3, ROWANWOOD DRIVE, GONERBY HILL FOOT, GRANTHAM, NG31 8GT - £230,000

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 ROWANWOOD DRIVE is a midsized detached house of 112m², built sometime between 1983 and 1990. It was last sold for £230,000 in May 2014, which was around 3% above the average May 2014 detached price in the South Kesteven local authority area. The most recent EPC inspection was June 2013, where the current energy rating was D, and the potential energy rating was C.

3 ROWANWOOD DRIVE Sold Prices

Land registry data shows three sales for 3 ROWANWOOD DRIVE 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. All of the three 3 ROWANWOOD DRIVE sales were 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
2014 30 MAY	£230,000	£222,907	3% above HPI
2005 22 SEP	£215,000	£213,021	1% above HPI
1995 5 DEC	£83,000	£69,386	20% above HPI

3 ROWANWOOD DRIVE 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 ROWANWOOD DRIVE sales between December 1995 and May 2014 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 September 2005 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the May 2014 sale, where it rises to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might 3 ROWANWOOD DRIVE be worth now?

3 ROWANWOOD DRIVE might now be worth an estimated £380,057.

This is based on house price inflation of 65.2%, between May 2014 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 65.2% inflationary increase is applied to the most recent sale price for 3 ROWANWOOD DRIVE of £230,000 on 30th May 2014. For the value to have increased from £230,000 to £380,057 over the nine years and five months to December 2024, the following assumptions must hold true:

• The value of 3 ROWANWOOD DRIVE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The May 2014 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 3 ROWANWOOD DRIVE has not materially changed since May 2014.

How Large is 3 ROWANWOOD DRIVE?

3 ROWANWOOD DRIVE is 112m² according to the EPC inspection conducted in June 2013. 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 ROWANWOOD DRIVE lies on this distribution: 51% of detached houses houses are smaller than 3 ROWANWOOD DRIVE, and 49% of houses are larger. Note that EPC data is not available for all properties in Grantham.

3 ROWANWOOD DRIVE: Plot and Title Map

3 ROWANWOOD DRIVE sits on a plot of roughly 0.076 of an acre, or 306m². The below map shows the location of 3 ROWANWOOD DRIVE, 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 ROWANWOOD DRIVE). 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 ROWANWOOD DRIVE?

3 ROWANWOOD DRIVE is located in GONERBY HILL FOOT, in the NG31 postcode district. The below map shows the position of No. 3 on ROWANWOOD DRIVE.