16, RAVENDALE CLOSE, GRANTHAM, NG31 8BS - £205,000

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 RAVENDALE CLOSE is a large extended detached house of 135m², built sometime between 1991 and 1995. It was last sold for £205,000 in May 2015, which was around 15% below the average May 2015 detached price in the South Kesteven local authority area. The most recent EPC inspection was September 2014, where the current energy rating was D, and the potential energy rating was C.

16 RAVENDALE CLOSE Sold Prices

Land registry data shows three sales for 16 RAVENDALE 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 16 RAVENDALE 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 29 MAY	£205,000	£239,807	15% below HPI
2005 15 JUL	£185,000	£209,996	12% below HPI
2003 6 AUG	£152,000	£180,978	16% below HPI

16 RAVENDALE 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 16 RAVENDALE CLOSE sales between August 2003 and May 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 July 2005 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the May 2015 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 16 RAVENDALE CLOSE?

16 RAVENDALE CLOSE is 135m², which includes two extensions, according to the EPC inspection conducted in September 2014. This puts it in the largest 30% 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 RAVENDALE CLOSE lies on this distribution: 72% of detached houses are smaller than 16 RAVENDALE CLOSE, and 27% of houses are larger. Note that EPC data is not available for all properties in Grantham.

16 RAVENDALE CLOSE: Plot and Title Map

16 RAVENDALE CLOSE sits on a plot of roughly 0.119 of an acre, or 484m². The below map shows the location of 16 RAVENDALE 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 RAVENDALE 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 RAVENDALE CLOSE?

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