4, THE BELFRY, GRANTHAM, NG31 9QL - £59,950

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

4 THE BELFRY is a very small extended detached house of 76m², built sometime between 1983 and 1990. It was last sold for £59,950 in July 1996, which was around 17% below the average July 1996 detached price in the South Kesteven local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was B.

4 THE BELFRY Sold Prices

Land registry data shows two sales for 4 THE BELFRY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. Both of the two 4 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
1996 31 JUL	£59,950	£71,909	17% below HPI
1996 3 MAY	£58,000	£68,153	15% below HPI

4 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 two 4 THE BELFRY sales from May 1996 and July 1996 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 May 1996 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the July 1996 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 4 THE BELFRY be worth now?

4 THE BELFRY might now be worth an estimated £307,079.

This is based on house price inflation of 412.2%, between July 1996 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 412.2% inflationary increase is applied to the most recent sale price for 4 THE BELFRY of £59,950 on 31st July 1996. For the value to have increased from £59,950 to £307,079 over the 27 years and seven months to December 2024, the following assumptions must hold true:

• The value of 4 THE BELFRY has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The July 1996 sale price of £59,950 represented a fair market value for the property.
• The size, condition, and specification of 4 THE BELFRY has not materially changed since July 1996.

How Large is 4 THE BELFRY?

4 THE BELFRY is 76m², which includes one extension, according to the EPC inspection conducted in August 2020. This puts it in the smallest 20% 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 4 THE BELFRY lies on this distribution: 14% of detached houses houses are smaller than 4 THE BELFRY, and 85% of houses are larger. Note that EPC data is not available for all properties in Grantham.

4 THE BELFRY: Plot and Title Map

4 THE BELFRY sits on a plot of roughly 0.058 of an acre, or 236m². The below map shows the location of 4 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 4 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 4 THE BELFRY?

4 THE BELFRY is located in GRANTHAM, in the NG31 postcode district. The below map shows the position of No. 4 on THE BELFRY.