3, NORWICH WAY, GRANTHAM, NG31 8AL - £300,000

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 NORWICH WAY is a midsized extended detached house of 117m², built sometime between 1976 and 1982, which could now be worth an estimated £436,238. It was last sold for £300,000 in October 2015, which was around 20% above the average October 2015 detached price in the South Kesteven local authority area. The most recent EPC inspection was September 2015, where the current energy rating was B, and the potential energy rating was A.

3 NORWICH WAY Sold Prices

Land registry data shows two sales for 3 NORWICH WAY 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. One of the two 3 NORWICH WAY sales was for above the average price, whilst the other was 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
2015 12 OCT	£300,000	£250,775	20% above HPI
2015 5 JAN	£180,000	£231,404	22% below HPI

3 NORWICH WAY 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 NORWICH WAY sales from January 2015 and October 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 January 2015 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the October 2015 sale, where it rises to 20% above the HPI. The line then continues to track at 20% above the HPI.

What might 3 NORWICH WAY be worth now?

3 NORWICH WAY might now be worth an estimated £436,238.

This is based on house price inflation of 45.4%, between October 2015 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 45.4% inflationary increase is applied to the most recent sale price for 3 NORWICH WAY of £300,000 on 12th October 2015. For the value to have increased from £300,000 to £436,238 over the ten years and eight months to February 2025, the following assumptions must hold true:

• The value of 3 NORWICH WAY has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The October 2015 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 3 NORWICH WAY has not materially changed since October 2015.

How Large is 3 NORWICH WAY?

3 NORWICH WAY is 117m², which includes one extension, according to the EPC inspection conducted in September 2015. This puts it in the largest 50% 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 NORWICH WAY lies on this distribution: 57% of detached houses houses are smaller than 3 NORWICH WAY, and 43% of houses are larger. Note that EPC data is not available for all properties in Grantham.

3 NORWICH WAY: Plot and Title Map

3 NORWICH WAY sits on a plot of roughly 0.134 of an acre, or 543m². The below map shows the location of 3 NORWICH WAY, 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 NORWICH WAY). 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 NORWICH WAY?

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