23, CAVENDISH WAY, GRANTHAM, NG31 9FN - £185,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

23 CAVENDISH WAY is a very small detached house of 75m², built sometime between 2003 and 2006. It was last sold for £185,000 in November 2020, which was around 41% below the average November 2020 detached price in the South Kesteven local authority area. The most recent EPC inspection was February 2015, where the current energy rating was C, and the potential energy rating was B.

23 CAVENDISH WAY Sold Prices

Land registry data shows three sales for 23 CAVENDISH WAY 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. All of the three 23 CAVENDISH WAY 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 5 NOV	£185,000	£312,690	41% below HPI
2015 10 NOV	£146,000	£258,421	44% below HPI
2004 27 AUG	£142,995	£207,757	31% below HPI

23 CAVENDISH WAY 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 23 CAVENDISH WAY sales between August 2004 and November 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 November 2015 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the November 2020 sale, where it rises to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is 23 CAVENDISH WAY?

23 CAVENDISH WAY is 75m² according to the EPC inspection conducted in February 2015. This puts it in the smallest 20% of detached houses in Grantham, based on EPC data. The below chart shows the distribution of detached houses by size in Grantham, and where 23 CAVENDISH WAY lies on this distribution: 13% of detached houses are smaller than 23 CAVENDISH WAY, and 86% of houses are larger. Note that EPC data is not available for all properties in Grantham.

23 CAVENDISH WAY: Plot and Title Map

23 CAVENDISH WAY sits on a plot of roughly 0.049 of an acre, or 198m². The below map shows the location of 23 CAVENDISH WAY, 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 23 CAVENDISH WAY). 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 23 CAVENDISH WAY?

23 CAVENDISH WAY is located in GRANTHAM, in the NG31 postcode district. The below map shows the position of No. 23 on CAVENDISH WAY.