48, THE GROVE, MARKET DEEPING, PETERBOROUGH, PE6 8AP - £140,000

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 THE GROVE is a very small semi-detached house of 54m², built sometime between 1967 and 1975. It was last sold for £140,000 in October 2015, which was around 45% below the average October 2015 detached price in the South Kesteven local authority area. The most recent EPC inspection was August 2015, where the current energy rating was D, and the potential energy rating was B.

48 THE GROVE Sold Prices

Land registry data shows two sales for 48 THE GROVE 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 THE GROVE 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
2015 9 OCT	£140,000	£254,973	45% below HPI
2007 6 JUL	£152,000	£239,498	37% below HPI

48 THE GROVE 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 THE GROVE sales from July 2007 and October 2015 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 July 2007 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the October 2015 sale, where it falls to 45% below the HPI. The line then continues to track at 45% below the HPI.

How Large is 48 THE GROVE?

48 THE GROVE is 54m² according to the EPC inspection conducted in August 2015. This puts it in the smallest 10% of detached houses in Market Deeping, based on EPC data. The below chart shows the distribution of detached houses by size in Market Deeping, and where 48 THE GROVE lies on this distribution: Less than 1% of detached houses are smaller than 48 THE GROVE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Market Deeping.

48 THE GROVE: Plot and Title Map

48 THE GROVE sits on a plot of roughly 0.064 of an acre, or 258m². The below map shows the location of 48 THE GROVE, 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 THE GROVE). 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 THE GROVE?

48 THE GROVE is located in MARKET DEEPING, in the PE6 postcode district. The below map shows the position of No. 48 on THE GROVE.