3, PETERBOROUGH CLOSE, GRANTHAM, NG31 8SH - £312,500

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 PETERBOROUGH CLOSE is a midsized extended detached house of 112m², built sometime between 1991 and 1995, which could now be worth an estimated £323,932. It was last sold for £312,500 in June 2024, which was around 12% below the average June 2024 detached price in the South Kesteven local authority area. The most recent EPC inspection was September 2023, where the current energy rating was C, and the potential energy rating was B.

3 PETERBOROUGH CLOSE Sold Prices

Land registry data shows four sales for 3 PETERBOROUGH 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 PETERBOROUGH 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
2024 21 JUN	£312,500	£355,337	12% below HPI
2017 13 MAR	£235,500	£270,738	13% below HPI
2008 23 MAY	£160,000	£238,311	33% below HPI
1995 6 JAN	£62,995	£68,338	8% below HPI

3 PETERBOROUGH 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 PETERBOROUGH CLOSE sales between January 1995 and June 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 March 2017 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the June 2024 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 3 PETERBOROUGH CLOSE be worth now?

3 PETERBOROUGH CLOSE might now be worth an estimated £323,932.

This is based on house price inflation of 3.7%, between June 2024 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 3.7% inflationary increase is applied to the most recent sale price for 3 PETERBOROUGH CLOSE of £312,500 on 21st June 2024. For the value to have increased from £312,500 to £323,932 over the six months to December 2024, the following assumptions must hold true:

• The value of 3 PETERBOROUGH CLOSE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The June 2024 sale price of £312,500 represented a fair market value for the property.
• The size, condition, and specification of 3 PETERBOROUGH CLOSE has not materially changed since June 2024.

How Large is 3 PETERBOROUGH CLOSE?

3 PETERBOROUGH CLOSE is 112m², which includes one extension, according to the EPC inspection conducted in September 2023. 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 PETERBOROUGH CLOSE lies on this distribution: 51% of detached houses houses are smaller than 3 PETERBOROUGH CLOSE, and 49% of houses are larger. Note that EPC data is not available for all properties in Grantham.

3 PETERBOROUGH CLOSE: Plot and Title Map

3 PETERBOROUGH CLOSE sits on a plot of roughly 0.088 of an acre, or 355m². The below map shows the location of 3 PETERBOROUGH 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 PETERBOROUGH 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 PETERBOROUGH CLOSE?

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