2, HALFORD CLOSE, SOUTH WITHAM, GRANTHAM, NG33 5SL - £260,000

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 HALFORD CLOSE is a small detached house of 88m², built sometime between 1991 and 1995, which could now be worth an estimated £266,256. It was last sold for £260,000 in May 2023, which was around 28% below the average May 2023 detached price in the South Kesteven local authority area. The most recent EPC inspection was February 2015, where the current energy rating was D, and the potential energy rating was B.

2 HALFORD CLOSE Sold Prices

Land registry data shows four sales for 2 HALFORD 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 South Kesteven local authority area for the corresponding sale date. All of the four 2 HALFORD 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
2023 26 MAY	£260,000	£359,682	28% below HPI
2002 21 FEB	£94,950	£125,214	24% below HPI
2000 8 DEC	£75,000	£110,215	32% below HPI
1995 20 OCT	£56,930	£70,488	19% below HPI

2 HALFORD CLOSE 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 four 2 HALFORD CLOSE sales between October 1995 and May 2023 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 February 2002 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the May 2023 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 2 HALFORD CLOSE be worth now?

2 HALFORD CLOSE might now be worth an estimated £266,256.

This is based on house price inflation of 2.4%, between May 2023 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 2.4% inflationary increase is applied to the most recent sale price for 2 HALFORD CLOSE of £260,000 on 26th May 2023. For the value to have increased from £260,000 to £266,256 over the five months to December 2024, the following assumptions must hold true:

• The value of 2 HALFORD CLOSE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The May 2023 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 2 HALFORD CLOSE has not materially changed since May 2023.

How Large is 2 HALFORD CLOSE?

2 HALFORD CLOSE is 88m² according to the EPC inspection conducted in February 2015. This puts it in the smallest 40% of detached houses houses in South Witham, based on EPC data. The below chart shows the distribution of detached houses houses by size in South Witham, and where 2 HALFORD CLOSE lies on this distribution: 33% of detached houses houses are smaller than 2 HALFORD CLOSE, and 66% of houses are larger. Note that EPC data is not available for all properties in South Witham.

2 HALFORD CLOSE: Plot and Title Map

2 HALFORD CLOSE sits on a plot of roughly 0.074 of an acre, or 298m². The below map shows the location of 2 HALFORD 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 HALFORD 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 HALFORD CLOSE?

2 HALFORD CLOSE is located in SOUTH WITHAM, in the NG33 postcode district. The below map shows the position of No. 2 on HALFORD CLOSE.