42, BEACON LANE, GRANTHAM, NG31 9DL - £495,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

42 BEACON LANE is a very large extended detached house of 238m², built sometime between 1950 and 1966. It was last sold for £495,000 in September 2023, which was around 31% above the average September 2023 detached price in the South Kesteven local authority area. The most recent EPC inspection was July 2023, where the current energy rating was C, and the potential energy rating was C.

42 BEACON LANE Sold Prices

Land registry data shows two sales for 42 BEACON LANE 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. One of the two 42 BEACON LANE sales was for above the average price, whilst the other was 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
2023 22 SEP	£495,000	£378,833	31% above HPI
2016 24 AUG	£206,250	£268,196	23% below HPI

42 BEACON LANE 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 42 BEACON LANE sales from August 2016 and September 2023 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 August 2016 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the September 2023 sale, where it rises to 31% above the HPI. The line then continues to track at 31% above the HPI.

How Large is 42 BEACON LANE?

42 BEACON LANE is 238m², which includes three extensions, according to the EPC inspection conducted in July 2023. This puts it in the largest 10% of detached houses in Grantham, based on EPC data. The below chart shows the distribution of detached houses by size in Grantham, and where 42 BEACON LANE lies on this distribution: 98% of detached houses are smaller than 42 BEACON LANE, and 2% of houses are larger. Note that EPC data is not available for all properties in Grantham.

42 BEACON LANE: Plot and Title Map

42 BEACON LANE sits on a plot of roughly 0.255 of an acre, or 1,030m². The below map shows the location of 42 BEACON LANE, 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 42 BEACON LANE). 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 42 BEACON LANE?

42 BEACON LANE is located in GRANTHAM, in the NG31 postcode district. The below map shows the position of No. 42 on BEACON LANE.