38, THE BELFRY, GRANTHAM, NG31 9QL - £180,000

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

38 THE BELFRY is a small detached house of 101m², built sometime between 1996 and 2002. It was last sold for £180,000 in May 2013, which was around 14% below the average May 2013 detached price in the South Kesteven local authority area. The most recent EPC inspection was December 2012, where the current energy rating was D, and the potential energy rating was B.

38 THE BELFRY Sold Prices

Land registry data shows three sales for 38 THE BELFRY 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 38 THE BELFRY 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
2013 24 MAY	£180,000	£209,168	14% below HPI
2003 12 DEC	£176,000	£183,261	4% below HPI
2001 1 JUN	£104,950	£118,885	12% below HPI

38 THE BELFRY 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 38 THE BELFRY sales between June 2001 and May 2013 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 December 2003 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the May 2013 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 38 THE BELFRY be worth now?

38 THE BELFRY might now be worth an estimated £316,972.

This is based on house price inflation of 76.1%, between May 2013 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 76.1% inflationary increase is applied to the most recent sale price for 38 THE BELFRY of £180,000 on 24th May 2013. For the value to have increased from £180,000 to £316,972 over the ten years and five months to December 2024, the following assumptions must hold true:

• The value of 38 THE BELFRY has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The May 2013 sale price of £180,000 represented a fair market value for the property.
• The size, condition, and specification of 38 THE BELFRY has not materially changed since May 2013.

How Large is 38 THE BELFRY?

38 THE BELFRY is 101m² according to the EPC inspection conducted in December 2012. This puts it in the smallest 40% 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 38 THE BELFRY lies on this distribution: 38% of detached houses houses are smaller than 38 THE BELFRY, and 61% of houses are larger. Note that EPC data is not available for all properties in Grantham.

38 THE BELFRY: Plot and Title Map

38 THE BELFRY sits on a plot of roughly 0.059 of an acre, or 238m². The below map shows the location of 38 THE BELFRY, 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 38 THE BELFRY). 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 38 THE BELFRY?

38 THE BELFRY is located in GRANTHAM, in the NG31 postcode district. The below map shows the position of No. 38 on THE BELFRY.