12, RICHMOND DRIVE, GRANTHAM, NG31 8UD - £275,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

12 RICHMOND DRIVE is a very large extended detached house of 168m², built sometime between 2003 and 2006. It was last sold for £275,000 in March 2016, which was around 6% above the average March 2016 detached price in the South Kesteven local authority area. The most recent EPC inspection was November 2015, where the current energy rating was C, and the potential energy rating was B.

12 RICHMOND DRIVE Sold Prices

Land registry data shows two sales for 12 RICHMOND DRIVE 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 RICHMOND DRIVE sales were 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
2016 18 MAR	£275,000	£259,840	6% above HPI
2003 16 APR	£212,995	£168,989	26% above HPI

12 RICHMOND DRIVE 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 RICHMOND DRIVE sales from April 2003 and March 2016 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 2003 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the March 2016 sale, where it falls to 6% above the HPI. The line then continues to track at 6% above the HPI.

How Large is 12 RICHMOND DRIVE?

12 RICHMOND DRIVE is 168m², which includes two extensions, according to the EPC inspection conducted in November 2015. This puts it in the largest 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 12 RICHMOND DRIVE lies on this distribution: 89% of detached houses are smaller than 12 RICHMOND DRIVE, and 11% of houses are larger. Note that EPC data is not available for all properties in Grantham.

12 RICHMOND DRIVE: Plot and Title Map

12 RICHMOND DRIVE sits on a plot of roughly 0.092 of an acre, or 371m². The below map shows the location of 12 RICHMOND DRIVE, 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 RICHMOND DRIVE). 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 RICHMOND DRIVE?

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