15, RIBER CLOSE, GRANTHAM, NG31 8TU - £230,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

15 RIBER CLOSE is a small extended detached house of 102m², built sometime between 1996 and 2002. It was last sold for £230,000 in February 2021, which was around 29% below the average February 2021 detached price in the South Kesteven local authority area. The most recent EPC inspection was June 2016, where the current energy rating was D, and the potential energy rating was B.

15 RIBER CLOSE Sold Prices

Land registry data shows three sales for 15 RIBER CLOSE 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 15 RIBER 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 26 FEB	£230,000	£323,915	29% below HPI
2014 14 AUG	£150,000	£227,957	34% below HPI
2001 14 DEC	£101,995	£120,308	15% below HPI

15 RIBER 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 three 15 RIBER CLOSE sales between December 2001 and February 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 2014 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the February 2021 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 15 RIBER CLOSE be worth now?

15 RIBER CLOSE might now be worth an estimated £261,542.

This is based on house price inflation of 13.7%, between February 2021 and December 2024, for detached houses, in the South Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 13.7% inflationary increase is applied to the most recent sale price for 15 RIBER CLOSE of £230,000 on 26th February 2021. For the value to have increased from £230,000 to £261,542 over the two years and two months to December 2024, the following assumptions must hold true:

• The value of 15 RIBER CLOSE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The February 2021 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 15 RIBER CLOSE has not materially changed since February 2021.

How Large is 15 RIBER CLOSE?

15 RIBER CLOSE is 102m², which includes three extensions, according to the EPC inspection conducted in June 2016. This puts it in the smallest 40% of detached houses houses in Grantham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Grantham, and where 15 RIBER CLOSE lies on this distribution: 39% of detached houses houses are smaller than 15 RIBER CLOSE, and 60% of houses are larger. Note that EPC data is not available for all properties in Grantham.

15 RIBER CLOSE: Plot and Title Map

15 RIBER CLOSE sits on a plot of roughly 0.067 of an acre, or 272m². The below map shows the location of 15 RIBER 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 RIBER 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 RIBER CLOSE?

15 RIBER CLOSE is located in GRANTHAM, in the NG31 postcode district. The below map shows the position of No. 15 on RIBER CLOSE.