1, Banks Close
1, Banks Close
Description & Estimates
According to the public record, 1, Banks Close, Boston is a modern freehold house with 807 ft2 of internal area.
Houses of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 1, Banks Close, Boston is £208,019 and the estimated rental value is £913 per month.
Banks Close, Mareham-Le-Fen, Boston, PE22 is located in the borough of East Lindsey within the PE22 postal district.
Our Data Sources
1, Banks Close, Boston has a single entry in the Land Registry from November 2023 and a single entry in the EPC database dated October 2023.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Price Range & Condition
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 1, Banks Close, Boston is in very good condition we estimate a sale value of £218,419 and a rental value of £958 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £193,457 and a rental value of £849 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 1, Banks Close, Boston has dropped by £6,539 (3.1%), while its estimated rental value has risen by £29 per month (3.2%). Based on current estimates, the property offers a gross rental yield of 5.3%.
Energy Efficiency
1, Banks Close, Boston has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 27 Oct 2023.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, LPG.
Sold Prices
According to HM Land Registry, 1, Banks Close, Boston was last sold on 30th November 2023 for £226,995 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since November 2023, the market for similar properties has dropped by 12.7%.
- Sold Nov 2023£226,995
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Banks Close, Boston within a radius of 5.7 kilometres over the last 2 years.
The most recent example is 7, Greenstone Close, Boston, PE22 7AZ, a freehold house which sold for £202,495 on the 23rd January 2025.
Read more about house prices in PE22.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Banks Close, Mareham-Le-Fen, Boston, PE22 has a total of 7 addresses. According to our analysis of all the public data, 1, Banks Close, Boston is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £33k less expensive than the average property in PE22.
More reading links
Schools Nearby
- 700mThe Mareham-le-Fen Church of England Primary School
- 3.6kmThe Kirkby-on-Bain Church of England Primary School
- 6.1kmConingsby St Michael's Church of England Primary School
- 6.4kmThe Barnes Wallis Academy
- 7.9kmWilliam Lovell Church of England Academy
- 8.1kmThe Banovallum School
More reading links
Public Transport Nearby
The closest station to 1, Banks Close, Boston is Hubberts Bridge station, which is 17.3 kilometres away.
- 17.3kmHubberts Bridge
- 17.5kmBoston
- 18.9kmSwineshead
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
