15, MERRICK CLOSE, GREAT GONERBY, GRANTHAM, NG31 8NL - £223,000

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

15 MERRICK CLOSE is a large extended detached house of 129m², built sometime between 1996 and 2002. It was last sold for £223,000 in June 2015, which was around 9% below the average June 2015 detached price in the South Kesteven local authority area. The most recent EPC inspection was September 2022, where the current energy rating was B, and the potential energy rating was B.

15 MERRICK CLOSE Sold Prices

Land registry data shows two sales for 15 MERRICK 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 15 MERRICK 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 15 JUN	£223,000	£245,855	9% below HPI
2001 20 AUG	£100,000	£122,880	19% below HPI

15 MERRICK 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 15 MERRICK CLOSE sales from August 2001 and June 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 2001 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the June 2015 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 15 MERRICK CLOSE?

15 MERRICK CLOSE is 129m², which includes two extensions, according to the EPC inspection conducted in September 2022. This puts it in the largest 40% of detached houses in Great Gonerby, based on EPC data. The below chart shows the distribution of detached houses by size in Great Gonerby, and where 15 MERRICK CLOSE lies on this distribution: 60% of detached houses are smaller than 15 MERRICK CLOSE, and 38% of houses are larger. Note that EPC data is not available for all properties in Great Gonerby.

15 MERRICK CLOSE: Plot and Title Map

15 MERRICK CLOSE sits on a plot of roughly 0.049 of an acre, or 197m². The below map shows the location of 15 MERRICK 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 15 MERRICK 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 15 MERRICK CLOSE?

15 MERRICK CLOSE is located in GREAT GONERBY, in the NG31 postcode district. The below map shows the position of No. 15 on MERRICK CLOSE.