2, ALMA PARK ROAD, GRANTHAM, NG31 9SU - £123,500

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

2 ALMA PARK ROAD is a small detached house of 97m², which could now be worth an estimated £278,690. It was last sold for £123,500 in March 2003, which was around 24% below the average March 2003 detached price in the South Kesteven local authority area. The most recent EPC inspection was October 2009, where the current energy rating was D, and the potential energy rating was D.

2 ALMA PARK ROAD Sold Prices

Land registry data shows two sales for 2 ALMA PARK ROAD 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 2 ALMA PARK ROAD 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
2003 28 MAR	£123,500	£163,226	24% below HPI
2001 16 JUL	£73,500	£118,413	38% below HPI

2 ALMA PARK ROAD 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 2 ALMA PARK ROAD sales from July 2001 and March 2003 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 2001 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the March 2003 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 2 ALMA PARK ROAD be worth now?

2 ALMA PARK ROAD might now be worth an estimated £278,690.

This is based on house price inflation of 125.7%, between March 2003 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 125.7% inflationary increase is applied to the most recent sale price for 2 ALMA PARK ROAD of £123,500 on 28th March 2003. For the value to have increased from £123,500 to £278,690 over the twenty years and three months to December 2024, the following assumptions must hold true:

• The value of 2 ALMA PARK ROAD has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The March 2003 sale price of £123,500 represented a fair market value for the property.
• The size, condition, and specification of 2 ALMA PARK ROAD has not materially changed since March 2003.

How Large is 2 ALMA PARK ROAD?

2 ALMA PARK ROAD is 97m² according to the EPC inspection conducted in October 2009. This puts it in the smallest 40% 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 2 ALMA PARK ROAD lies on this distribution: 34% of detached houses houses are smaller than 2 ALMA PARK ROAD, and 66% of houses are larger. Note that EPC data is not available for all properties in Grantham.

2 ALMA PARK ROAD: Plot and Title Map

2 ALMA PARK ROAD sits on a plot of roughly 0.093 of an acre, or 375m². The below map shows the location of 2 ALMA PARK ROAD, 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 2 ALMA PARK ROAD). 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 2 ALMA PARK ROAD?

2 ALMA PARK ROAD is located in GRANTHAM, in the NG31 postcode district. The below map shows the position of No. 2 on ALMA PARK ROAD.