11, SHORWELL CLOSE, GRANTHAM, NG31 7LL - £190,000

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

11 SHORWELL CLOSE is a very small detached house of 81m², built sometime between 1967 and 1975. It was last sold for £190,000 in December 2023, which was around 48% below the average December 2023 detached price in the South Kesteven local authority area. The most recent EPC inspection was May 2023, where the current energy rating was D, and the potential energy rating was B.

11 SHORWELL CLOSE Sold Prices

Land registry data shows two sales for 11 SHORWELL 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. Both of the two 11 SHORWELL CLOSE 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 14 DEC	£190,000	£367,855	48% below HPI
2004 16 APR	£105,000	£190,867	45% below HPI

11 SHORWELL 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 11 SHORWELL CLOSE sales from April 2004 and December 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 April 2004 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the December 2023 sale, where it falls to 48% below the HPI. The line then continues to track at 48% below the HPI.

How Large is 11 SHORWELL CLOSE?

11 SHORWELL CLOSE is 81m² according to the EPC inspection conducted in May 2023. This puts it in the smallest 20% of detached houses in Grantham, based on EPC data. The below chart shows the distribution of detached houses by size in Grantham, and where 11 SHORWELL CLOSE lies on this distribution: 19% of detached houses are smaller than 11 SHORWELL CLOSE, and 81% of houses are larger. Note that EPC data is not available for all properties in Grantham.

11 SHORWELL CLOSE: Plot and Title Map

11 SHORWELL CLOSE sits on a plot of roughly 0.112 of an acre, or 454m². The below map shows the location of 11 SHORWELL 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 11 SHORWELL 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 11 SHORWELL CLOSE?

11 SHORWELL CLOSE is located in GRANTHAM, in the NG31 postcode district. The below map shows the position of No. 11 on SHORWELL CLOSE.