1, CARMARTHEN CLOSE, GRANTHAM, NG31 8TX - £245,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 CARMARTHEN CLOSE is a midsized extended detached house of 110m², built sometime between 1996 and 2002, which could now be worth an estimated £292,644. It was last sold for £245,000 in June 2020, which was around 20% below the average June 2020 detached price in the South Kesteven local authority area. The most recent EPC inspection was September 2019, where the current energy rating was A, and the potential energy rating was A.

1 CARMARTHEN CLOSE Sold Prices

Land registry data shows five sales for 1 CARMARTHEN CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. All of the five 1 CARMARTHEN CLOSE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2020 19 JUN	£245,000	£305,291	20% below HPI
2014 24 NOV	£180,000	£233,869	23% below HPI
2013 20 FEB	£175,000	£211,077	17% below HPI
2004 27 FEB	£164,950	£184,428	11% below HPI
2001 30 APR	£82,645	£115,097	28% below HPI

1 CARMARTHEN CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Kesteven local authority area over time, sourced from the HPI. The five 1 CARMARTHEN CLOSE sales between April 2001 and June 2020 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the November 2014 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the June 2020 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 1 CARMARTHEN CLOSE be worth now?

1 CARMARTHEN CLOSE might now be worth an estimated £292,644.

This is based on house price inflation of 19.4%, between June 2020 and February 2025, for detached houses, in the South Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 19.4% inflationary increase is applied to the most recent sale price for 1 CARMARTHEN CLOSE of £245,000 on 19th June 2020. For the value to have increased from £245,000 to £292,644 over the five years and four months to February 2025, the following assumptions must hold true:

• The value of 1 CARMARTHEN CLOSE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The June 2020 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 1 CARMARTHEN CLOSE has not materially changed since June 2020.

How Large is 1 CARMARTHEN CLOSE?

1 CARMARTHEN CLOSE is 110m², which includes two extensions, according to the EPC inspection conducted in September 2019. This puts it in the smallest 50% of detached houses houses in Grantham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Grantham, and where 1 CARMARTHEN CLOSE lies on this distribution: 47% of detached houses houses are smaller than 1 CARMARTHEN CLOSE, and 52% of houses are larger. Note that EPC data is not available for all properties in Grantham.

1 CARMARTHEN CLOSE: Plot and Title Map

1 CARMARTHEN CLOSE sits on a plot of roughly 0.066 of an acre, or 267m². The below map shows the location of 1 CARMARTHEN CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 CARMARTHEN CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 CARMARTHEN CLOSE?

1 CARMARTHEN CLOSE is located in GRANTHAM, in the NG31 postcode district. The below map shows the position of No. 1 on CARMARTHEN CLOSE.