14, LICHFIELD CLOSE, GRANTHAM, NG31 8RS - £220,000

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 LICHFIELD CLOSE is a very small detached house of 47m², built sometime between 1967 and 1975. It was last sold for £220,000 in June 2021, which was around 33% below the average June 2021 detached price in the South Kesteven local authority area. The most recent EPC inspection was April 2021, where the current energy rating was D, and the potential energy rating was B.

14 LICHFIELD CLOSE Sold Prices

Land registry data shows two sales for 14 LICHFIELD 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 14 LICHFIELD 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
2021 25 JUN	£220,000	£328,593	33% below HPI
2001 15 AUG	£78,000	£122,880	37% below HPI

14 LICHFIELD 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 14 LICHFIELD CLOSE sales from August 2001 and June 2021 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 2001 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the June 2021 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 14 LICHFIELD CLOSE?

14 LICHFIELD CLOSE is 47m² according to the EPC inspection conducted in April 2021. This puts it in the smallest 10% 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 LICHFIELD CLOSE lies on this distribution: Less than 1% of detached houses are smaller than 14 LICHFIELD CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Grantham.

14 LICHFIELD CLOSE: Plot and Title Map

14 LICHFIELD CLOSE sits on a plot of roughly 0.095 of an acre, or 385m². The below map shows the location of 14 LICHFIELD 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 14 LICHFIELD 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 14 LICHFIELD CLOSE?

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