1, VALE ROAD, GONERBY HILL FOOT, GRANTHAM, NG31 8HR - £282,500

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 VALE ROAD is a midsized extended detached house of 103m², built sometime between 1930 and 1949. It was last sold for £282,500 in August 2023, which was around 25% below the average August 2023 detached price in the South Kesteven local authority area. The most recent EPC inspection was July 2023, where the current energy rating was D, and the potential energy rating was B.

1 VALE ROAD Sold Prices

Land registry data shows four sales for 1 VALE ROAD 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 VALE ROAD 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
2023 2 AUG	£282,500	£377,476	25% below HPI
2021 18 MAR	£205,000	£329,215	38% below HPI
2006 25 AUG	£186,000	£230,592	19% below HPI
2005 11 NOV	£147,000	£214,318	31% below HPI

1 VALE ROAD 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 VALE ROAD sales between November 2005 and August 2023 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 March 2021 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the August 2023 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 1 VALE ROAD?

1 VALE ROAD is 103m², which includes three extensions, according to the EPC inspection conducted in July 2023. This puts it in the smallest 50% 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 VALE ROAD lies on this distribution: 40% of detached houses are smaller than 1 VALE ROAD, and 59% of houses are larger. Note that EPC data is not available for all properties in Grantham.

1 VALE ROAD: Plot and Title Map

1 VALE ROAD sits on a plot of roughly 0.094 of an acre, or 379m². The below map shows the location of 1 VALE ROAD, 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 VALE ROAD). 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 VALE ROAD?

1 VALE ROAD is located in GONERBY HILL FOOT, in the NG31 postcode district. The below map shows the position of No. 1 on VALE ROAD.