12, BAMBURGH CLOSE, GRANTHAM, NG31 8UL - £295,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

12 BAMBURGH CLOSE is a midsized detached house of 111m². It was last sold for £295,000 in May 2024, which was around 19% below the average May 2024 detached price in the South Kesteven local authority area. The most recent EPC inspection was January 2015, where the current energy rating was B, and the potential energy rating was A.

12 BAMBURGH CLOSE Sold Prices

Land registry data shows two sales for 12 BAMBURGH 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 12 BAMBURGH 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
2024 3 MAY	£295,000	£362,041	19% below HPI
2015 30 JAN	£215,156	£231,404	7% below HPI

12 BAMBURGH 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 12 BAMBURGH CLOSE sales from January 2015 and May 2024 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 January 2015 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the May 2024 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 12 BAMBURGH CLOSE be worth now?

12 BAMBURGH CLOSE might now be worth an estimated £300,129.

This is based on house price inflation of 1.7%, between May 2024 and December 2024, 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 1.7% inflationary increase is applied to the most recent sale price for 12 BAMBURGH CLOSE of £295,000 on 3rd May 2024. For the value to have increased from £295,000 to £300,129 over the five months to December 2024, the following assumptions must hold true:

• The value of 12 BAMBURGH CLOSE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The May 2024 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 12 BAMBURGH CLOSE has not materially changed since May 2024.

How Large is 12 BAMBURGH CLOSE?

12 BAMBURGH CLOSE is 111m² according to the EPC inspection conducted in January 2015. This puts it in the largest 50% 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 12 BAMBURGH CLOSE lies on this distribution: 48% of detached houses houses are smaller than 12 BAMBURGH CLOSE, and 49% of houses are larger. Note that EPC data is not available for all properties in Grantham.

12 BAMBURGH CLOSE: Plot and Title Map

12 BAMBURGH CLOSE sits on a plot of roughly 0.059 of an acre, or 239m². The below map shows the location of 12 BAMBURGH 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 12 BAMBURGH 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 12 BAMBURGH CLOSE?

12 BAMBURGH CLOSE is located in GRANTHAM, in the NG31 postcode district. The below map shows the position of No. 12 on BAMBURGH CLOSE.