Boston

Area Guide For Boston

Boston is the capital of Massachusetts and its largest city, and is one of the oldest cities in the United States. The largest city in New England, Boston is regarded as the unofficial "Capital of New England" for its economic and cultural impact on the entire New England region. The city proper, covering only 48.43 square miles, had a population of 617,594 according to the 2010 U.S. Census. Boston is also the anchor of a substantially larger metropolitan area called Greater Boston, home to 4.5 million people and the tenth-largest metropolitan area in the country. Greater Boston as a commuting region is home to 7.6 million people, making it the fifth-largest Combined Statistical Area in the United States. In 1630, Puritan colonists from England founded the city on the Shawmut Peninsula. During the late 18th century, Boston was the location of several major events during the American Revolution, including the Boston Massacre and the Boston Tea Party. Several early battles of the American Revolution, such as the Battle of Bunker Hill and the Siege of Boston, occurred within the city and surrounding areas. Through land reclamation

 
 

Boston Map

Estimated Price: £152,437
Average Asking Price: £208,698
Price change in last one year: £7,931
Average Price Paid: £135,538
Average Rent Rates: £755

 
 

Property Prices Breakdown in Boston

Average Price for property in Boston is around £152,437 which varies based on type of property you are interested in and ranges from £189,809 for detached house to around £124,647 for semi-detached. Similarly terraced house is around £101,780 and a flat is worth £85,023. Values have been changing and have risen £1,629 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,445 in last 6 months, £7,931 in last 1 year, £15,059 in last 2 years, £14,820 in last 3 years, £10,406 in last 4 years and £11,794 in last 5 years.

Currently average asking price of a property in Boston is around £208,698 based on approximately 981 properties for sale. Same is the case with rental options based on 62 properties up for rent, average asking rent is around £755 per month.

Estimated property value in Boston is £152,437. Average asking price is £208,698 while average price paid is £140,171 which is up by £7,931 and Avg. asking rent £755.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Boston area. In last 1 year alone average price buyer paid is around £140,171 based on approximately 981 sales in Boston area alone. If you compare it to last 3 years sales of 2,755 properties where buyers paid around £137,340. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £135,538 for 4,436 and average amount paid for purchase of approx. 6,162 properties sold in last 7 years comes to about £135,346 per sale.

 
 

Properties For Sale in Boston

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £91,371, £136,679 for a 2 bedroom house, £169,098 for a 3 bedroom house, £252,262 for a 4 bedroom house and £364,009 for a 5 bedroom house. For a flat similarly the prices varies from £82,017 for a single bedroom to £95,645 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £85,000. To sum up the asking prices for properties in Boston it comes to around average £85,463 for 1 bedroom property, £128,162 for 2 bedroom, £168,750 for 3 bedroom, £252,262 for 4 bedroom and £364,009 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £480 for 1 bedroom to £558 for 2 bedroom, £659 for 3 bedroom and £849 for 4 bedroom. But if you are interested in renting a 2 bedroom flat then rent per month can be around £550. You should be generally be expecting around average £480 rent per month for single bedroom property, £557 for 2 bedroom, £659 for 3 bedroom and approximately £849 for 4 bedroom property in Boston area.

Popular Houses in Boston

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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