12, ORANGEWOOD CLOSE, GONERBY HILL FOOT, GRANTHAM, NG31 8QW - £216,000

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.

12 ORANGEWOOD CLOSE is a midsized detached house of 118m², built sometime between 1991 and 1995, which could now be worth an estimated £320,629. It was last sold for £216,000 in September 2015, which was around 13% below the average September 2015 detached price in the South Kesteven local authority area. The most recent EPC inspection was January 2011, where the current energy rating was D, and the potential energy rating was C.

12 ORANGEWOOD CLOSE Sold Prices

Land registry data shows three sales for 12 ORANGEWOOD CLOSE 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 12 ORANGEWOOD 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
2015 23 SEP	£216,000	£246,923	13% below HPI
2012 29 AUG	£206,000	£215,120	4% below HPI
1999 31 MAR	£84,750	£88,174	4% below HPI

12 ORANGEWOOD 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 three 12 ORANGEWOOD CLOSE sales between March 1999 and September 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 August 2012 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the September 2015 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 12 ORANGEWOOD CLOSE be worth now?

12 ORANGEWOOD CLOSE might now be worth an estimated £320,629.

This is based on house price inflation of 48.4%, between September 2015 and March 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 48.4% inflationary increase is applied to the most recent sale price for 12 ORANGEWOOD CLOSE of £216,000 on 23rd September 2015. For the value to have increased from £216,000 to £320,629 over the ten years and six months to March 2025, the following assumptions must hold true:

• The value of 12 ORANGEWOOD CLOSE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The September 2015 sale price of £216,000 represented a fair market value for the property.
• The size, condition, and specification of 12 ORANGEWOOD CLOSE has not materially changed since September 2015.

How Large is 12 ORANGEWOOD CLOSE?

12 ORANGEWOOD CLOSE is 118m² according to the EPC inspection conducted in January 2011. 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 ORANGEWOOD CLOSE lies on this distribution: 59% of detached houses houses are smaller than 12 ORANGEWOOD CLOSE, and 41% of houses are larger. Note that EPC data is not available for all properties in Grantham.

12 ORANGEWOOD CLOSE: Plot and Title Map

12 ORANGEWOOD CLOSE sits on a plot of roughly 0.089 of an acre, or 362m². The below map shows the location of 12 ORANGEWOOD 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 ORANGEWOOD 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 ORANGEWOOD CLOSE?

12 ORANGEWOOD CLOSE is located in GONERBY HILL FOOT, in the NG31 postcode district. The below map shows the position of No. 12 on ORANGEWOOD CLOSE.