4, DE GRAVEL DRIVE, CRANWELL VILLAGE, SLEAFORD, NG34 8XF - £120,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

4 DE GRAVEL DRIVE is a very small detached house of 61m², built sometime between 1976 and 1982, which could now be worth an estimated £162,559. It was last sold for £120,000 in August 2016, which was around 46% below the average August 2016 detached price in the North Kesteven local authority area. The most recent EPC inspection was May 2016, where the current energy rating was E, and the potential energy rating was B.

4 DE GRAVEL DRIVE Sold Prices

Land registry data shows two sales for 4 DE GRAVEL DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. Both of the two 4 DE GRAVEL DRIVE 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
2016 19 AUG	£120,000	£223,487	46% below HPI
2000 22 SEP	£45,400	£80,678	44% below HPI

4 DE GRAVEL DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Kesteven local authority area over time, sourced from the HPI. The two 4 DE GRAVEL DRIVE sales from September 2000 and August 2016 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 September 2000 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the August 2016 sale, where it falls to 46% below the HPI. The line then continues to track at 46% below the HPI.

What might 4 DE GRAVEL DRIVE be worth now?

4 DE GRAVEL DRIVE might now be worth an estimated £162,559.

This is based on house price inflation of 35.5%, between August 2016 and February 2025, for detached houses, in the North Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 35.5% inflationary increase is applied to the most recent sale price for 4 DE GRAVEL DRIVE of £120,000 on 19th August 2016. For the value to have increased from £120,000 to £162,559 over the nine years and six months to February 2025, the following assumptions must hold true:

• The value of 4 DE GRAVEL DRIVE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The August 2016 sale price of £120,000 represented a fair market value for the property.
• The size, condition, and specification of 4 DE GRAVEL DRIVE has not materially changed since August 2016.

How Large is 4 DE GRAVEL DRIVE?

4 DE GRAVEL DRIVE is 61m² according to the EPC inspection conducted in May 2016. This puts it in the smallest 10% of detached houses houses in Cranwell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cranwell, and where 4 DE GRAVEL DRIVE lies on this distribution: 2% of detached houses houses are smaller than 4 DE GRAVEL DRIVE, and 98% of houses are larger. Note that EPC data is not available for all properties in Cranwell.

4 DE GRAVEL DRIVE: Plot and Title Map

4 DE GRAVEL DRIVE sits on a plot of roughly 0.067 of an acre, or 270m². The below map shows the location of 4 DE GRAVEL DRIVE, 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 4 DE GRAVEL DRIVE). 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 4 DE GRAVEL DRIVE?

4 DE GRAVEL DRIVE is located in CRANWELL VILLAGE, in the NG34 postcode district. The below map shows the position of No. 4 on DE GRAVEL DRIVE.