28, RICHMOND DRIVE, GRANTHAM, NG31 8UD - £260,000

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 RICHMOND DRIVE is a midsized detached house of 118m², built sometime between 2003 and 2006, which could now be worth an estimated £368,868. It was last sold for £260,000 in June 2016, which was around 1% above the average June 2016 detached price in the South Kesteven local authority area. The most recent EPC inspection was July 2010, where the current energy rating was C, and the potential energy rating was C.

28 RICHMOND DRIVE Sold Prices

Land registry data shows three sales for 28 RICHMOND 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. The three 28 RICHMOND DRIVE sales were a mix of above the average price, roughly equal to the average price, and 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
2016 21 JUN	£260,000	£258,353	1% above HPI
2010 12 NOV	£205,000	£218,283	6% below HPI
2003 31 OCT	£182,995	£182,258	Close to HPI

28 RICHMOND 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 28 RICHMOND DRIVE sales between October 2003 and June 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 November 2010 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the June 2016 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 28 RICHMOND DRIVE be worth now?

28 RICHMOND DRIVE might now be worth an estimated £368,868.

This is based on house price inflation of 41.9%, between June 2016 and March 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 41.9% inflationary increase is applied to the most recent sale price for 28 RICHMOND DRIVE of £260,000 on 21st June 2016. For the value to have increased from £260,000 to £368,868 over the nine years and three months to March 2025, the following assumptions must hold true:

• The value of 28 RICHMOND DRIVE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The June 2016 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 28 RICHMOND DRIVE has not materially changed since June 2016.

How Large is 28 RICHMOND DRIVE?

28 RICHMOND DRIVE is 118m² according to the EPC inspection conducted in July 2010. This puts it in the largest 50% 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 RICHMOND DRIVE lies on this distribution: 59% of detached houses houses are smaller than 28 RICHMOND DRIVE, and 41% of houses are larger. Note that EPC data is not available for all properties in Grantham.

28 RICHMOND DRIVE: Plot and Title Map

28 RICHMOND DRIVE sits on a plot of roughly 0.090 of an acre, or 364m². The below map shows the location of 28 RICHMOND 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 28 RICHMOND 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 28 RICHMOND DRIVE?

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