21, PALMWOOD CLOSE, GONERBY HILL FOOT, GRANTHAM, NG31 8GN - £152,000

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

21 PALMWOOD CLOSE is a very small extended detached house of 69m², built sometime between 1983 and 1990. It was last sold for £152,000 in August 2020, which was around 50% below the average August 2020 detached price in the South Kesteven local authority area. The most recent EPC inspection was December 2019, where the current energy rating was C, and the potential energy rating was B.

21 PALMWOOD CLOSE Sold Prices

Land registry data shows two sales for 21 PALMWOOD 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 21 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
2020 21 AUG	£152,000	£306,658	50% below HPI
2001 10 AUG	£60,000	£122,880	51% below HPI

21 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 two 21 PALMWOOD CLOSE sales from August 2001 and August 2020 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 August 2001 sale was for 51% below the HPI. So the extrapolation line tracks at 51% below the HPI over time, until the August 2020 sale, where it rises to 50% below the HPI. The line then continues to track at 50% below the HPI.

How Large is 21 PALMWOOD CLOSE?

21 PALMWOOD CLOSE is 69m², which includes one extension, according to the EPC inspection conducted in December 2019. 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 21 PALMWOOD CLOSE lies on this distribution: 9% of detached houses are smaller than 21 PALMWOOD CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Grantham.

21 PALMWOOD CLOSE: Plot and Title Map

21 PALMWOOD CLOSE sits on a plot of roughly 0.039 of an acre, or 159m². The below map shows the location of 21 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 21 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 21 PALMWOOD CLOSE?

21 PALMWOOD CLOSE is located in GONERBY HILL FOOT, in the NG31 postcode district. The below map shows the position of No. 21 on PALMWOOD CLOSE.