3, HEVER CLOSE, GRANTHAM, NG31 8SW - £225,000

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 HEVER CLOSE is a large detached house of 120m², built sometime between 1996 and 2002. It was last sold for £225,000 in December 2015, which was around 14% below the average December 2015 detached price in the South Kesteven local authority area. The most recent EPC inspection was March 2019, where the current energy rating was C, and the potential energy rating was B.

3 HEVER CLOSE Sold Prices

Land registry data shows four sales for 3 HEVER 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. two of the four 3 HEVER CLOSE sales were for below the average price, and four were 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
2015 4 DEC	£225,000	£260,583	14% below HPI
2004 24 MAR	£193,000	£184,995	4% above HPI
2003 30 MAY	£168,000	£169,046	1% below HPI
2002 19 APR	£133,995	£130,441	3% above HPI

3 HEVER 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 HEVER CLOSE sales between April 2002 and December 2015 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 March 2004 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the December 2015 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 3 HEVER CLOSE be worth now?

3 HEVER CLOSE might now be worth an estimated £318,039.

This is based on house price inflation of 41.4%, between December 2015 and December 2024, 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 41.4% inflationary increase is applied to the most recent sale price for 3 HEVER CLOSE of £225,000 on 4th December 2015. For the value to have increased from £225,000 to £318,039 over the nine years to December 2024, the following assumptions must hold true:

• The value of 3 HEVER CLOSE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The December 2015 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 3 HEVER CLOSE has not materially changed since December 2015.

How Large is 3 HEVER CLOSE?

3 HEVER CLOSE is 120m² according to the EPC inspection conducted in March 2019. 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 3 HEVER CLOSE lies on this distribution: 60% of detached houses houses are smaller than 3 HEVER CLOSE, and 38% of houses are larger. Note that EPC data is not available for all properties in Grantham.

3 HEVER CLOSE: Plot and Title Map

3 HEVER CLOSE sits on a plot of roughly 0.069 of an acre, or 279m². The below map shows the location of 3 HEVER 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 HEVER 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 HEVER CLOSE?

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