3, HILL AVENUE, GRANTHAM, NG31 9BA - £131,000

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 HILL AVENUE is a very large extended detached house of 155m², built sometime between 1930 and 1949, which could now be worth an estimated £271,082. It was last sold for £131,000 in August 2003, which was around 26% below the average August 2003 detached price in the South Kesteven local authority area. The most recent EPC inspection was July 2022, where the current energy rating was E, and the potential energy rating was C.

3 HILL AVENUE Sold Prices

Land registry data shows two sales for 3 HILL AVENUE 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 HILL AVENUE 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
2003 8 AUG	£131,000	£177,998	26% below HPI
1997 16 OCT	£50,000	£79,546	37% below HPI

3 HILL AVENUE 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 HILL AVENUE sales from October 1997 and August 2003 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 October 1997 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the August 2003 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 3 HILL AVENUE be worth now?

3 HILL AVENUE might now be worth an estimated £271,082.

This is based on house price inflation of 106.9%, between August 2003 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 106.9% inflationary increase is applied to the most recent sale price for 3 HILL AVENUE of £131,000 on 8th August 2003. For the value to have increased from £131,000 to £271,082 over the twenty years and eight months to December 2024, the following assumptions must hold true:

• The value of 3 HILL AVENUE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The August 2003 sale price of £131,000 represented a fair market value for the property.
• The size, condition, and specification of 3 HILL AVENUE has not materially changed since August 2003.

How Large is 3 HILL AVENUE?

3 HILL AVENUE is 155m², which includes three extensions, according to the EPC inspection conducted in July 2022. This puts it in the largest 20% 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 HILL AVENUE lies on this distribution: 83% of detached houses houses are smaller than 3 HILL AVENUE, and 16% of houses are larger. Note that EPC data is not available for all properties in Grantham.

3 HILL AVENUE: Plot and Title Map

3 HILL AVENUE sits on a plot of roughly 0.122 of an acre, or 494m². The below map shows the location of 3 HILL AVENUE, 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 HILL AVENUE). 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 HILL AVENUE?

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