49, CAVENDISH WAY, GRANTHAM, NG31 9FN - £220,000

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

49 CAVENDISH WAY is a very small detached house of 78m², built sometime between 2003 and 2006. It was last sold for £220,000 in May 2024, which was around 42% below the average May 2024 detached price in the South Kesteven local authority area. The most recent EPC inspection was November 2023, where the current energy rating was C, and the potential energy rating was B.

49 CAVENDISH WAY Sold Prices

Land registry data shows four sales for 49 CAVENDISH WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. All of the four 49 CAVENDISH WAY 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
2024 30 MAY	£220,000	£376,695	42% below HPI
2019 28 JUN	£165,000	£297,485	45% below HPI
2010 25 NOV	£130,000	£221,937	41% below HPI
2006 27 APR	£150,995	£215,456	30% below HPI

49 CAVENDISH WAY 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 four 49 CAVENDISH WAY sales between April 2006 and May 2024 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 June 2019 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the May 2024 sale, where it rises to 42% below the HPI. The line then continues to track at 42% below the HPI.

How Large is 49 CAVENDISH WAY?

49 CAVENDISH WAY is 78m² according to the EPC inspection conducted in November 2023. This puts it in the smallest 20% of detached houses in Grantham, based on EPC data. The below chart shows the distribution of detached houses by size in Grantham, and where 49 CAVENDISH WAY lies on this distribution: 16% of detached houses are smaller than 49 CAVENDISH WAY, and 83% of houses are larger. Note that EPC data is not available for all properties in Grantham.

49 CAVENDISH WAY: Plot and Title Map

49 CAVENDISH WAY sits on a plot of roughly 0.050 of an acre, or 203m². The below map shows the location of 49 CAVENDISH WAY, 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 49 CAVENDISH WAY). 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 49 CAVENDISH WAY?

49 CAVENDISH WAY is located in GRANTHAM, in the NG31 postcode district. The below map shows the position of No. 49 on CAVENDISH WAY.