14, FIRST AVENUE, GRANTHAM, NG31 9TN - £265,000

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

14 FIRST AVENUE is a small extended detached house of 91m², built sometime between 1967 and 1975. It was last sold for £265,000 in June 2023, which was around 29% below the average June 2023 detached price in the South Kesteven local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was B.

14 FIRST AVENUE Sold Prices

Land registry data shows three sales for 14 FIRST AVENUE 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 14 FIRST AVENUE 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
2023 29 JUN	£265,000	£370,706	29% below HPI
2022 22 NOV	£250,000	£381,399	34% below HPI
2021 25 FEB	£230,500	£329,337	30% below HPI

14 FIRST AVENUE 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 14 FIRST AVENUE sales between February 2021 and June 2023 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 November 2022 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the June 2023 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 14 FIRST AVENUE?

14 FIRST AVENUE is 91m², which includes one extension, according to the EPC inspection conducted in July 2020. This puts it in the smallest 30% of detached houses in Grantham, based on EPC data. The below chart shows the distribution of detached houses by size in Grantham, and where 14 FIRST AVENUE lies on this distribution: 28% of detached houses are smaller than 14 FIRST AVENUE, and 72% of houses are larger. Note that EPC data is not available for all properties in Grantham.

14 FIRST AVENUE: Plot and Title Map

14 FIRST AVENUE sits on a plot of roughly 0.097 of an acre, or 394m². The below map shows the location of 14 FIRST AVENUE, 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 14 FIRST AVENUE). 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 14 FIRST AVENUE?

14 FIRST AVENUE is located in GRANTHAM, in the NG31 postcode district. The below map shows the position of No. 14 on FIRST AVENUE.