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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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47, Old Iron Way, Boston is recorded publicly as a modern freehold house across 1,033 ft2 of internal area, sitting on a 177 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 47, Old Iron Way, Boston is £198,565 and its rental estimate is £914 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.
47, Old Iron Way, Boston has a single entry in the Land Registry from November 2021 and a single entry in the EPC database dated September 2021.
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.
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 47, Old Iron Way, Boston, we estimate a market value of £208,493 and a rental value of £960 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £184,665 and £850 per month respectively.
Over the last year, 47, Old Iron Way, Boston has seen its estimated sale value decrease by £7,135 (3.6%) and its estimated rental value grow by £27 per month (3.0%). This results in an estimated gross rental yield of 5.5%.
HM Land Registry records the plot of land for 47, Old Iron Way, Boston as measuring 177 m2.
That makes it the 25th largest plot in the postcode, where 33 of the 59 other houses have recorded plot data.
47, Old Iron Way, Boston has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 29 Sep 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
The most recent sale of 47, Old Iron Way, Boston completed on 26th November 2021 at £186,950 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 16.4% over the period since November 2021.
Over the past 2 years 3 properties similar to 47, Old Iron Way, Boston have sold within a radius of 650 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 8th December 2023, was 7, Old Iron Way, Boston, PE21 9EQ, a freehold house which sold for £225,000.
Read more about house prices in PE21.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 59 addresses on Old Iron Way, Boston, PE21, 47, Old Iron Way, Boston comes out as the 30th largest and the 29th most expensive in our analysis of the public data.
It is also £33k more expensive than the average property across the PE21 district.
From 47, Old Iron Way, Boston, the nearest station is Boston, 1.9 kilometres away.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around 47, Old Iron Way, Boston, 48.9% of property is privately owned outright and 34.4% is privately owned with a mortgage.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 47, Old Iron Way, Boston, 17.4% of residents are recorded as possessing school level qualifications and 27.7% as possessing degree level qualifications.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 47, Old Iron Way, Boston, the average age was 43.7 and the most common age was 57.
The graph below shows how this compares to East Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 47, Old Iron Way, Boston, 0.6% of property was a second home.
Comparison figures for East Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 47, Old Iron Way, Boston, there are an average of 1.6 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
