1, RICHMOND CLOSE, CAYTHORPE, GRANTHAM, NG32 3FB - £235,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 RICHMOND CLOSE is a small detached house of 120m², built sometime between 1996 and 2002, which could now be worth an estimated £389,134. It was last sold for £235,000 in July 2014, which was around 6% above the average July 2014 detached price in the South Kesteven local authority area. The most recent EPC inspection was March 2009, where the current energy rating was D, and the potential energy rating was C.

1 RICHMOND CLOSE Sold Prices

Land registry data shows three sales for 1 RICHMOND 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 RICHMOND 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
2014 22 JUL	£235,000	£222,440	6% above HPI
2010 29 JAN	£215,000	£212,142	1% above HPI
1998 21 DEC	£89,000	£87,030	2% above HPI

1 RICHMOND 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 RICHMOND CLOSE sales between December 1998 and July 2014 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 2010 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the July 2014 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might 1 RICHMOND CLOSE be worth now?

1 RICHMOND CLOSE might now be worth an estimated £389,134.

This is based on house price inflation of 65.6%, between July 2014 and December 2024, 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 65.6% inflationary increase is applied to the most recent sale price for 1 RICHMOND CLOSE of £235,000 on 22nd July 2014. For the value to have increased from £235,000 to £389,134 over the nine years and seven months to December 2024, the following assumptions must hold true:

• The value of 1 RICHMOND CLOSE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The July 2014 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 1 RICHMOND CLOSE has not materially changed since July 2014.

How Large is 1 RICHMOND CLOSE?

1 RICHMOND CLOSE is 120m² according to the EPC inspection conducted in March 2009. This puts it in the smallest 40% of detached houses houses in Caythorpe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Caythorpe, and where 1 RICHMOND CLOSE lies on this distribution: 40% of detached houses houses are smaller than 1 RICHMOND CLOSE, and 60% of houses are larger. Note that EPC data is not available for all properties in Caythorpe.

1 RICHMOND CLOSE: Plot and Title Map

1 RICHMOND CLOSE sits on a plot of roughly 0.137 of an acre, or 555m². The below map shows the location of 1 RICHMOND 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 RICHMOND 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 RICHMOND CLOSE?

1 RICHMOND CLOSE is located in CAYTHORPE, in the NG32 postcode district. The below map shows the position of No. 1 on RICHMOND CLOSE.