38, THE GROVE, MARKET DEEPING, PETERBOROUGH, PE6 8AP - £265,000

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

38 THE GROVE is a very small extended detached house of 78m², built sometime between 1967 and 1975. It was last sold for £265,000 in September 2017, which was around 9% below the average September 2017 detached price in the South Kesteven local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was B.

38 THE GROVE Sold Prices

Land registry data shows four sales for 38 THE GROVE 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 38 THE GROVE 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
2017 27 SEP	£265,000	£290,320	9% below HPI
2015 8 OCT	£195,000	£254,973	24% below HPI
2006 20 OCT	£158,000	£233,031	32% below HPI
2004 13 FEB	£136,000	£187,515	27% below HPI

38 THE GROVE 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 38 THE GROVE sales between February 2004 and September 2017 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 October 2015 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the September 2017 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 38 THE GROVE?

38 THE GROVE is 78m², which includes one extension, according to the EPC inspection conducted in October 2014. This puts it in the smallest 20% of detached houses in Market Deeping, based on EPC data. The below chart shows the distribution of detached houses by size in Market Deeping, and where 38 THE GROVE lies on this distribution: 11% of detached houses are smaller than 38 THE GROVE, and 88% of houses are larger. Note that EPC data is not available for all properties in Market Deeping.

38 THE GROVE: Plot and Title Map

38 THE GROVE sits on a plot of roughly 0.110 of an acre, or 446m². The below map shows the location of 38 THE GROVE, 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 GROVE). 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 GROVE?

38 THE GROVE is located in MARKET DEEPING, in the PE6 postcode district. The below map shows the position of No. 38 on THE GROVE.