2, PALMWOOD CLOSE, GONERBY HILL FOOT, GRANTHAM, NG31 8GN - £115,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

2 PALMWOOD CLOSE is a very small semi-detached house of 70m², built sometime between 1991 and 1995. It was last sold for £115,000 in March 2013, which was around 47% below the average March 2013 detached price in the South Kesteven local authority area. The most recent EPC inspection was November 2008, where the current energy rating was D, and the potential energy rating was C.

2 PALMWOOD CLOSE Sold Prices

Land registry data shows four sales for 2 PALMWOOD 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 PALMWOOD 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
2013 27 MAR	£115,000	£215,184	47% below HPI
2005 15 APR	£120,000	£207,783	42% below HPI
2003 22 SEP	£109,500	£184,697	41% below HPI
1998 14 AUG	£47,000	£84,887	45% below HPI

2 PALMWOOD 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 PALMWOOD CLOSE sales between August 1998 and March 2013 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 April 2005 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the March 2013 sale, where it falls to 47% below the HPI. The line then continues to track at 47% below the HPI.

How Large is 2 PALMWOOD CLOSE?

2 PALMWOOD CLOSE is 70m² according to the EPC inspection conducted in November 2008. This puts it in the smallest 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 PALMWOOD CLOSE lies on this distribution: 10% of detached houses are smaller than 2 PALMWOOD CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Grantham.

2 PALMWOOD CLOSE: Plot and Title Map

2 PALMWOOD CLOSE sits on a plot of roughly 0.060 of an acre, or 244m². The below map shows the location of 2 PALMWOOD 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 PALMWOOD 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 PALMWOOD CLOSE?

2 PALMWOOD CLOSE is located in GONERBY HILL FOOT, in the NG31 postcode district. The below map shows the position of No. 2 on PALMWOOD CLOSE.