24, PEASCLIFFE DRIVE, GRANTHAM, NG31 8EN - £180,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

24 PEASCLIFFE DRIVE is a large detached house of 121m², built sometime between 1976 and 1982. It was last sold for £180,000 in September 2015, which was around 27% below the average September 2015 detached price in the South Kesteven local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was C.

24 PEASCLIFFE DRIVE Sold Prices

Land registry data shows three sales for 24 PEASCLIFFE DRIVE 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 PEASCLIFFE DRIVE 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
2015 11 SEP	£180,000	£246,923	27% below HPI
2014 24 JAN	£140,000	£226,054	38% below HPI
2002 3 SEP	£107,950	£148,872	27% below HPI

24 PEASCLIFFE 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 three 24 PEASCLIFFE DRIVE sales between September 2002 and September 2015 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 January 2014 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the September 2015 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 24 PEASCLIFFE DRIVE be worth now?

24 PEASCLIFFE DRIVE might now be worth an estimated £268,507.

This is based on house price inflation of 49.2%, between September 2015 and December 2024, 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 49.2% inflationary increase is applied to the most recent sale price for 24 PEASCLIFFE DRIVE of £180,000 on 11th September 2015. For the value to have increased from £180,000 to £268,507 over the eight years and nine months to December 2024, the following assumptions must hold true:

• The value of 24 PEASCLIFFE DRIVE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The September 2015 sale price of £180,000 represented a fair market value for the property.
• The size, condition, and specification of 24 PEASCLIFFE DRIVE has not materially changed since September 2015.

How Large is 24 PEASCLIFFE DRIVE?

24 PEASCLIFFE DRIVE is 121m² according to the EPC inspection conducted in May 2014. This puts it in the largest 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 PEASCLIFFE DRIVE lies on this distribution: 62% of detached houses houses are smaller than 24 PEASCLIFFE DRIVE, and 38% of houses are larger. Note that EPC data is not available for all properties in Grantham.

24 PEASCLIFFE DRIVE: Plot and Title Map

24 PEASCLIFFE DRIVE sits on a plot of roughly 0.078 of an acre, or 317m². The below map shows the location of 24 PEASCLIFFE 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 PEASCLIFFE 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 PEASCLIFFE DRIVE?

24 PEASCLIFFE DRIVE is located in GRANTHAM, in the NG31 postcode district. The below map shows the position of No. 24 on PEASCLIFFE DRIVE.