1, LILACWOOD DRIVE, GONERBY HILL FOOT, GRANTHAM, NG31 8GS - £182,000

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 LILACWOOD DRIVE is a small extended detached house of 91m², built sometime between 1983 and 1990, which could now be worth an estimated £285,055. It was last sold for £182,000 in February 2015, which was around 22% below the average February 2015 detached price in the South Kesteven local authority area. The most recent EPC inspection was September 2012, where the current energy rating was E, and the potential energy rating was C.

1 LILACWOOD DRIVE Sold Prices

Land registry data shows two sales for 1 LILACWOOD DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. Both of the two 1 LILACWOOD DRIVE 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
2015 5 FEB	£182,000	£232,825	22% below HPI
1996 24 MAY	£64,500	£68,153	5% below HPI

1 LILACWOOD DRIVE 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 two 1 LILACWOOD DRIVE sales from May 1996 and February 2015 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 May 1996 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the February 2015 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 1 LILACWOOD DRIVE be worth now?

1 LILACWOOD DRIVE might now be worth an estimated £285,055.

This is based on house price inflation of 56.6%, between February 2015 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 56.6% inflationary increase is applied to the most recent sale price for 1 LILACWOOD DRIVE of £182,000 on 5th February 2015. For the value to have increased from £182,000 to £285,055 over the ten years to February 2025, the following assumptions must hold true:

• The value of 1 LILACWOOD DRIVE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The February 2015 sale price of £182,000 represented a fair market value for the property.
• The size, condition, and specification of 1 LILACWOOD DRIVE has not materially changed since February 2015.

How Large is 1 LILACWOOD DRIVE?

1 LILACWOOD DRIVE is 91m², which includes one extension, according to the EPC inspection conducted in September 2012. This puts it in the smallest 30% 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 LILACWOOD DRIVE lies on this distribution: 27% of detached houses houses are smaller than 1 LILACWOOD DRIVE, and 72% of houses are larger. Note that EPC data is not available for all properties in Grantham.

1 LILACWOOD DRIVE: Plot and Title Map

1 LILACWOOD DRIVE sits on a plot of roughly 0.066 of an acre, or 266m². The below map shows the location of 1 LILACWOOD DRIVE, 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 LILACWOOD DRIVE). 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 LILACWOOD DRIVE?

1 LILACWOOD DRIVE is located in GONERBY HILL FOOT, in the NG31 postcode district. The below map shows the position of No. 1 on LILACWOOD DRIVE.