20A, COVILL CLOSE, GREAT GONERBY, GRANTHAM, NG31 8PP - £340,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

20A COVILL CLOSE is a large extended detached house of 137m², built sometime between 1983 and 1990, which could now be worth an estimated £357,453. It was last sold for £340,000 in February 2022, which was around 2% below the average February 2022 detached price in the South Kesteven local authority area. The most recent EPC inspection was August 2021, where the current energy rating was C, and the potential energy rating was B.

20A COVILL CLOSE Sold Prices

Land registry data shows four sales for 20A COVILL 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 20A COVILL 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
2022 28 FEB	£340,000	£346,854	2% below HPI
2006 12 APR	£175,000	£211,909	17% below HPI
1999 30 JUL	£72,500	£89,445	19% below HPI
1996 10 DEC	£65,000	£71,986	10% below HPI

20A COVILL 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 20A COVILL CLOSE sales between December 1996 and February 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 April 2006 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the February 2022 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 20A COVILL CLOSE be worth now?

20A COVILL CLOSE might now be worth an estimated £357,453.

This is based on house price inflation of 5.1%, between February 2022 and February 2025, 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 5.1% inflationary increase is applied to the most recent sale price for 20A COVILL CLOSE of £340,000 on 28th February 2022. For the value to have increased from £340,000 to £357,453 over the three years to February 2025, the following assumptions must hold true:

• The value of 20A COVILL CLOSE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The February 2022 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 20A COVILL CLOSE has not materially changed since February 2022.

How Large is 20A COVILL CLOSE?

20A COVILL CLOSE is 137m², which includes one extension, according to the EPC inspection conducted in August 2021. This puts it in the largest 40% of detached houses houses in Great Gonerby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Great Gonerby, and where 20A COVILL CLOSE lies on this distribution: 65% of detached houses houses are smaller than 20A COVILL CLOSE, and 35% of houses are larger. Note that EPC data is not available for all properties in Great Gonerby.

20A COVILL CLOSE: Plot and Title Map

20A COVILL CLOSE sits on a plot of roughly 0.103 of an acre, or 415m². The below map shows the location of 20A COVILL 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 20A COVILL 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 20A COVILL CLOSE?

20A COVILL CLOSE is located in GREAT GONERBY, in the NG31 postcode district. The below map shows the position of No. 20A on COVILL CLOSE.