5, CHERRYWOOD DRIVE, GONERBY HILL FOOT, GRANTHAM, NG31 8QL - £287,000

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

5 CHERRYWOOD DRIVE is a very large extended detached house of 153m², built sometime between 1983 and 1990. It was last sold for £287,000 in December 2015, which was around 8% above the average December 2015 detached price in the South Kesteven local authority area. The most recent EPC inspection was May 2015, where the current energy rating was D, and the potential energy rating was B.

5 CHERRYWOOD DRIVE Sold Prices

Land registry data shows two sales for 5 CHERRYWOOD DRIVE 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 CHERRYWOOD DRIVE sales were for above 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 14 DEC	£287,000	£264,945	8% above HPI
1995 19 MAY	£92,000	£69,253	33% above HPI

5 CHERRYWOOD DRIVE 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 CHERRYWOOD DRIVE sales from May 1995 and December 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 May 1995 sale was for 33% above the HPI. So the extrapolation line tracks at 33% above the HPI over time, until the December 2015 sale, where it falls to 8% above the HPI. The line then continues to track at 8% above the HPI.

How Large is 5 CHERRYWOOD DRIVE?

5 CHERRYWOOD DRIVE is 153m², which includes one extension, according to the EPC inspection conducted in May 2015. This puts it in the largest 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 5 CHERRYWOOD DRIVE lies on this distribution: 82% of detached houses are smaller than 5 CHERRYWOOD DRIVE, and 17% of houses are larger. Note that EPC data is not available for all properties in Grantham.

5 CHERRYWOOD DRIVE: Plot and Title Map

5 CHERRYWOOD DRIVE sits on a plot of roughly 0.095 of an acre, or 383m². The below map shows the location of 5 CHERRYWOOD DRIVE, 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 CHERRYWOOD DRIVE). 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 CHERRYWOOD DRIVE?

5 CHERRYWOOD DRIVE is located in GONERBY HILL FOOT, in the NG31 postcode district. The below map shows the position of No. 5 on CHERRYWOOD DRIVE.