11, WESTMINSTER WAY, GRANTHAM, NG31 8PQ - £160,000

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.

11 WESTMINSTER WAY is a very small detached house of 63m², built sometime between 1983 and 1990, which could now be worth an estimated £273,717. It was last sold for £160,000 in December 2012, which was around 25% below the average December 2012 detached price in the South Kesteven local authority area. The most recent EPC inspection was July 2012, where the current energy rating was D, and the potential energy rating was B.

11 WESTMINSTER WAY Sold Prices

Land registry data shows three sales for 11 WESTMINSTER WAY 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. All of the three 11 WESTMINSTER WAY 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
2012 11 DEC	£160,000	£213,160	25% below HPI
2008 14 MAY	£167,000	£238,311	30% below HPI
2007 5 APR	£154,950	£231,260	33% below HPI

11 WESTMINSTER WAY 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 11 WESTMINSTER WAY sales between April 2007 and December 2012 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 May 2008 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the December 2012 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 11 WESTMINSTER WAY be worth now?

11 WESTMINSTER WAY might now be worth an estimated £273,717.

This is based on house price inflation of 71.1%, between December 2012 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 71.1% inflationary increase is applied to the most recent sale price for 11 WESTMINSTER WAY of £160,000 on 11th December 2012. For the value to have increased from £160,000 to £273,717 over the thirteen years and ten months to February 2025, the following assumptions must hold true:

• The value of 11 WESTMINSTER WAY has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The December 2012 sale price of £160,000 represented a fair market value for the property.
• The size, condition, and specification of 11 WESTMINSTER WAY has not materially changed since December 2012.

How Large is 11 WESTMINSTER WAY?

11 WESTMINSTER WAY is 63m² according to the EPC inspection conducted in July 2012. This puts it in the smallest 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 11 WESTMINSTER WAY lies on this distribution: 6% of detached houses houses are smaller than 11 WESTMINSTER WAY, and 94% of houses are larger. Note that EPC data is not available for all properties in Grantham.

11 WESTMINSTER WAY: Plot and Title Map

11 WESTMINSTER WAY sits on a plot of roughly 0.113 of an acre, or 457m². The below map shows the location of 11 WESTMINSTER WAY, 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 WESTMINSTER WAY). 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 WESTMINSTER WAY?

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