1, MONTGOMERY CLOSE, GRANTHAM, NG31 7GG - £420,000

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 MONTGOMERY CLOSE is a very large extended detached house of 211m², built sometime between 2007 and 2011, which could now be worth an estimated £475,257. It was last sold for £420,000 in February 2021, which was around 30% above the average February 2021 detached price in the South Kesteven local authority area. The most recent EPC inspection was November 2020, where the current energy rating was C, and the potential energy rating was B.

1 MONTGOMERY CLOSE Sold Prices

Land registry data shows three sales for 1 MONTGOMERY 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 MONTGOMERY 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
2021 19 FEB	£420,000	£323,915	30% above HPI
2017 28 JUN	£295,000	£278,075	6% above HPI
2009 15 SEP	£250,000	£196,967	27% above HPI

1 MONTGOMERY 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 MONTGOMERY CLOSE sales between September 2009 and February 2021 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 June 2017 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the February 2021 sale, where it rises to 30% above the HPI. The line then continues to track at 30% above the HPI.

What might 1 MONTGOMERY CLOSE be worth now?

1 MONTGOMERY CLOSE might now be worth an estimated £475,257.

This is based on house price inflation of 13.2%, between February 2021 and March 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 13.2% inflationary increase is applied to the most recent sale price for 1 MONTGOMERY CLOSE of £420,000 on 19th February 2021. For the value to have increased from £420,000 to £475,257 over the three years and eleven months to March 2025, the following assumptions must hold true:

• The value of 1 MONTGOMERY CLOSE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The February 2021 sale price of £420,000 represented a fair market value for the property.
• The size, condition, and specification of 1 MONTGOMERY CLOSE has not materially changed since February 2021.

How Large is 1 MONTGOMERY CLOSE?

1 MONTGOMERY CLOSE is 211m², which includes one extension, according to the EPC inspection conducted in November 2020. This puts it in the largest 10% 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 MONTGOMERY CLOSE lies on this distribution: 96% of detached houses houses are smaller than 1 MONTGOMERY CLOSE, and 3% of houses are larger. Note that EPC data is not available for all properties in Grantham.

1 MONTGOMERY CLOSE: Plot and Title Map

1 MONTGOMERY CLOSE sits on a plot of roughly 0.222 of an acre, or 900m². The below map shows the location of 1 MONTGOMERY 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 MONTGOMERY 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 MONTGOMERY CLOSE?

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