1, MALVERN DRIVE, GONERBY HILL FOOT, GRANTHAM, NG31 8GA - £120,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 MALVERN DRIVE is a large extended detached house of 120m², built sometime between 1991 and 1995. It was last sold for £120,000 in April 2002, which was around 10% below the average April 2002 detached price in the South Kesteven local authority area. The most recent EPC inspection was January 2024, where the current energy rating was C, and the potential energy rating was B.

1 MALVERN DRIVE Sold Prices

Land registry data shows two sales for 1 MALVERN 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. One of the two 1 MALVERN DRIVE sales was for below the average price, whilst the other was for above 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
2002 18 APR	£120,000	£132,625	10% below HPI
1996 31 JUL	£74,500	£73,113	2% above HPI

1 MALVERN 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 MALVERN DRIVE sales from July 1996 and April 2002 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 July 1996 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the April 2002 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 1 MALVERN DRIVE?

1 MALVERN DRIVE is 120m², which includes four extensions, according to the EPC inspection conducted in January 2024. This puts it in the largest 40% of detached houses in Grantham, based on EPC data. The below chart shows the distribution of detached houses by size in Grantham, and where 1 MALVERN DRIVE lies on this distribution: 60% of detached houses are smaller than 1 MALVERN DRIVE, and 38% of houses are larger. Note that EPC data is not available for all properties in Grantham.

1 MALVERN DRIVE: Plot and Title Map

1 MALVERN DRIVE sits on a plot of roughly 0.099 of an acre, or 399m². The below map shows the location of 1 MALVERN 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 MALVERN 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 MALVERN DRIVE?

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