3, SECOND AVENUE, GRANTHAM, NG31 9TP - £145,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

3 SECOND AVENUE is a midsized extended detached house of 119m², built sometime between 1976 and 1982. It was last sold for £145,000 in March 2010, which was around 32% below the average March 2010 detached price in the South Kesteven local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was C.

3 SECOND AVENUE Sold Prices

Land registry data shows five sales for 3 SECOND AVENUE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. All of the five 3 SECOND AVENUE 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
2010 23 MAR	£145,000	£212,980	32% below HPI
2007 6 JUL	£157,000	£239,498	34% below HPI
2002 8 NOV	£123,000	£163,069	25% below HPI
1999 1 OCT	£60,000	£95,784	37% below HPI
1997 17 JAN	£58,000	£74,178	22% below HPI

3 SECOND AVENUE 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 five 3 SECOND AVENUE sales between January 1997 and March 2010 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 July 2007 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the March 2010 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 3 SECOND AVENUE?

3 SECOND AVENUE is 119m², which includes two extensions, according to the EPC inspection conducted in August 2020. This puts it in the largest 50% of detached houses in Grantham, based on EPC data. The below chart shows the distribution of detached houses by size in Grantham, and where 3 SECOND AVENUE lies on this distribution: 59% of detached houses are smaller than 3 SECOND AVENUE, and 40% of houses are larger. Note that EPC data is not available for all properties in Grantham.

3 SECOND AVENUE: Plot and Title Map

3 SECOND AVENUE sits on a plot of roughly 0.070 of an acre, or 284m². The below map shows the location of 3 SECOND AVENUE, 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 SECOND AVENUE). 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 SECOND AVENUE?

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