2, FARM CLOSE, FOSTON, GRANTHAM, NG32 2JW - £362,500

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 FARM CLOSE is a large extended semi-detached house of 208m², built sometime between 2003 and 2006, which could now be worth an estimated £602,599. It was last sold for £362,500 in June 2014, which was around 155% above the average June 2014 semi-detached price in the South Kesteven local authority area. The most recent EPC inspection was July 2012, where the current energy rating was D, and the potential energy rating was C.

2 FARM CLOSE Sold Prices

Land registry data shows two sales for 2 FARM CLOSE 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 2 FARM CLOSE sales were for above 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
2014 20 JUN	£362,500	£142,123	155% above HPI
2005 10 JUN	£345,000	£133,343	159% above HPI

2 FARM CLOSE 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 2 FARM CLOSE sales from June 2005 and June 2014 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 2005 sale was for 159% above the HPI. So the extrapolation line tracks at 159% above the HPI over time, until the June 2014 sale, where it falls to 155% above the HPI. The line then continues to track at 155% above the HPI.

What might 2 FARM CLOSE be worth now?

2 FARM CLOSE might now be worth an estimated £602,599.

This is based on house price inflation of 66.2%, between June 2014 and February 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 66.2% inflationary increase is applied to the most recent sale price for 2 FARM CLOSE of £362,500 on 20th June 2014. For the value to have increased from £362,500 to £602,599 over the eleven years and four months to February 2025, the following assumptions must hold true:

• The value of 2 FARM CLOSE has moved in line with the HPI for semi-detached houses in the South Kesteven local authority area.
• The June 2014 sale price of £362,500 represented a fair market value for the property.
• The size, condition, and specification of 2 FARM CLOSE has not materially changed since June 2014.

How Large is 2 FARM CLOSE?

2 FARM CLOSE is 208m², which includes two extensions, according to the EPC inspection conducted in July 2012. This puts it in the largest 30% of semi-detached houses houses in Foston, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Foston, and where 2 FARM CLOSE lies on this distribution: 75% of semi-detached houses houses are smaller than 2 FARM CLOSE, and 25% of houses are larger. Note that EPC data is not available for all properties in Foston.

2 FARM CLOSE: Plot and Title Map

2 FARM CLOSE sits on a plot of roughly 0.156 of an acre, or 632m². The below map shows the location of 2 FARM CLOSE, 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 FARM CLOSE). 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 FARM CLOSE?

2 FARM CLOSE is located in FOSTON, in the NG32 postcode district. The below map shows the position of No. 2 on FARM CLOSE.