1, SOUTHWELL CLOSE, GRANTHAM, NG31 8PL - £242,500

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 SOUTHWELL CLOSE is a very large extended detached house of 173m², built sometime between 1967 and 1975, which could now be worth an estimated £378,117. It was last sold for £242,500 in November 2014, which was around 4% above the average November 2014 detached price in the South Kesteven local authority area. The most recent EPC inspection was April 2010, where the current energy rating was D, and the potential energy rating was D.

1 SOUTHWELL CLOSE Sold Prices

Land registry data shows three sales for 1 SOUTHWELL 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. Two of the three 1 SOUTHWELL CLOSE sales were for above the average price, whilst one was 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
2014 5 NOV	£242,500	£233,869	4% above HPI
2010 30 APR	£120,000	£204,602	41% below HPI
2005 1 MAR	£220,000	£198,368	11% above HPI

1 SOUTHWELL 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 SOUTHWELL CLOSE sales between March 2005 and November 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 April 2010 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the November 2014 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might 1 SOUTHWELL CLOSE be worth now?

1 SOUTHWELL CLOSE might now be worth an estimated £378,117.

This is based on house price inflation of 55.9%, between November 2014 and February 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 55.9% inflationary increase is applied to the most recent sale price for 1 SOUTHWELL CLOSE of £242,500 on 5th November 2014. For the value to have increased from £242,500 to £378,117 over the eleven years and nine months to February 2025, the following assumptions must hold true:

• The value of 1 SOUTHWELL CLOSE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The November 2014 sale price of £242,500 represented a fair market value for the property.
• The size, condition, and specification of 1 SOUTHWELL CLOSE has not materially changed since November 2014.

How Large is 1 SOUTHWELL CLOSE?

1 SOUTHWELL CLOSE is 173m², which includes one extension, according to the EPC inspection conducted in April 2010. 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 SOUTHWELL CLOSE lies on this distribution: 90% of detached houses houses are smaller than 1 SOUTHWELL CLOSE, and 10% of houses are larger. Note that EPC data is not available for all properties in Grantham.

1 SOUTHWELL CLOSE: Plot and Title Map

1 SOUTHWELL CLOSE sits on a plot of roughly 0.151 of an acre, or 611m². The below map shows the location of 1 SOUTHWELL 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 SOUTHWELL 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 SOUTHWELL CLOSE?

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