24, CEDARWOOD CLOSE, GONERBY HILL FOOT, GRANTHAM, NG31 8QJ - £295,000

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

24 CEDARWOOD CLOSE is a very small detached house of 82m², built sometime between 1983 and 1990. It was last sold for £295,000 in October 2022, which was around 24% below the average October 2022 detached price in the South Kesteven local authority area. The most recent EPC inspection was June 2022, where the current energy rating was D, and the potential energy rating was B.

24 CEDARWOOD CLOSE Sold Prices

Land registry data shows three sales for 24 CEDARWOOD CLOSE 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 24 CEDARWOOD 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 5 OCT	£295,000	£386,120	24% below HPI
2002 5 APR	£122,500	£132,625	8% below HPI
1995 29 SEP	£67,500	£72,250	7% below HPI

24 CEDARWOOD 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 three 24 CEDARWOOD CLOSE sales between September 1995 and October 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 2002 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the October 2022 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 24 CEDARWOOD CLOSE?

24 CEDARWOOD CLOSE is 82m² according to the EPC inspection conducted in June 2022. 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 24 CEDARWOOD CLOSE lies on this distribution: 20% of detached houses are smaller than 24 CEDARWOOD CLOSE, and 80% of houses are larger. Note that EPC data is not available for all properties in Grantham.

24 CEDARWOOD CLOSE: Plot and Title Map

24 CEDARWOOD CLOSE sits on a plot of roughly 0.117 of an acre, or 474m². The below map shows the location of 24 CEDARWOOD 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 24 CEDARWOOD 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 24 CEDARWOOD CLOSE?

24 CEDARWOOD CLOSE is located in GONERBY HILL FOOT, in the NG31 postcode district. The below map shows the position of No. 24 on CEDARWOOD CLOSE.