24, Old Iron Way
24, Old Iron Way
Description & Estimates
24, Old Iron Way, Boston is recorded publicly as a modern freehold house across 764 ft2 of internal area.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 24, Old Iron Way, Boston is £169,540 and its rental estimate is £815 per month, given the available information and assuming reasonable condition.
Old Iron Way, Boston, PE21 falls within the PE21 postal district, in the borough of Boston.
Our Data Sources
24, Old Iron Way, Boston has a single entry in the Land Registry from August 2022 and a single entry in the EPC database dated July 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 24, Old Iron Way, Boston, we estimate a market value of £178,017 and a rental value of £856 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £157,672 and £758 per month respectively.
Recent Market Change
Over the last year, 24, Old Iron Way, Boston has seen its estimated sale value drop by £6,092 (3.6%) and its estimated rental value rise by £24 per month (3.0%). This results in an estimated gross rental yield of 5.8%.
Energy Efficiency
24, Old Iron Way, Boston has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 05 Jul 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 24, Old Iron Way, Boston completed on 31st August 2022 at £168,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 24.2% over the period since August 2022.
- Sold Aug 2022£168,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 24, Old Iron Way, Boston have sold within a radius of 660 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 14th April 2023, was 14, Old Iron Way, Boston, PE21 9EQ, a freehold house which sold for £169,950.
Read more about house prices in PE21.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 59 addresses on Old Iron Way, Boston, PE21, 24, Old Iron Way, Boston comes out as the 48th largest and the 49th most expensive in our analysis of the public data.
It is also £4k more expensive than the average property across the PE21 district.
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Schools Nearby
- 700mSt Nicholas CE Primary Academy
- 800mTower Road Academy
- 800mSaint Mary's RC Primary Academy Boston
- 1.2kmBoston High School
- 1.4kmThe Boston Grammar School
- 1.8kmHaven High Academy
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Public Transport Nearby
From 24, Old Iron Way, Boston, the nearest station is Boston, 1.9 kilometres away.
- 1.9kmBoston
- 7.2kmHubberts Bridge
- 12.4kmSwineshead
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
