5, BURROWS CLOSE, GRANTHAM, NG31 7WP - £225,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

5 BURROWS CLOSE is a small detached house of 94m². It was last sold for £225,000 in June 2021, which was around 30% below the average June 2021 detached price in the South Kesteven local authority area. The most recent EPC inspection was April 2013, where the current energy rating was C, and the potential energy rating was C.

5 BURROWS CLOSE Sold Prices

Land registry data shows two sales for 5 BURROWS CLOSE 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 5 BURROWS CLOSE 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
2021 11 JUN	£225,000	£323,184	30% below HPI
2018 3 AUG	£214,500	£299,510	28% below HPI

5 BURROWS CLOSE 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 5 BURROWS CLOSE sales from August 2018 and June 2021 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 August 2018 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the June 2021 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 5 BURROWS CLOSE be worth now?

5 BURROWS CLOSE might now be worth an estimated £256,435.

This is based on house price inflation of 14%, between June 2021 and December 2024, 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 14% inflationary increase is applied to the most recent sale price for 5 BURROWS CLOSE of £225,000 on 11th June 2021. For the value to have increased from £225,000 to £256,435 over the two years and six months to December 2024, the following assumptions must hold true:

• The value of 5 BURROWS CLOSE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The June 2021 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 5 BURROWS CLOSE has not materially changed since June 2021.

How Large is 5 BURROWS CLOSE?

5 BURROWS CLOSE is 94m² according to the EPC inspection conducted in April 2013. 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 5 BURROWS CLOSE lies on this distribution: 30% of detached houses houses are smaller than 5 BURROWS CLOSE, and 69% of houses are larger. Note that EPC data is not available for all properties in Grantham.

5 BURROWS CLOSE: Plot and Title Map

5 BURROWS CLOSE sits on a plot of roughly 0.050 of an acre, or 201m². The below map shows the location of 5 BURROWS CLOSE, 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 5 BURROWS CLOSE). 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 5 BURROWS CLOSE?

5 BURROWS CLOSE is located in GRANTHAM, in the NG31 postcode district. The below map shows the position of No. 5 on BURROWS CLOSE.