16, WAKEFIELD CLOSE, GRANTHAM, NG31 8RT - £247,500

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

16 WAKEFIELD CLOSE is a midsized detached house of 114m², built sometime between 1983 and 1990, which could now be worth an estimated £320,974. It was last sold for £247,500 in August 2017, which was around 13% below the average August 2017 detached price in the South Kesteven local authority area. The most recent EPC inspection was April 2017, where the current energy rating was C, and the potential energy rating was B.

16 WAKEFIELD CLOSE Sold Prices

Land registry data shows three sales for 16 WAKEFIELD 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. The three 16 WAKEFIELD CLOSE sales were a mix of below the average price, and roughly equal to 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
2017 31 AUG	£247,500	£284,020	13% below HPI
2003 20 OCT	£183,000	£182,258	Close to HPI
2002 28 JUN	£135,000	£138,276	2% below HPI

16 WAKEFIELD 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 WAKEFIELD CLOSE sales between June 2002 and August 2017 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 October 2003 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the August 2017 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 16 WAKEFIELD CLOSE be worth now?

16 WAKEFIELD CLOSE might now be worth an estimated £320,974.

This is based on house price inflation of 29.7%, between August 2017 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 29.7% inflationary increase is applied to the most recent sale price for 16 WAKEFIELD CLOSE of £247,500 on 31st August 2017. For the value to have increased from £247,500 to £320,974 over the six years and eight months to December 2024, the following assumptions must hold true:

• The value of 16 WAKEFIELD CLOSE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The August 2017 sale price of £247,500 represented a fair market value for the property.
• The size, condition, and specification of 16 WAKEFIELD CLOSE has not materially changed since August 2017.

How Large is 16 WAKEFIELD CLOSE?

16 WAKEFIELD CLOSE is 114m² according to the EPC inspection conducted in April 2017. This puts it in the largest 50% 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 WAKEFIELD CLOSE lies on this distribution: 53% of detached houses houses are smaller than 16 WAKEFIELD CLOSE, and 46% of houses are larger. Note that EPC data is not available for all properties in Grantham.

16 WAKEFIELD CLOSE: Plot and Title Map

16 WAKEFIELD CLOSE sits on a plot of roughly 0.113 of an acre, or 456m². The below map shows the location of 16 WAKEFIELD 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 WAKEFIELD 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 WAKEFIELD CLOSE?

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