17, LICHFIELD CLOSE, GRANTHAM, NG31 8RS - £133,000

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

17 LICHFIELD CLOSE is a very small detached house of 48m², built sometime between 1967 and 1975, which could now be worth an estimated £217,864. It was last sold for £133,000 in April 2014, which was around 41% below the average April 2014 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.

17 LICHFIELD CLOSE Sold Prices

Land registry data shows three sales for 17 LICHFIELD 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 17 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
2014 11 APR	£133,000	£224,859	41% below HPI
2004 2 JUL	£144,000	£197,698	27% below HPI
2003 4 JUL	£125,000	£177,027	29% below HPI

17 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 three 17 LICHFIELD CLOSE sales between July 2003 and April 2014 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 2004 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the April 2014 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

What might 17 LICHFIELD CLOSE be worth now?

17 LICHFIELD CLOSE might now be worth an estimated £217,864.

This is based on house price inflation of 63.8%, between April 2014 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 63.8% inflationary increase is applied to the most recent sale price for 17 LICHFIELD CLOSE of £133,000 on 11th April 2014. For the value to have increased from £133,000 to £217,864 over the nine years and four months to December 2024, the following assumptions must hold true:

• The value of 17 LICHFIELD CLOSE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The April 2014 sale price of £133,000 represented a fair market value for the property.
• The size, condition, and specification of 17 LICHFIELD CLOSE has not materially changed since April 2014.

How Large is 17 LICHFIELD CLOSE?

17 LICHFIELD CLOSE is 48m² according to the EPC inspection conducted in March 2013. This puts it in the smallest 10% 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 17 LICHFIELD CLOSE lies on this distribution: Less than 1% of detached houses houses are smaller than 17 LICHFIELD CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Grantham.

17 LICHFIELD CLOSE: Plot and Title Map

17 LICHFIELD CLOSE sits on a plot of roughly 0.074 of an acre, or 299m². The below map shows the location of 17 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 17 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 17 LICHFIELD CLOSE?

17 LICHFIELD CLOSE is located in GRANTHAM, in the NG31 postcode district. The below map shows the position of No. 17 on LICHFIELD CLOSE.