The average property value in Boston is £199,766 according to property sale data for the year ending June 2021 published by HM Land Registry. Between the years ending June 2020 and June 2021, property values in Boston grew by £17,119. Compare house prices by area
Average property prices in Boston grew by 9.4% between the years ending June 2020 and June 2021. Between the years ending June 2011 and June 2021, property prices on average grew by 4.6% per year.
If prices in Boston continue to rise by 4.6% a year, the average property price will be £238,752 in 2025.
There were 814 property sales in Boston in the year ending June 2021, a decrease of 28 when compared to the previous year.
The average price for a house in Boston ranges from £131,183 for a terraced house to £244,847 for a detached house, with semi-detached in between costing on average £148,088.
The average price for a flat or maisonette in Boston is £90,091.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in Boston, detached house prices have risen the most between the years ending 2011 and 2021, and flat prices have grown the least.
Detached house prices have risen 50.5% from £162,663 to £244,847, semi-detached house prices have risen 32.7% from £111,630 to £148,088, terraced house prices have risen 40.8% from £93,166 to £131,183, and flat prices have risen 17.1% from £76,931 to £90,091.
The most common type of property sold in Boston during the year ending June 2021 was detached houses, which accounted for 57.2% of properties.
The least commonly available type of property sold in Boston were flats, which account for 2.0% of properties sold.
Of the properties sold in Boston during 2021, 5.4% were new build properties.
The average price paid for a new build property in Boston was £4,905 higher than the average price paid for an existing property.
Of the new build properties sold, the most common type was semi-detached houses (52% of new build properties sold). For existing properties, the most common type is detached houses (59% of existing properties sold).
The most common price band for property sales in Boston is £200k - £300k, which accounted for 21.9% of properties sold in 2021.
The cheapest properties in Boston were in the £50k - £100k price bracket, accounting for 5.2% of sales.
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Source: Office for National Statistics licensed under the Open Government Licence v.3.0. Contains OS data © Crown copyright and database right 2021. Data sources: ONS Local statistics