48, GLOUCESTER ROAD, GRANTHAM, NG31 8RJ - £310,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

48 GLOUCESTER ROAD is a small extended detached house of 101m², built sometime between 1976 and 1982. It was last sold for £310,000 in January 2022, which was around 11% below the average January 2022 detached price in the South Kesteven local authority area. The most recent EPC inspection was November 2021, where the current energy rating was D, and the potential energy rating was C.

48 GLOUCESTER ROAD Sold Prices

Land registry data shows two sales for 48 GLOUCESTER ROAD 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 48 GLOUCESTER ROAD 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
2022 28 JAN	£310,000	£350,189	11% below HPI
1996 26 NOV	£73,250	£73,785	1% below HPI

48 GLOUCESTER ROAD 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 GLOUCESTER ROAD sales from November 1996 and January 2022 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 November 1996 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the January 2022 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 48 GLOUCESTER ROAD?

48 GLOUCESTER ROAD is 101m², which includes one extension, according to the EPC inspection conducted in November 2021. This puts it in the smallest 40% 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 GLOUCESTER ROAD lies on this distribution: 38% of detached houses are smaller than 48 GLOUCESTER ROAD, and 61% of houses are larger. Note that EPC data is not available for all properties in Grantham.

48 GLOUCESTER ROAD: Plot and Title Map

48 GLOUCESTER ROAD sits on a plot of roughly 0.111 of an acre, or 448m². The below map shows the location of 48 GLOUCESTER ROAD, 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 GLOUCESTER ROAD). 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 GLOUCESTER ROAD?

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