2, FIRST AVENUE, GRANTHAM, NG31 9TN - £205,000

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 FIRST AVENUE is a small extended detached house of 93m², built sometime between 1983 and 1990. It was last sold for £205,000 in October 2020, which was around 34% below the average October 2020 detached price in the South Kesteven local authority area. The most recent EPC inspection was June 2020, where the current energy rating was C, and the potential energy rating was B.

2 FIRST AVENUE Sold Prices

Land registry data shows two sales for 2 FIRST AVENUE 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 FIRST AVENUE 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
2020 9 OCT	£205,000	£308,927	34% below HPI
2002 23 AUG	£96,000	£148,342	35% below HPI

2 FIRST AVENUE 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 FIRST AVENUE sales from August 2002 and October 2020 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 August 2002 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the October 2020 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 2 FIRST AVENUE?

2 FIRST AVENUE is 93m², which includes three extensions, according to the EPC inspection conducted in June 2020. This puts it in the smallest 30% 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 FIRST AVENUE lies on this distribution: 29% of detached houses are smaller than 2 FIRST AVENUE, and 70% of houses are larger. Note that EPC data is not available for all properties in Grantham.

2 FIRST AVENUE: Plot and Title Map

2 FIRST AVENUE sits on a plot of roughly 0.077 of an acre, or 311m². The below map shows the location of 2 FIRST AVENUE, 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 FIRST AVENUE). 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 FIRST AVENUE?

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