1, DURHAM CLOSE, GRANTHAM, NG31 8RH - £155,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 DURHAM CLOSE is a very small extended detached house of 81m², built sometime between 1976 and 1982, which could now be worth an estimated £272,729. It was last sold for £155,000 in May 2010, which was around 26% below the average May 2010 detached price in the South Kesteven local authority area. The most recent EPC inspection was May 2019, where the current energy rating was C, and the potential energy rating was B.

1 DURHAM CLOSE Sold Prices

Land registry data shows three sales for 1 DURHAM CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. All of the three 1 DURHAM 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
2010 12 MAY	£155,000	£209,336	26% below HPI
2009 14 AUG	£120,000	£198,597	40% below HPI
2001 2 FEB	£76,750	£112,983	32% below HPI

1 DURHAM 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 three 1 DURHAM CLOSE sales between February 2001 and May 2010 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 August 2009 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the May 2010 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 1 DURHAM CLOSE be worth now?

1 DURHAM CLOSE might now be worth an estimated £272,729.

This is based on house price inflation of 76%, between May 2010 and December 2024, 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 76% inflationary increase is applied to the most recent sale price for 1 DURHAM CLOSE of £155,000 on 12th May 2010. For the value to have increased from £155,000 to £272,729 over the thirteen years and five months to December 2024, the following assumptions must hold true:

• The value of 1 DURHAM CLOSE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The May 2010 sale price of £155,000 represented a fair market value for the property.
• The size, condition, and specification of 1 DURHAM CLOSE has not materially changed since May 2010.

How Large is 1 DURHAM CLOSE?

1 DURHAM CLOSE is 81m², which includes one extension, according to the EPC inspection conducted in May 2019. This puts it in the smallest 20% 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 DURHAM CLOSE lies on this distribution: 19% of detached houses houses are smaller than 1 DURHAM CLOSE, and 80% of houses are larger. Note that EPC data is not available for all properties in Grantham.

1 DURHAM CLOSE: Plot and Title Map

1 DURHAM CLOSE sits on a plot of roughly 0.095 of an acre, or 383m². The below map shows the location of 1 DURHAM 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 DURHAM 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 DURHAM CLOSE?

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