23, MANCHESTER WAY, GRANTHAM, NG31 8RR - £171,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

23 MANCHESTER WAY is a very small detached house of 51m², built sometime between 1983 and 1990. It was last sold for £171,000 in August 2021, which was around 48% below the average August 2021 detached price in the South Kesteven local authority area. The most recent EPC inspection was May 2021, where the current energy rating was D, and the potential energy rating was B.

23 MANCHESTER WAY Sold Prices

Land registry data shows four sales for 23 MANCHESTER WAY 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 23 MANCHESTER 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
2021 2 AUG	£171,000	£327,986	48% below HPI
2017 14 DEC	£152,000	£288,678	47% below HPI
2006 24 NOV	£140,000	£232,043	40% below HPI
1999 25 JUN	£50,000	£89,635	44% below HPI

23 MANCHESTER 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 four 23 MANCHESTER WAY sales between June 1999 and August 2021 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 2017 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the August 2021 sale, where it falls to 48% below the HPI. The line then continues to track at 48% below the HPI.

How Large is 23 MANCHESTER WAY?

23 MANCHESTER WAY is 51m² according to the EPC inspection conducted in May 2021. 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 23 MANCHESTER WAY lies on this distribution: 1% of detached houses are smaller than 23 MANCHESTER WAY, and 99% of houses are larger. Note that EPC data is not available for all properties in Grantham.

23 MANCHESTER WAY: Plot and Title Map

23 MANCHESTER WAY sits on a plot of roughly 0.052 of an acre, or 209m². The below map shows the location of 23 MANCHESTER 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 MANCHESTER 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 MANCHESTER WAY?

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