3, GORSE RISE, GRANTHAM, NG31 9BS - £203,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

3 GORSE RISE is a very small semi-detached house of 77m², built sometime between 1950 and 1966. It was last sold for £203,000 in July 2023, which was around 45% below the average July 2023 detached price in the South Kesteven local authority area. The most recent EPC inspection was January 2021, where the current energy rating was C, and the potential energy rating was B.

3 GORSE RISE Sold Prices

Land registry data shows two sales for 3 GORSE RISE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. Both of the two 3 GORSE RISE 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
2023 28 JUL	£203,000	£371,493	45% below HPI
2008 1 SEP	£87,000	£225,322	61% below HPI

3 GORSE RISE 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 two 3 GORSE RISE sales from September 2008 and July 2023 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 2008 sale was for 61% below the HPI. So the extrapolation line tracks at 61% below the HPI over time, until the July 2023 sale, where it rises to 45% below the HPI. The line then continues to track at 45% below the HPI.

How Large is 3 GORSE RISE?

3 GORSE RISE is 77m² according to the EPC inspection conducted in January 2021. This puts it in the smallest 20% of detached houses in Grantham, based on EPC data. The below chart shows the distribution of detached houses by size in Grantham, and where 3 GORSE RISE lies on this distribution: 15% of detached houses are smaller than 3 GORSE RISE, and 84% of houses are larger. Note that EPC data is not available for all properties in Grantham.

3 GORSE RISE: Plot and Title Map

3 GORSE RISE sits on a plot of roughly 0.059 of an acre, or 239m². The below map shows the location of 3 GORSE RISE, 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 GORSE RISE). 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 GORSE RISE?

3 GORSE RISE is located in GRANTHAM, in the NG31 postcode district. The below map shows the position of No. 3 on GORSE RISE.