1, RICHMOND DRIVE, GRANTHAM, NG31 8UD - £260,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 RICHMOND DRIVE is a large detached house of 122m², built sometime between 1996 and 2002. It was last sold for £260,000 in May 2021, which was around 20% below the average May 2021 detached price in the South Kesteven local authority area. The most recent EPC inspection was July 2016, where the current energy rating was C, and the potential energy rating was B.

1 RICHMOND DRIVE Sold Prices

Land registry data shows two sales for 1 RICHMOND 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. Both of the two 1 RICHMOND DRIVE 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
2021 27 MAY	£260,000	£325,001	20% below HPI
2002 2 SEP	£141,500	£151,364	7% below HPI

1 RICHMOND 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 RICHMOND DRIVE sales from September 2002 and May 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 September 2002 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the May 2021 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 1 RICHMOND DRIVE?

1 RICHMOND DRIVE is 122m² according to the EPC inspection conducted in July 2016. 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 RICHMOND DRIVE lies on this distribution: 63% of detached houses are smaller than 1 RICHMOND DRIVE, and 37% of houses are larger. Note that EPC data is not available for all properties in Grantham.

1 RICHMOND DRIVE: Plot and Title Map

1 RICHMOND DRIVE sits on a plot of roughly 0.084 of an acre, or 341m². The below map shows the location of 1 RICHMOND 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 RICHMOND 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 RICHMOND DRIVE?

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