16A, COVILL CLOSE, GREAT GONERBY, GRANTHAM, NG31 8PP - £225,000

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

16A COVILL CLOSE is a very small detached house of 82m², built sometime between 1983 and 1990. It was last sold for £225,000 in December 2020, which was around 29% below the average December 2020 detached price in the South Kesteven local authority area. The most recent EPC inspection was June 2020, where the current energy rating was D, and the potential energy rating was B.

16A COVILL CLOSE Sold Prices

Land registry data shows two sales for 16A COVILL CLOSE 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 16A COVILL 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
2020 11 DEC	£225,000	£318,969	29% below HPI
1996 15 OCT	£64,500	£73,539	12% below HPI

16A COVILL 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 two 16A COVILL CLOSE sales from October 1996 and December 2020 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 1996 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the December 2020 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 16A COVILL CLOSE?

16A COVILL CLOSE is 82m² according to the EPC inspection conducted in June 2020. This puts it in the smallest 20% of detached houses in Great Gonerby, based on EPC data. The below chart shows the distribution of detached houses by size in Great Gonerby, and where 16A COVILL CLOSE lies on this distribution: 17% of detached houses are smaller than 16A COVILL CLOSE, and 83% of houses are larger. Note that EPC data is not available for all properties in Great Gonerby.

16A COVILL CLOSE: Plot and Title Map

16A COVILL CLOSE sits on a plot of roughly 0.087 of an acre, or 353m². The below map shows the location of 16A COVILL 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 16A COVILL 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 16A COVILL CLOSE?

16A COVILL CLOSE is located in GREAT GONERBY, in the NG31 postcode district. The below map shows the position of No. 16A on COVILL CLOSE.