1, RIBER CLOSE, GRANTHAM, NG31 8TU - £204,000

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 RIBER CLOSE is a small detached house of 92m², built sometime between 1996 and 2002. It was last sold for £204,000 in December 2016, which was around 25% below the average December 2016 detached price in the South Kesteven local authority area. The most recent EPC inspection was December 2022, where the current energy rating was C, and the potential energy rating was B.

1 RIBER CLOSE Sold Prices

Land registry data shows four sales for 1 RIBER CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. All of the four 1 RIBER 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
2016 2 DEC	£204,000	£272,264	25% below HPI
2011 10 JAN	£185,000	£212,188	13% below HPI
2003 4 JUL	£145,000	£179,990	19% below HPI
2001 16 NOV	£97,995	£121,508	19% below HPI

1 RIBER 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 four 1 RIBER CLOSE sales between November 2001 and December 2016 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 January 2011 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the December 2016 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 1 RIBER CLOSE?

1 RIBER CLOSE is 92m² according to the EPC inspection conducted in December 2022. This puts it in the smallest 30% 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 RIBER CLOSE lies on this distribution: 28% of detached houses are smaller than 1 RIBER CLOSE, and 71% of houses are larger. Note that EPC data is not available for all properties in Grantham.

1 RIBER CLOSE: Plot and Title Map

1 RIBER CLOSE sits on a plot of roughly 0.076 of an acre, or 308m². The below map shows the location of 1 RIBER 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 RIBER 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 RIBER CLOSE?

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