3, CHESTNUT GROVE, COLSTERWORTH, GRANTHAM, NG33 5PE - £210,000

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 CHESTNUT GROVE is a small detached house of 112m², built sometime between 1967 and 1975, which could now be worth an estimated £352,383. It was last sold for £210,000 in December 2011, which was around 3% below the average December 2011 detached price in the South Kesteven local authority area. The most recent EPC inspection was July 2011, where the current energy rating was D, and the potential energy rating was D.

3 CHESTNUT GROVE Sold Prices

Land registry data shows three sales for 3 CHESTNUT GROVE 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 3 CHESTNUT GROVE 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
2011 15 DEC	£210,000	£217,316	3% below HPI
2007 9 NOV	£229,950	£242,279	5% below HPI
2004 8 APR	£151,000	£187,725	20% below HPI

3 CHESTNUT GROVE 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 3 CHESTNUT GROVE sales between April 2004 and December 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 November 2007 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the December 2011 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 3 CHESTNUT GROVE be worth now?

3 CHESTNUT GROVE might now be worth an estimated £352,383.

This is based on house price inflation of 67.8%, between December 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 67.8% inflationary increase is applied to the most recent sale price for 3 CHESTNUT GROVE of £210,000 on 15th December 2011. For the value to have increased from £210,000 to £352,383 over the fourteen years and ten months to February 2025, the following assumptions must hold true:

• The value of 3 CHESTNUT GROVE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The December 2011 sale price of £210,000 represented a fair market value for the property.
• The size, condition, and specification of 3 CHESTNUT GROVE has not materially changed since December 2011.

How Large is 3 CHESTNUT GROVE?

3 CHESTNUT GROVE is 112m² according to the EPC inspection conducted in July 2011. This puts it in the smallest 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 CHESTNUT GROVE lies on this distribution: 27% of detached houses houses are smaller than 3 CHESTNUT GROVE, and 73% of houses are larger. Note that EPC data is not available for all properties in Colsterworth.

3 CHESTNUT GROVE: Plot and Title Map

3 CHESTNUT GROVE sits on a plot of roughly 0.200 of an acre, or 809m². The below map shows the location of 3 CHESTNUT GROVE, 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 CHESTNUT GROVE). 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 CHESTNUT GROVE?

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