16, CAVENDISH WAY, GRANTHAM, NG31 9FP - £274,000

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

16 CAVENDISH WAY is a large extended detached house of 128m², built sometime between 2007 and 2011. It was last sold for £274,000 in May 2021, which was around 16% below the average May 2021 detached price in the South Kesteven local authority area. The most recent EPC inspection was November 2020, where the current energy rating was C, and the potential energy rating was B.

16 CAVENDISH WAY Sold Prices

Land registry data shows two sales for 16 CAVENDISH WAY 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 16 CAVENDISH WAY 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 14 MAY	£274,000	£325,001	16% below HPI
2009 3 APR	£175,000	£204,433	14% below HPI

16 CAVENDISH WAY 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 16 CAVENDISH WAY sales from April 2009 and May 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 April 2009 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the May 2021 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 16 CAVENDISH WAY?

16 CAVENDISH WAY is 128m², which includes one extension, according to the EPC inspection conducted in November 2020. This puts it in the largest 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 16 CAVENDISH WAY lies on this distribution: 67% of detached houses are smaller than 16 CAVENDISH WAY, and 31% of houses are larger. Note that EPC data is not available for all properties in Grantham.

16 CAVENDISH WAY: Plot and Title Map

16 CAVENDISH WAY sits on a plot of roughly 0.061 of an acre, or 246m². The below map shows the location of 16 CAVENDISH WAY, 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 16 CAVENDISH WAY). 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 16 CAVENDISH WAY?

16 CAVENDISH WAY is located in GRANTHAM, in the NG31 postcode district. The below map shows the position of No. 16 on CAVENDISH WAY.