31, MANCHESTER WAY, GRANTHAM, NG31 8RR - £267,500

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

31 MANCHESTER WAY is a very small detached house of 72m², built sometime between 1983 and 1990. It was last sold for £267,500 in May 2021, which was around 18% below the average May 2021 detached price in the South Kesteven local authority area. The most recent EPC inspection was July 2012, where the current energy rating was D, and the potential energy rating was B.

31 MANCHESTER WAY Sold Prices

Land registry data shows four sales for 31 MANCHESTER WAY 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 31 MANCHESTER WAY 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
2021 27 MAY	£267,500	£325,001	18% below HPI
2013 20 FEB	£172,000	£214,610	20% below HPI
2009 24 SEP	£163,500	£200,264	18% below HPI
2006 18 DEC	£174,000	£227,816	24% below HPI

31 MANCHESTER WAY 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 31 MANCHESTER WAY sales between December 2006 and May 2021 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 February 2013 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the May 2021 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 31 MANCHESTER WAY?

31 MANCHESTER WAY 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 31 MANCHESTER WAY lies on this distribution: 11% of detached houses are smaller than 31 MANCHESTER WAY, and 88% of houses are larger. Note that EPC data is not available for all properties in Grantham.

31 MANCHESTER WAY: Plot and Title Map

31 MANCHESTER WAY sits on a plot of roughly 0.126 of an acre, or 511m². The below map shows the location of 31 MANCHESTER WAY, 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 31 MANCHESTER WAY). 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 31 MANCHESTER WAY?

31 MANCHESTER WAY is located in GRANTHAM, in the NG31 postcode district. The below map shows the position of No. 31 on MANCHESTER WAY.