 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. Both of the two 7 PETER PAINE CLOSE 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
2016 2 JUN	£125,000	£193,622	35% below HPI
2014 30 MAY	£110,000	£170,334	35% below HPI

7 PETER PAINE CLOSE 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 7 PETER PAINE CLOSE sales from May 2014 and June 2016 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 May 2014 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the June 2016 sale, which was also at 35% below the HPI.

What might 7 PETER PAINE CLOSE be worth now?

7 PETER PAINE CLOSE might now be worth an estimated £158,245.

This is based on house price inflation of 26.6%, between June 2016 and June 2025, for detached houses, in the Boston local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 26.6% inflationary increase is applied to the most recent sale price for 7 PETER PAINE CLOSE of £125,000 on 2nd June 2016. For the value to have increased from £125,000 to £158,245 over the nine years to June 2025, the following assumptions must hold true:

• The value of 7 PETER PAINE CLOSE has moved in line with the HPI for detached houses in the Boston local authority area.
• The June 2016 sale price of £125,000 represented a fair market value for the property.
• The size, condition, and specification of 7 PETER PAINE CLOSE has not materially changed since June 2016.

How Large is 7 PETER PAINE CLOSE?

7 PETER PAINE CLOSE is 69m² according to the EPC inspection conducted in April 2014. This puts it in the smallest 20% of detached houses houses in Butterwick, based on EPC data. The below chart shows the distribution of detached houses houses by size in Butterwick, and where 7 PETER PAINE CLOSE lies on this distribution: 11% of detached houses houses are smaller than 7 PETER PAINE CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Butterwick.

7 PETER PAINE CLOSE: Plot and Title Map

7 PETER PAINE CLOSE sits on a plot of roughly 0.066 of an acre, or 268m². The below map shows the location of 7 PETER PAINE CLOSE, 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 7 PETER PAINE CLOSE). 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 7 PETER PAINE CLOSE?

7 PETER PAINE CLOSE is located in BUTTERWICK, in the PE22 postcode district. The below map shows the position of No. 7 on PETER PAINE CLOSE.