18, GORSE RISE, GRANTHAM, NG31 9BS - £152,000

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.

18 GORSE RISE is a very small semi-detached house of 76m², built sometime between 1930 and 1949, which could now be worth an estimated £194,311. It was last sold for £152,000 in December 2018, which was around 19% below the average December 2018 semi-detached price in the South Kesteven local authority area. The most recent EPC inspection was September 2018, where the current energy rating was D, and the potential energy rating was B.

18 GORSE RISE Sold Prices

Land registry data shows two sales for 18 GORSE RISE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the South Kesteven local authority area for the corresponding sale date. Both of the two 18 GORSE RISE 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
2018 19 DEC	£152,000	£186,658	19% below HPI
2005 14 OCT	£112,000	£137,804	19% below HPI

18 GORSE RISE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the South Kesteven local authority area over time, sourced from the HPI. The two 18 GORSE RISE sales from October 2005 and December 2018 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 2005 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the December 2018 sale, which was also at 19% below the HPI.

What might 18 GORSE RISE be worth now?

18 GORSE RISE might now be worth an estimated £194,311.

This is based on house price inflation of 27.8%, between December 2018 and March 2025, for semi-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 27.8% inflationary increase is applied to the most recent sale price for 18 GORSE RISE of £152,000 on 19th December 2018. For the value to have increased from £152,000 to £194,311 over the seven years and nine months to March 2025, the following assumptions must hold true:

• The value of 18 GORSE RISE has moved in line with the HPI for semi-detached houses in the South Kesteven local authority area.
• The December 2018 sale price of £152,000 represented a fair market value for the property.
• The size, condition, and specification of 18 GORSE RISE has not materially changed since December 2018.

How Large is 18 GORSE RISE?

18 GORSE RISE is 76m² according to the EPC inspection conducted in September 2018. This puts it in the smallest 20% of semi-detached houses houses in Grantham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Grantham, and where 18 GORSE RISE lies on this distribution: 14% of semi-detached houses houses are smaller than 18 GORSE RISE, and 85% of houses are larger. Note that EPC data is not available for all properties in Grantham.

18 GORSE RISE: Plot and Title Map

18 GORSE RISE sits on a plot of roughly 0.094 of an acre, or 379m². The below map shows the location of 18 GORSE RISE, 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 18 GORSE RISE). 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 18 GORSE RISE?

18 GORSE RISE is located in GRANTHAM, in the NG31 postcode district. The below map shows the position of No. 18 on GORSE RISE.