16, LICHFIELD CLOSE, GRANTHAM, NG31 8RS - £275,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

16 LICHFIELD CLOSE is a small extended detached house of 86m², built sometime between 1967 and 1975, which could now be worth an estimated £309,305. It was last sold for £275,000 in September 2021, which was around 15% below the average September 2021 detached price in the South Kesteven local authority area. The most recent EPC inspection was March 2013, where the current energy rating was D, and the potential energy rating was B.

16 LICHFIELD CLOSE Sold Prices

Land registry data shows four sales for 16 LICHFIELD CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. All of the four 16 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 29 SEP	£275,000	£324,215	15% below HPI
2015 18 DEC	£218,000	£260,583	16% below HPI
2000 29 MAR	£82,000	£93,627	12% below HPI
1996 4 JUN	£48,500	£68,898	30% below HPI

16 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 four 16 LICHFIELD CLOSE sales between June 1996 and September 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 December 2015 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the September 2021 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 16 LICHFIELD CLOSE be worth now?

16 LICHFIELD CLOSE might now be worth an estimated £309,305.

This is based on house price inflation of 12.5%, between September 2021 and February 2025, 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 12.5% inflationary increase is applied to the most recent sale price for 16 LICHFIELD CLOSE of £275,000 on 29th September 2021. For the value to have increased from £275,000 to £309,305 over the four years and seven months to February 2025, the following assumptions must hold true:

• The value of 16 LICHFIELD CLOSE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The September 2021 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 16 LICHFIELD CLOSE has not materially changed since September 2021.

How Large is 16 LICHFIELD CLOSE?

16 LICHFIELD CLOSE is 86m², which includes two extensions, according to the EPC inspection conducted in March 2013. This puts it in the smallest 30% 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 16 LICHFIELD CLOSE lies on this distribution: 23% of detached houses houses are smaller than 16 LICHFIELD CLOSE, and 77% of houses are larger. Note that EPC data is not available for all properties in Grantham.

16 LICHFIELD CLOSE: Plot and Title Map

16 LICHFIELD CLOSE sits on a plot of roughly 0.096 of an acre, or 387m². The below map shows the location of 16 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 16 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 16 LICHFIELD CLOSE?

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