2, GRACE CLOSE, SLEAFORD, NG34 7GQ - £220,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 GRACE CLOSE is a very small detached house of 77m², built sometime between 1983 and 1990, which could now be worth an estimated £230,504. It was last sold for £220,000 in July 2024, which was around 24% below the average July 2024 detached price in the North Kesteven local authority area. The most recent EPC inspection was March 2024, where the current energy rating was D, and the potential energy rating was B.

2 GRACE CLOSE Sold Prices

Land registry data shows four sales for 2 GRACE CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. All of the four 2 GRACE CLOSE 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
2024 26 JUL	£220,000	£288,953	24% below HPI
2006 16 JUN	£137,000	£180,854	24% below HPI
2004 14 JUN	£122,500	£164,385	25% below HPI
2001 23 NOV	£73,500	£91,151	19% below HPI

2 GRACE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Kesteven local authority area over time, sourced from the HPI. The four 2 GRACE CLOSE sales between November 2001 and July 2024 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 2006 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the July 2024 sale, which was also at 24% below the HPI.

What might 2 GRACE CLOSE be worth now?

2 GRACE CLOSE might now be worth an estimated £230,504.

This is based on house price inflation of 4.8%, between July 2024 and February 2025, for detached houses, in the North Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 4.8% inflationary increase is applied to the most recent sale price for 2 GRACE CLOSE of £220,000 on 26th July 2024. For the value to have increased from £220,000 to £230,504 over the one year and five months to February 2025, the following assumptions must hold true:

• The value of 2 GRACE CLOSE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The July 2024 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 2 GRACE CLOSE has not materially changed since July 2024.

How Large is 2 GRACE CLOSE?

2 GRACE CLOSE is 77m² according to the EPC inspection conducted in March 2024. This puts it in the smallest 20% of detached houses houses in Sleaford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Sleaford, and where 2 GRACE CLOSE lies on this distribution: 15% of detached houses houses are smaller than 2 GRACE CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Sleaford.

2 GRACE CLOSE: Plot and Title Map

2 GRACE CLOSE sits on a plot of roughly 0.071 of an acre, or 289m². The below map shows the location of 2 GRACE 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 GRACE 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 GRACE CLOSE?

2 GRACE CLOSE is located in SLEAFORD, in the NG34 postcode district. The below map shows the position of No. 2 on GRACE CLOSE.