28, LODGE WAY, GRANTHAM, NG31 8DD - £170,000

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.

28 LODGE WAY is a large extended detached house of 123m², built sometime between 1967 and 1975, which could now be worth an estimated £292,658. It was last sold for £170,000 in June 2011, which was around 20% below the average June 2011 detached price in the South Kesteven local authority area. The most recent EPC inspection was March 2013, where the current energy rating was D, and the potential energy rating was B.

28 LODGE WAY Sold Prices

Land registry data shows three sales for 28 LODGE WAY 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. Two of the three 28 LODGE WAY sales were for below the average price, whilst one was 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
2011 14 JUN	£170,000	£211,824	20% below HPI
2003 15 SEP	£180,000	£181,656	1% below HPI
2002 24 OCT	£155,000	£153,056	1% above HPI

28 LODGE 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 three 28 LODGE WAY sales between October 2002 and June 2011 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 September 2003 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the June 2011 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 28 LODGE WAY be worth now?

28 LODGE WAY might now be worth an estimated £292,658.

This is based on house price inflation of 72.2%, between June 2011 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 72.2% inflationary increase is applied to the most recent sale price for 28 LODGE WAY of £170,000 on 14th June 2011. For the value to have increased from £170,000 to £292,658 over the fourteen years and four months to February 2025, the following assumptions must hold true:

• The value of 28 LODGE WAY has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The June 2011 sale price of £170,000 represented a fair market value for the property.
• The size, condition, and specification of 28 LODGE WAY has not materially changed since June 2011.

How Large is 28 LODGE WAY?

28 LODGE WAY is 123m², which includes two extensions, according to the EPC inspection conducted in March 2013. 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 28 LODGE WAY lies on this distribution: 63% of detached houses houses are smaller than 28 LODGE WAY, and 36% of houses are larger. Note that EPC data is not available for all properties in Grantham.

28 LODGE WAY: Plot and Title Map

28 LODGE WAY sits on a plot of roughly 0.183 of an acre, or 739m². The below map shows the location of 28 LODGE 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 28 LODGE 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 28 LODGE WAY?

28 LODGE WAY is located in GRANTHAM, in the NG31 postcode district. The below map shows the position of No. 28 on LODGE WAY.