1, MILL CLOSE, GRANTHAM, NG31 9RP - £299,000

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 MILL CLOSE is a small extended detached house of 102m², built sometime between 1950 and 1966. It was last sold for £299,000 in December 2015, which was around 13% above the average December 2015 detached price in the South Kesteven local authority area. The most recent EPC inspection was February 2015, where the current energy rating was D, and the potential energy rating was C.

1 MILL CLOSE Sold Prices

Land registry data shows two sales for 1 MILL CLOSE 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 MILL CLOSE sales were 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
2015 3 DEC	£299,000	£264,945	13% above HPI
2002 30 MAY	£149,000	£137,835	8% above HPI

1 MILL 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 two 1 MILL CLOSE sales from May 2002 and December 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 2002 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the December 2015 sale, where it rises to 13% above the HPI. The line then continues to track at 13% above the HPI.

How Large is 1 MILL CLOSE?

1 MILL CLOSE is 102m², which includes one extension, according to the EPC inspection conducted in February 2015. This puts it in the smallest 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 MILL CLOSE lies on this distribution: 39% of detached houses are smaller than 1 MILL CLOSE, and 60% of houses are larger. Note that EPC data is not available for all properties in Grantham.

1 MILL CLOSE: Plot and Title Map

1 MILL CLOSE sits on a plot of roughly 0.286 of an acre, or 1,157m². The below map shows the location of 1 MILL 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 MILL 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 MILL CLOSE?

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