5, FIRST AVENUE, GRANTHAM, NG31 9TL - £159,950

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

5 FIRST AVENUE is a very small detached house of 53m², built sometime between 1983 and 1990. It was last sold for £159,950 in July 2018, which was around 47% below the average July 2018 detached price in the South Kesteven local authority area. The most recent EPC inspection was November 2010, where the current energy rating was D, and the potential energy rating was D.

5 FIRST AVENUE Sold Prices

Land registry data shows three sales for 5 FIRST AVENUE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. All of the three 5 FIRST AVENUE 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
2018 27 JUL	£159,950	£300,614	47% below HPI
2011 27 MAY	£105,000	£217,869	52% below HPI
1995 10 NOV	£43,000	£71,233	40% below HPI

5 FIRST AVENUE 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 three 5 FIRST AVENUE sales between November 1995 and July 2018 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 2011 sale was for 52% below the HPI. So the extrapolation line tracks at 52% below the HPI over time, until the July 2018 sale, where it rises to 47% below the HPI. The line then continues to track at 47% below the HPI.

How Large is 5 FIRST AVENUE?

5 FIRST AVENUE is 53m² according to the EPC inspection conducted in November 2010. This puts it in the smallest 10% 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 FIRST AVENUE lies on this distribution: 2% of detached houses are smaller than 5 FIRST AVENUE, and 98% of houses are larger. Note that EPC data is not available for all properties in Grantham.

5 FIRST AVENUE: Plot and Title Map

5 FIRST AVENUE sits on a plot of roughly 0.091 of an acre, or 369m². The below map shows the location of 5 FIRST AVENUE, 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 FIRST AVENUE). 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 FIRST AVENUE?

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