2, CAVENDISH WAY, GRANTHAM, NG31 9FP - £213,000

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

2 CAVENDISH WAY is a midsized detached house of 104m², built sometime between 2003 and 2006. It was last sold for £213,000 in August 2018, which was around 30% below the average August 2018 detached price in the South Kesteven local authority area. The most recent EPC inspection was November 2016, where the current energy rating was C, and the potential energy rating was B.

2 CAVENDISH WAY Sold Prices

Land registry data shows three sales for 2 CAVENDISH 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 2 CAVENDISH 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
2018 31 AUG	£213,000	£304,523	30% below HPI
2007 22 JUN	£206,000	£236,995	13% below HPI
2005 24 MAR	£171,500	£201,689	15% below HPI

2 CAVENDISH 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 2 CAVENDISH WAY sales between March 2005 and August 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 June 2007 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the August 2018 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 2 CAVENDISH WAY?

2 CAVENDISH WAY is 104m² according to the EPC inspection conducted in November 2016. This puts it in the smallest 50% of detached houses in Grantham, based on EPC data. The below chart shows the distribution of detached houses by size in Grantham, and where 2 CAVENDISH WAY lies on this distribution: 42% of detached houses are smaller than 2 CAVENDISH WAY, and 58% of houses are larger. Note that EPC data is not available for all properties in Grantham.

2 CAVENDISH WAY: Plot and Title Map

2 CAVENDISH WAY sits on a plot of roughly 0.058 of an acre, or 235m². The below map shows the location of 2 CAVENDISH 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 2 CAVENDISH 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 2 CAVENDISH WAY?

2 CAVENDISH WAY is located in GRANTHAM, in the NG31 postcode district. The below map shows the position of No. 2 on CAVENDISH WAY.