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

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

3 LEYS CLOSE is a midsized extended detached house of 110m², built sometime between 1967 and 1975. It was last sold for £315,000 in July 2022, which was around 15% 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	£371,248	15% below HPI
2017 1 JUN	£224,000	£282,729	21% below HPI
2010 29 JUL	£171,000	£220,311	22% below HPI
2002 3 OCT	£126,000	£155,618	19% 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 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the July 2022 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

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 in Barrowby, based on EPC data. The below chart shows the distribution of detached houses by size in Barrowby, and where 3 LEYS CLOSE lies on this distribution: 50% of detached 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.