3, WELLFIELD CLOSE, SOUTH WITHAM, GRANTHAM, NG33 5SN - £305,000

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 WELLFIELD CLOSE is a large extended detached house of 120m², built sometime between 1996 and 2002. It was last sold for £305,000 in April 2024, which was around 18% below the average April 2024 detached price in the South Kesteven local authority area. The most recent EPC inspection was May 2019, where the current energy rating was C, and the potential energy rating was B.

3 WELLFIELD CLOSE Sold Prices

Land registry data shows five sales for 3 WELLFIELD CLOSE 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 WELLFIELD 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 10 APR	£305,000	£372,939	18% below HPI
2019 15 AUG	£228,000	£310,946	27% below HPI
2013 11 OCT	£180,000	£233,773	23% below HPI
2000 7 APR	£87,000	£97,078	10% below HPI
1997 28 NOV	£75,000	£82,892	10% below HPI

3 WELLFIELD 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 five 3 WELLFIELD CLOSE sales between November 1997 and April 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 August 2019 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the April 2024 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 3 WELLFIELD CLOSE?

3 WELLFIELD CLOSE is 120m², which includes two extensions, according to the EPC inspection conducted in May 2019. This puts it in the largest 30% of detached houses in South Witham, based on EPC data. The below chart shows the distribution of detached houses by size in South Witham, and where 3 WELLFIELD CLOSE lies on this distribution: 73% of detached houses are smaller than 3 WELLFIELD CLOSE, and 26% of houses are larger. Note that EPC data is not available for all properties in South Witham.

3 WELLFIELD CLOSE: Plot and Title Map

3 WELLFIELD CLOSE sits on a plot of roughly 0.092 of an acre, or 374m². The below map shows the location of 3 WELLFIELD 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 WELLFIELD 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 WELLFIELD CLOSE?

3 WELLFIELD CLOSE is located in SOUTH WITHAM, in the NG33 postcode district. The below map shows the position of No. 3 on WELLFIELD CLOSE.