2, MILL CLOSE, CORBY GLEN, GRANTHAM, NG33 4HU - £270,000

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 MILL CLOSE is a large detached house of 188m², built sometime between 2003 and 2006, which could now be worth an estimated £464,790. It was last sold for £270,000 in November 2011, which was around 26% above the average November 2011 detached price in the South Kesteven local authority area. The most recent EPC inspection was October 2011, where the current energy rating was D, and the potential energy rating was D.

2 MILL CLOSE Sold Prices

Land registry data shows two sales for 2 MILL CLOSE 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 MILL 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
2011 25 NOV	£270,000	£213,969	26% above HPI
2003 10 OCT	£249,999	£182,258	37% above HPI

2 MILL 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 two 2 MILL CLOSE sales from October 2003 and November 2011 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 October 2003 sale was for 37% above the HPI. So the extrapolation line tracks at 37% above the HPI over time, until the November 2011 sale, where it falls to 26% above the HPI. The line then continues to track at 26% above the HPI.

What might 2 MILL CLOSE be worth now?

2 MILL CLOSE might now be worth an estimated £464,790.

This is based on house price inflation of 72.1%, between November 2011 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 72.1% inflationary increase is applied to the most recent sale price for 2 MILL CLOSE of £270,000 on 25th November 2011. For the value to have increased from £270,000 to £464,790 over the twelve years and eleven months to December 2024, the following assumptions must hold true:

• The value of 2 MILL CLOSE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The November 2011 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MILL CLOSE has not materially changed since November 2011.

How Large is 2 MILL CLOSE?

2 MILL CLOSE is 188m² according to the EPC inspection conducted in October 2011. This puts it in the largest 30% of detached houses houses in Corby Glen, based on EPC data. The below chart shows the distribution of detached houses houses by size in Corby Glen, and where 2 MILL CLOSE lies on this distribution: 77% of detached houses houses are smaller than 2 MILL CLOSE, and 23% of houses are larger. Note that EPC data is not available for all properties in Corby Glen.

2 MILL CLOSE: Plot and Title Map

2 MILL CLOSE sits on a plot of roughly 0.089 of an acre, or 360m². The below map shows the location of 2 MILL 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 MILL 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 MILL CLOSE?

2 MILL CLOSE is located in CORBY GLEN, in the NG33 postcode district. The below map shows the position of No. 2 on MILL CLOSE.