2, SIGNAL ROAD, GRANTHAM, NG31 9BP - £625,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

2 SIGNAL ROAD is a very large extended detached house of 266m², built sometime between 1950 and 1966. It was last sold for £625,000 in August 2022, which was around 67% above the average August 2022 detached price in the South Kesteven local authority area. The most recent EPC inspection was May 2022, where the current energy rating was C, and the potential energy rating was B.

2 SIGNAL ROAD Sold Prices

Land registry data shows three sales for 2 SIGNAL ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. One of the three 2 SIGNAL ROAD sales was for above the average price, whilst two 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
2022 23 AUG	£625,000	£373,597	67% above HPI
2016 16 DEC	£185,000	£272,264	32% below HPI
1997 18 JUL	£52,500	£78,035	33% below HPI

2 SIGNAL ROAD 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 three 2 SIGNAL ROAD sales between July 1997 and August 2022 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 December 2016 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the August 2022 sale, where it rises to 67% above the HPI. The line then continues to track at 67% above the HPI.

How Large is 2 SIGNAL ROAD?

2 SIGNAL ROAD is 266m², which includes three extensions, according to the EPC inspection conducted in May 2022. 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 SIGNAL ROAD lies on this distribution: 99% of detached houses are smaller than 2 SIGNAL ROAD, and 1% of houses are larger. Note that EPC data is not available for all properties in Grantham.

2 SIGNAL ROAD: Plot and Title Map

2 SIGNAL ROAD sits on a plot of roughly 0.152 of an acre, or 617m². The below map shows the location of 2 SIGNAL ROAD, 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 SIGNAL ROAD). 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 SIGNAL ROAD?

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