3, MERRICK CLOSE, GREAT GONERBY, GRANTHAM, NG31 8NL - £170,000

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 MERRICK CLOSE is a midsized detached house of 113m², built sometime between 1996 and 2002. It was last sold for £170,000 in May 2024, which was around 54% below the average May 2024 detached price in the South Kesteven local authority area. The most recent EPC inspection was May 2018, where the current energy rating was D, and the potential energy rating was C.

3 MERRICK CLOSE Sold Prices

Land registry data shows three sales for 3 MERRICK CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. Two of the three 3 MERRICK CLOSE sales were for below the average price, whilst one was 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
2024 1 MAY	£170,000	£372,526	54% below HPI
2018 21 JUN	£132,000	£297,928	56% below HPI
2001 31 MAY	£119,950	£117,248	2% above HPI

3 MERRICK 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 three 3 MERRICK CLOSE sales between May 2001 and May 2024 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 2018 sale was for 56% below the HPI. So the extrapolation line tracks at 56% below the HPI over time, until the May 2024 sale, where it rises to 54% below the HPI. The line then continues to track at 54% below the HPI.

How Large is 3 MERRICK CLOSE?

3 MERRICK CLOSE is 113m² according to the EPC inspection conducted in May 2018. This puts it in the smallest 50% of detached houses in Great Gonerby, based on EPC data. The below chart shows the distribution of detached houses by size in Great Gonerby, and where 3 MERRICK CLOSE lies on this distribution: 46% of detached houses are smaller than 3 MERRICK CLOSE, and 53% of houses are larger. Note that EPC data is not available for all properties in Great Gonerby.

3 MERRICK CLOSE: Plot and Title Map

3 MERRICK CLOSE sits on a plot of roughly 0.116 of an acre, or 470m². The below map shows the location of 3 MERRICK 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 MERRICK 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 MERRICK CLOSE?

3 MERRICK CLOSE is located in GREAT GONERBY, in the NG31 postcode district. The below map shows the position of No. 3 on MERRICK CLOSE.