27, MALVERN DRIVE, GONERBY HILL FOOT, GRANTHAM, NG31 8GA - £250,000

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

27 MALVERN DRIVE is a large extended detached house of 139m², built sometime between 1996 and 2002. It was last sold for £250,000 in August 2016, which was around 7% below the average August 2016 detached price in the South Kesteven local authority area. The most recent EPC inspection was August 2015, where the current energy rating was D, and the potential energy rating was C.

27 MALVERN DRIVE Sold Prices

Land registry data shows three sales for 27 MALVERN 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. One of the three 27 MALVERN DRIVE sales was for below the average price, whilst two were for above 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
2016 5 AUG	£250,000	£268,196	7% below HPI
2002 16 JUL	£179,950	£145,333	24% above HPI
1995 15 DEC	£103,995	£70,548	47% above HPI

27 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 three 27 MALVERN DRIVE sales between December 1995 and August 2016 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 July 2002 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the August 2016 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 27 MALVERN DRIVE?

27 MALVERN DRIVE is 139m², which includes one extension, according to the EPC inspection conducted in August 2015. This puts it in the largest 30% of detached houses in Grantham, based on EPC data. The below chart shows the distribution of detached houses by size in Grantham, and where 27 MALVERN DRIVE lies on this distribution: 75% of detached houses are smaller than 27 MALVERN DRIVE, and 24% of houses are larger. Note that EPC data is not available for all properties in Grantham.

27 MALVERN DRIVE: Plot and Title Map

27 MALVERN DRIVE sits on a plot of roughly 0.174 of an acre, or 705m². The below map shows the location of 27 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 27 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 27 MALVERN DRIVE?

27 MALVERN DRIVE is located in GONERBY HILL FOOT, in the NG31 postcode district. The below map shows the position of No. 27 on MALVERN DRIVE.