48, BEACON LANE, GRANTHAM, NG31 9DL - £345,000

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

48 BEACON LANE is a large extended detached house of 144m², built sometime between 1967 and 1975. It was last sold for £345,000 in August 2018, which was around 13% above the average August 2018 detached price in the South Kesteven local authority area. The most recent EPC inspection was February 2018, where the current energy rating was D, and the potential energy rating was C.

48 BEACON LANE Sold Prices

Land registry data shows two sales for 48 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 48 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
2018 31 AUG	£345,000	£304,523	13% above HPI
2006 27 JAN	£195,000	£213,195	9% below HPI

48 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 48 BEACON LANE sales from January 2006 and August 2018 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 January 2006 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the August 2018 sale, where it rises to 13% above the HPI. The line then continues to track at 13% above the HPI.

How Large is 48 BEACON LANE?

48 BEACON LANE is 144m², which includes two extensions, according to the EPC inspection conducted in February 2018. This puts it in the largest 30% of detached houses in Grantham, based on EPC data. The below chart shows the distribution of detached houses by size in Grantham, and where 48 BEACON LANE lies on this distribution: 78% of detached houses are smaller than 48 BEACON LANE, and 21% of houses are larger. Note that EPC data is not available for all properties in Grantham.

48 BEACON LANE: Plot and Title Map

48 BEACON LANE sits on a plot of roughly 0.185 of an acre, or 747m². The below map shows the location of 48 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 48 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 48 BEACON LANE?

48 BEACON LANE is located in GRANTHAM, in the NG31 postcode district. The below map shows the position of No. 48 on BEACON LANE.