3, LEYS CLOSE, BARROWBY, GRANTHAM, NG32 1TQ - £315,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

3 LEYS CLOSE is a midsized extended detached house of 110m², built sometime between 1967 and 1975, which could now be worth an estimated £314,588. It was last sold for £315,000 in July 2022, which was around 14% below the average July 2022 detached price in the South Kesteven local authority area. The most recent EPC inspection was May 2021, where the current energy rating was C, and the potential energy rating was B.

3 LEYS CLOSE Sold Prices

Land registry data shows four sales for 3 LEYS 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. All of the four 3 LEYS 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
2022 25 JUL	£315,000	£365,136	14% below HPI
2017 1 JUN	£224,000	£278,075	19% below HPI
2010 29 JUL	£171,000	£216,684	21% below HPI
2002 3 OCT	£126,000	£153,056	18% below HPI

3 LEYS 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 LEYS CLOSE sales between October 2002 and July 2022 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 June 2017 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the July 2022 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 3 LEYS CLOSE be worth now?

3 LEYS CLOSE might now be worth an estimated £314,588.

This is based on house price deflation of 0.1%, between July 2022 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 0.1% deflationary decrease is applied to the most recent sale price for 3 LEYS CLOSE of £315,000 on 25th July 2022. For the value to have decreased from £315,000 to £314,588 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of 3 LEYS CLOSE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The July 2022 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of 3 LEYS CLOSE has not materially changed since July 2022.

How Large is 3 LEYS CLOSE?

3 LEYS CLOSE is 110m², which includes two extensions, according to the EPC inspection conducted in May 2021. This puts it in the largest 50% of detached houses houses in Barrowby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Barrowby, and where 3 LEYS CLOSE lies on this distribution: 51% of detached houses houses are smaller than 3 LEYS CLOSE, and 49% of houses are larger. Note that EPC data is not available for all properties in Barrowby.

3 LEYS CLOSE: Plot and Title Map

3 LEYS CLOSE sits on a plot of roughly 0.075 of an acre, or 303m². The below map shows the location of 3 LEYS 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 LEYS 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 LEYS CLOSE?

3 LEYS CLOSE is located in BARROWBY, in the NG32 postcode district. The below map shows the position of No. 3 on LEYS CLOSE.