2, RICHMOND CLOSE, CAYTHORPE, GRANTHAM, NG32 3FB - £189,000

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 RICHMOND CLOSE is a small detached house of 119m², built sometime between 1996 and 2002, which could now be worth an estimated £416,717. It was last sold for £189,000 in January 2003, which was around 13% above the average January 2003 detached price in the South Kesteven local authority area. The most recent EPC inspection was January 2018, where the current energy rating was D, and the potential energy rating was C.

2 RICHMOND CLOSE Sold Prices

Land registry data shows two sales for 2 RICHMOND 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 RICHMOND 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
2003 10 JAN	£189,000	£167,057	13% above HPI
1999 29 MAR	£97,500	£88,174	11% above HPI

2 RICHMOND 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 RICHMOND CLOSE sales from March 1999 and January 2003 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 1999 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the January 2003 sale, where it rises to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might 2 RICHMOND CLOSE be worth now?

2 RICHMOND CLOSE might now be worth an estimated £416,717.

This is based on house price inflation of 120.5%, between January 2003 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 120.5% inflationary increase is applied to the most recent sale price for 2 RICHMOND CLOSE of £189,000 on 10th January 2003. For the value to have increased from £189,000 to £416,717 over the twenty years and one month to December 2024, the following assumptions must hold true:

• The value of 2 RICHMOND CLOSE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The January 2003 sale price of £189,000 represented a fair market value for the property.
• The size, condition, and specification of 2 RICHMOND CLOSE has not materially changed since January 2003.

How Large is 2 RICHMOND CLOSE?

2 RICHMOND CLOSE is 119m² according to the EPC inspection conducted in January 2018. This puts it in the smallest 40% of detached houses houses in Caythorpe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Caythorpe, and where 2 RICHMOND CLOSE lies on this distribution: 34% of detached houses houses are smaller than 2 RICHMOND CLOSE, and 63% of houses are larger. Note that EPC data is not available for all properties in Caythorpe.

2 RICHMOND CLOSE: Plot and Title Map

2 RICHMOND CLOSE sits on a plot of roughly 0.172 of an acre, or 698m². The below map shows the location of 2 RICHMOND 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 RICHMOND 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 RICHMOND CLOSE?

2 RICHMOND CLOSE is located in CAYTHORPE, in the NG32 postcode district. The below map shows the position of No. 2 on RICHMOND CLOSE.