121, BALMORAL DRIVE, GRANTHAM, NG31 8SY - £345,000

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

121 BALMORAL DRIVE is a small detached house of 98m². It was last sold for £345,000 in November 2022, which was around 10% below the average November 2022 detached price in the South Kesteven local authority area. The most recent EPC inspection was January 2019, where the current energy rating was B, and the potential energy rating was A.

121 BALMORAL DRIVE Sold Prices

Land registry data shows two sales for 121 BALMORAL 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 121 BALMORAL DRIVE 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
2022 3 NOV	£345,000	£381,399	10% below HPI
2019 22 FEB	£250,000	£298,165	16% below HPI

121 BALMORAL 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 121 BALMORAL DRIVE sales from February 2019 and November 2022 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 February 2019 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the November 2022 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 121 BALMORAL DRIVE?

121 BALMORAL DRIVE is 98m² according to the EPC inspection conducted in January 2019. This puts it in the smallest 40% of detached houses in Grantham, based on EPC data. The below chart shows the distribution of detached houses by size in Grantham, and where 121 BALMORAL DRIVE lies on this distribution: 34% of detached houses are smaller than 121 BALMORAL DRIVE, and 64% of houses are larger. Note that EPC data is not available for all properties in Grantham.

121 BALMORAL DRIVE: Plot and Title Map

121 BALMORAL DRIVE sits on a plot of roughly 0.073 of an acre, or 296m². The below map shows the location of 121 BALMORAL 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 121 BALMORAL 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 121 BALMORAL DRIVE?

121 BALMORAL DRIVE is located in GRANTHAM, in the NG31 postcode district. The below map shows the position of No. 121 on BALMORAL DRIVE.