3, WELLS CLOSE, GRANTHAM, NG31 8NJ - £192,000

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 WELLS CLOSE is a very small detached house of 72m², built sometime between 1976 and 1982. It was last sold for £192,000 in August 2015, which was around 24% below the average August 2015 detached price in the South Kesteven local authority area. The most recent EPC inspection was July 2012, where the current energy rating was C, and the potential energy rating was B.

3 WELLS CLOSE Sold Prices

Land registry data shows three sales for 3 WELLS CLOSE 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 WELLS 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
2015 5 AUG	£192,000	£251,797	24% below HPI
2013 12 APR	£169,000	£215,651	22% below HPI
1999 5 NOV	£79,950	£95,626	16% below HPI

3 WELLS 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 three 3 WELLS CLOSE sales between November 1999 and August 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 April 2013 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the August 2015 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 3 WELLS CLOSE?

3 WELLS CLOSE is 72m² according to the EPC inspection conducted in July 2012. This puts it in the smallest 20% 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 WELLS CLOSE lies on this distribution: 11% of detached houses are smaller than 3 WELLS CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Grantham.

3 WELLS CLOSE: Plot and Title Map

3 WELLS CLOSE sits on a plot of roughly 0.156 of an acre, or 632m². The below map shows the location of 3 WELLS 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 WELLS 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 WELLS CLOSE?

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