24, MALVERN DRIVE, GONERBY HILL FOOT, GRANTHAM, NG31 8GA - £298,000

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.

24 MALVERN DRIVE is a small extended detached house of 100m², built sometime between 1991 and 1995, which could now be worth an estimated £300,386. It was last sold for £298,000 in April 2024, which was around 18% below the average April 2024 detached price in the South Kesteven local authority area. The most recent EPC inspection was April 2023, where the current energy rating was C, and the potential energy rating was B.

24 MALVERN DRIVE Sold Prices

Land registry data shows four sales for 24 MALVERN DRIVE 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. The four 24 MALVERN DRIVE sales were a mix of below the average price, and roughly equal to 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
2024 23 APR	£298,000	£361,763	18% below HPI
2012 5 APR	£162,000	£211,050	23% below HPI
1997 30 OCT	£73,000	£79,546	8% below HPI
1995 24 NOV	£70,000	£70,060	Close to HPI

24 MALVERN DRIVE 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 24 MALVERN DRIVE sales between November 1995 and April 2024 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 2012 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the April 2024 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 24 MALVERN DRIVE be worth now?

24 MALVERN DRIVE might now be worth an estimated £300,386.

This is based on house price inflation of 0.8%, between April 2024 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 0.8% inflationary increase is applied to the most recent sale price for 24 MALVERN DRIVE of £298,000 on 23rd April 2024. For the value to have increased from £298,000 to £300,386 over the one year and two months to February 2025, the following assumptions must hold true:

• The value of 24 MALVERN DRIVE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The April 2024 sale price of £298,000 represented a fair market value for the property.
• The size, condition, and specification of 24 MALVERN DRIVE has not materially changed since April 2024.

How Large is 24 MALVERN DRIVE?

24 MALVERN DRIVE is 100m², which includes one extension, according to the EPC inspection conducted in April 2023. This puts it in the smallest 40% of detached houses houses in Grantham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Grantham, and where 24 MALVERN DRIVE lies on this distribution: 37% of detached houses houses are smaller than 24 MALVERN DRIVE, and 62% of houses are larger. Note that EPC data is not available for all properties in Grantham.

24 MALVERN DRIVE: Plot and Title Map

24 MALVERN DRIVE sits on a plot of roughly 0.072 of an acre, or 293m². The below map shows the location of 24 MALVERN DRIVE, 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 MALVERN DRIVE). 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 MALVERN DRIVE?

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