18, WESTMINSTER WAY, GRANTHAM, NG31 8PQ - £260,105

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

18 WESTMINSTER WAY is a small extended detached house of 94m², built sometime between 1983 and 1990. It was last sold for £260,105 in February 2022, which was around 26% below the average February 2022 detached price in the South Kesteven local authority area. The most recent EPC inspection was March 2021, where the current energy rating was D, and the potential energy rating was B.

18 WESTMINSTER WAY Sold Prices

Land registry data shows three sales for 18 WESTMINSTER WAY 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 WESTMINSTER WAY 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
2022 22 FEB	£260,105	£352,660	26% below HPI
2021 18 JUN	£260,105	£328,593	21% below HPI
2001 10 APR	£91,500	£117,024	22% below HPI

18 WESTMINSTER WAY 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 WESTMINSTER WAY sales between April 2001 and February 2022 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 June 2021 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the February 2022 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 18 WESTMINSTER WAY?

18 WESTMINSTER WAY is 94m², which includes one extension, according to the EPC inspection conducted in March 2021. This puts it in the smallest 40% of detached houses in Grantham, based on EPC data. The below chart shows the distribution of detached houses by size in Grantham, and where 18 WESTMINSTER WAY lies on this distribution: 30% of detached houses are smaller than 18 WESTMINSTER WAY, and 69% of houses are larger. Note that EPC data is not available for all properties in Grantham.

18 WESTMINSTER WAY: Plot and Title Map

18 WESTMINSTER WAY sits on a plot of roughly 0.083 of an acre, or 337m². The below map shows the location of 18 WESTMINSTER WAY, 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 WESTMINSTER WAY). 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 WESTMINSTER WAY?

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