10, MERRICK CLOSE, GREAT GONERBY, GRANTHAM, NG31 8NL - £240,000

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.

10 MERRICK CLOSE is a midsized detached house of 121m², built sometime between 1996 and 2002, which could now be worth an estimated £361,932. It was last sold for £240,000 in June 2015, which was around 1% below the average June 2015 detached price in the South Kesteven local authority area. The most recent EPC inspection was September 2009, where the current energy rating was D, and the potential energy rating was C.

10 MERRICK CLOSE Sold Prices

Land registry data shows two sales for 10 MERRICK CLOSE 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. One of the two 10 MERRICK CLOSE sales was for below the average price, whilst the other was 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
2015 24 JUN	£240,000	£241,808	1% below HPI
2007 23 JUL	£241,250	£235,555	2% above HPI

10 MERRICK 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 two 10 MERRICK CLOSE sales from July 2007 and June 2015 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 July 2007 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the June 2015 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 10 MERRICK CLOSE be worth now?

10 MERRICK CLOSE might now be worth an estimated £361,932.

This is based on house price inflation of 50.8%, between June 2015 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 50.8% inflationary increase is applied to the most recent sale price for 10 MERRICK CLOSE of £240,000 on 24th June 2015. For the value to have increased from £240,000 to £361,932 over the ten years and four months to February 2025, the following assumptions must hold true:

• The value of 10 MERRICK CLOSE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The June 2015 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 10 MERRICK CLOSE has not materially changed since June 2015.

How Large is 10 MERRICK CLOSE?

10 MERRICK CLOSE is 121m² according to the EPC inspection conducted in September 2009. This puts it in the largest 50% of detached houses houses in Great Gonerby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Great Gonerby, and where 10 MERRICK CLOSE lies on this distribution: 52% of detached houses houses are smaller than 10 MERRICK CLOSE, and 48% of houses are larger. Note that EPC data is not available for all properties in Great Gonerby.

10 MERRICK CLOSE: Plot and Title Map

10 MERRICK CLOSE sits on a plot of roughly 0.120 of an acre, or 487m². The below map shows the location of 10 MERRICK 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 10 MERRICK 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 10 MERRICK CLOSE?

10 MERRICK CLOSE is located in GREAT GONERBY, in the NG31 postcode district. The below map shows the position of No. 10 on MERRICK CLOSE.