48, STEPHENSON AVENUE, GONERBY HILL FOOT, GRANTHAM, NG31 8QB - £275,000

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 STEPHENSON AVENUE is a small extended detached house of 89m², built sometime between 1976 and 1982. It was last sold for £275,000 in July 2022, which was around 26% below the average July 2022 detached price in the South Kesteven local authority area. The most recent EPC inspection was October 2018, where the current energy rating was D, and the potential energy rating was B.

48 STEPHENSON AVENUE Sold Prices

Land registry data shows two sales for 48 STEPHENSON AVENUE 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 STEPHENSON AVENUE 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 5 JUL	£275,000	£371,248	26% below HPI
2018 19 DEC	£210,000	£300,571	30% below HPI

48 STEPHENSON AVENUE 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 STEPHENSON AVENUE sales from December 2018 and July 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 December 2018 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the July 2022 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 48 STEPHENSON AVENUE?

48 STEPHENSON AVENUE is 89m², which includes two extensions, according to the EPC inspection conducted in October 2018. This puts it in the smallest 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 STEPHENSON AVENUE lies on this distribution: 26% of detached houses are smaller than 48 STEPHENSON AVENUE, and 73% of houses are larger. Note that EPC data is not available for all properties in Grantham.

48 STEPHENSON AVENUE: Plot and Title Map

48 STEPHENSON AVENUE sits on a plot of roughly 0.089 of an acre, or 361m². The below map shows the location of 48 STEPHENSON AVENUE, 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 STEPHENSON AVENUE). 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 STEPHENSON AVENUE?

48 STEPHENSON AVENUE is located in GONERBY HILL FOOT, in the NG31 postcode district. The below map shows the position of No. 48 on STEPHENSON AVENUE.