2, MONTGOMERY CLOSE, GRANTHAM, NG31 7GG - £395,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 MONTGOMERY CLOSE is a very large detached house of 192m², built sometime between 2007 and 2011. It was last sold for £395,000 in June 2021, which was around 20% above the average June 2021 detached price in the South Kesteven local authority area. The most recent EPC inspection was February 2021, where the current energy rating was B, and the potential energy rating was B.

2 MONTGOMERY CLOSE Sold Prices

Land registry data shows two sales for 2 MONTGOMERY 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 MONTGOMERY 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
2021 10 JUN	£395,000	£328,593	20% above HPI
2009 13 MAR	£270,000	£202,900	33% above HPI

2 MONTGOMERY 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 MONTGOMERY CLOSE sales from March 2009 and June 2021 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 March 2009 sale was for 33% above the HPI. So the extrapolation line tracks at 33% above the HPI over time, until the June 2021 sale, where it falls to 20% above the HPI. The line then continues to track at 20% above the HPI.

How Large is 2 MONTGOMERY CLOSE?

2 MONTGOMERY CLOSE is 192m² according to the EPC inspection conducted in February 2021. This puts it in the largest 10% 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 MONTGOMERY CLOSE lies on this distribution: 94% of detached houses are smaller than 2 MONTGOMERY CLOSE, and 6% of houses are larger. Note that EPC data is not available for all properties in Grantham.

2 MONTGOMERY CLOSE: Plot and Title Map

2 MONTGOMERY CLOSE sits on a plot of roughly 0.142 of an acre, or 574m². The below map shows the location of 2 MONTGOMERY 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 MONTGOMERY 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 MONTGOMERY CLOSE?

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