48, CHELMSFORD DRIVE, GRANTHAM, NG31 8PF - £124,000

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.

48 CHELMSFORD DRIVE is a small extended detached house of 98m², built sometime between 1996 and 2002, which could now be worth an estimated £199,012. It was last sold for £124,000 in August 2013, which was around 45% below the average August 2013 detached price in the South Kesteven local authority area. The most recent EPC inspection was January 2019, where the current energy rating was C, and the potential energy rating was B.

48 CHELMSFORD DRIVE Sold Prices

Land registry data shows five sales for 48 CHELMSFORD DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. All of the five 48 CHELMSFORD 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
2013 12 AUG	£124,000	£227,211	45% below HPI
2007 2 APR	£145,000	£231,260	37% below HPI
2001 2 NOV	£74,000	£119,508	38% below HPI
1996 10 MAY	£49,995	£68,153	27% below HPI
1996 22 MAR	£49,000	£66,374	26% below HPI

48 CHELMSFORD DRIVE 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 five 48 CHELMSFORD DRIVE sales between March 1996 and August 2013 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 April 2007 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the August 2013 sale, where it falls to 45% below the HPI. The line then continues to track at 45% below the HPI.

What might 48 CHELMSFORD DRIVE be worth now?

48 CHELMSFORD DRIVE might now be worth an estimated £199,012.

This is based on house price inflation of 60.5%, between August 2013 and February 2025, 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 60.5% inflationary increase is applied to the most recent sale price for 48 CHELMSFORD DRIVE of £124,000 on 12th August 2013. For the value to have increased from £124,000 to £199,012 over the twelve years and six months to February 2025, the following assumptions must hold true:

• The value of 48 CHELMSFORD DRIVE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The August 2013 sale price of £124,000 represented a fair market value for the property.
• The size, condition, and specification of 48 CHELMSFORD DRIVE has not materially changed since August 2013.

How Large is 48 CHELMSFORD DRIVE?

48 CHELMSFORD DRIVE is 98m², which includes one extension, according to the EPC inspection conducted in January 2019. This puts it in the smallest 40% 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 48 CHELMSFORD DRIVE lies on this distribution: 34% of detached houses houses are smaller than 48 CHELMSFORD DRIVE, and 64% of houses are larger. Note that EPC data is not available for all properties in Grantham.

48 CHELMSFORD DRIVE: Plot and Title Map

48 CHELMSFORD DRIVE sits on a plot of roughly 0.054 of an acre, or 219m². The below map shows the location of 48 CHELMSFORD 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 48 CHELMSFORD 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 48 CHELMSFORD DRIVE?

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