3, ASH CLOSE, COLSTERWORTH, GRANTHAM, NG33 5PF - £150,000

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

3 ASH CLOSE is a large detached house of 193m², built sometime between 1976 and 1982, which could now be worth an estimated £281,380. It was last sold for £150,000 in July 2009, which was around 23% below the average July 2009 detached price in the South Kesteven local authority area. The most recent EPC inspection was October 2008, where the current energy rating was F, and the potential energy rating was D.

3 ASH CLOSE Sold Prices

Land registry data shows four sales for 3 ASH CLOSE 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. Most of the four 3 ASH CLOSE 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
2009 8 JUL	£150,000	£194,395	23% below HPI
2003 5 SEP	£160,000	£181,656	12% below HPI
2000 31 JAN	£70,100	£93,067	25% below HPI
1996 19 JAN	£79,500	£67,709	17% above HPI

3 ASH CLOSE 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 3 ASH CLOSE sales between January 1996 and July 2009 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 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the July 2009 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 3 ASH CLOSE be worth now?

3 ASH CLOSE might now be worth an estimated £281,380.

This is based on house price inflation of 87.6%, between July 2009 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 87.6% inflationary increase is applied to the most recent sale price for 3 ASH CLOSE of £150,000 on 8th July 2009. For the value to have increased from £150,000 to £281,380 over the sixteen years and five months to February 2025, the following assumptions must hold true:

• The value of 3 ASH CLOSE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The July 2009 sale price of £150,000 represented a fair market value for the property.
• The size, condition, and specification of 3 ASH CLOSE has not materially changed since July 2009.

How Large is 3 ASH CLOSE?

3 ASH CLOSE is 193m² according to the EPC inspection conducted in October 2008. This puts it in the largest 30% of detached houses houses in Colsterworth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Colsterworth, and where 3 ASH CLOSE lies on this distribution: 77% of detached houses houses are smaller than 3 ASH CLOSE, and 22% of houses are larger. Note that EPC data is not available for all properties in Colsterworth.

3 ASH CLOSE: Plot and Title Map

3 ASH CLOSE sits on a plot of roughly 0.114 of an acre, or 463m². The below map shows the location of 3 ASH CLOSE, 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 3 ASH CLOSE). 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 3 ASH CLOSE?

3 ASH CLOSE is located in COLSTERWORTH, in the NG33 postcode district. The below map shows the position of No. 3 on ASH CLOSE.