5, COVERLEY ROAD, SOUTH WITHAM, GRANTHAM, NG33 5SP - £200,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

5 COVERLEY ROAD is a very small detached house of 75m², built sometime between 2003 and 2006, which could now be worth an estimated £230,763. It was last sold for £200,000 in January 2021, which was around 37% below the average January 2021 detached price in the South Kesteven local authority area. The most recent EPC inspection was May 2014, where the current energy rating was C, and the potential energy rating was B.

5 COVERLEY ROAD Sold Prices

Land registry data shows six sales for 5 COVERLEY ROAD since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. All of the six 5 COVERLEY ROAD 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 29 JAN	£200,000	£317,669	37% below HPI
2015 20 FEB	£162,000	£232,825	30% below HPI
2012 17 AUG	£145,000	£215,120	33% below HPI
2010 23 JUL	£162,500	£216,684	25% below HPI
2001 27 JUL	£77,000	£118,413	35% below HPI
1997 12 DEC	£57,500	£82,017	30% below HPI

5 COVERLEY ROAD 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 six 5 COVERLEY ROAD sales between December 1997 and January 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 February 2015 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the January 2021 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

What might 5 COVERLEY ROAD be worth now?

5 COVERLEY ROAD might now be worth an estimated £230,763.

This is based on house price inflation of 15.4%, between January 2021 and March 2025, 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 15.4% inflationary increase is applied to the most recent sale price for 5 COVERLEY ROAD of £200,000 on 29th January 2021. For the value to have increased from £200,000 to £230,763 over the three years and ten months to March 2025, the following assumptions must hold true:

• The value of 5 COVERLEY ROAD has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The January 2021 sale price of £200,000 represented a fair market value for the property.
• The size, condition, and specification of 5 COVERLEY ROAD has not materially changed since January 2021.

How Large is 5 COVERLEY ROAD?

5 COVERLEY ROAD is 75m² according to the EPC inspection conducted in May 2014. This puts it in the smallest 20% of detached houses houses in South Witham, based on EPC data. The below chart shows the distribution of detached houses houses by size in South Witham, and where 5 COVERLEY ROAD lies on this distribution: 19% of detached houses houses are smaller than 5 COVERLEY ROAD, and 78% of houses are larger. Note that EPC data is not available for all properties in South Witham.

5 COVERLEY ROAD: Plot and Title Map

5 COVERLEY ROAD sits on a plot of roughly 0.067 of an acre, or 273m². The below map shows the location of 5 COVERLEY ROAD, 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 COVERLEY ROAD). 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 COVERLEY ROAD?

5 COVERLEY ROAD is located in SOUTH WITHAM, in the NG33 postcode district. The below map shows the position of No. 5 on COVERLEY ROAD.