18, THE BELFRY, GRANTHAM, NG31 9QL - £159,500

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 THE BELFRY is a very small extended detached house of 75m², built sometime between 1996 and 2002, which could now be worth an estimated £228,838. It was last sold for £159,500 in November 2015, which was around 37% below the average November 2015 detached price in the South Kesteven local authority area. The most recent EPC inspection was November 2021, where the current energy rating was D, and the potential energy rating was B.

18 THE BELFRY Sold Prices

Land registry data shows three sales for 18 THE BELFRY 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 18 THE BELFRY 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 10 NOV	£159,500	£254,167	37% below HPI
2004 22 OCT	£128,000	£207,044	38% below HPI
2001 9 AUG	£81,950	£120,857	32% below HPI

18 THE BELFRY 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 18 THE BELFRY sales between August 2001 and November 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 October 2004 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the November 2015 sale, where it rises to 37% below the HPI. The line then continues to track at 37% below the HPI.

What might 18 THE BELFRY be worth now?

18 THE BELFRY might now be worth an estimated £228,838.

This is based on house price inflation of 43.5%, between November 2015 and February 2025, 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 43.5% inflationary increase is applied to the most recent sale price for 18 THE BELFRY of £159,500 on 10th November 2015. For the value to have increased from £159,500 to £228,838 over the ten years and nine months to February 2025, the following assumptions must hold true:

• The value of 18 THE BELFRY has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The November 2015 sale price of £159,500 represented a fair market value for the property.
• The size, condition, and specification of 18 THE BELFRY has not materially changed since November 2015.

How Large is 18 THE BELFRY?

18 THE BELFRY is 75m², which includes one extension, according to the EPC inspection conducted in November 2021. This puts it in the smallest 20% 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 18 THE BELFRY lies on this distribution: 13% of detached houses houses are smaller than 18 THE BELFRY, and 86% of houses are larger. Note that EPC data is not available for all properties in Grantham.

18 THE BELFRY: Plot and Title Map

18 THE BELFRY sits on a plot of roughly 0.076 of an acre, or 308m². The below map shows the location of 18 THE BELFRY, 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 THE BELFRY). 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 THE BELFRY?

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