1, THE BELFRY, GRANTHAM, NG31 9QL - £273,000

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 THE BELFRY is a small extended detached house of 90m², built sometime between 1983 and 1990, which could now be worth an estimated £273,231. It was last sold for £273,000 in May 2022, which was around 25% below the average May 2022 detached price in the South Kesteven local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was C.

1 THE BELFRY Sold Prices

Land registry data shows four sales for 1 THE BELFRY 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 THE BELFRY 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
2022 27 MAY	£273,000	£364,351	25% below HPI
2014 15 APR	£159,950	£224,859	29% below HPI
2007 12 JAN	£160,000	£225,796	29% below HPI
2000 11 AUG	£80,000	£105,493	24% below HPI

1 THE BELFRY 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 THE BELFRY sales between August 2000 and May 2022 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 2014 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the May 2022 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 1 THE BELFRY be worth now?

1 THE BELFRY might now be worth an estimated £273,231.

This is based on house price inflation of 0.1%, between May 2022 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 0.1% inflationary increase is applied to the most recent sale price for 1 THE BELFRY of £273,000 on 27th May 2022. For the value to have increased from £273,000 to £273,231 over the three years and three months to February 2025, the following assumptions must hold true:

• The value of 1 THE BELFRY has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The May 2022 sale price of £273,000 represented a fair market value for the property.
• The size, condition, and specification of 1 THE BELFRY has not materially changed since May 2022.

How Large is 1 THE BELFRY?

1 THE BELFRY is 90m², which includes one extension, according to the EPC inspection conducted in September 2020. This puts it in the smallest 30% 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 THE BELFRY lies on this distribution: 27% of detached houses houses are smaller than 1 THE BELFRY, and 73% of houses are larger. Note that EPC data is not available for all properties in Grantham.

1 THE BELFRY: Plot and Title Map

1 THE BELFRY sits on a plot of roughly 0.083 of an acre, or 334m². The below map shows the location of 1 THE BELFRY, 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 THE BELFRY). 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 THE BELFRY?

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