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

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 FIRST AVENUE is a very small detached house of 53m², built sometime between 1983 and 1990, which could now be worth an estimated £197,275. It was last sold for £159,950 in July 2018, which was around 46% 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	£295,665	46% below HPI
2011 27 MAY	£105,000	£214,282	51% below HPI
1995 10 NOV	£43,000	£70,060	39% 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 51% below the HPI. So the extrapolation line tracks at 51% below the HPI over time, until the July 2018 sale, where it rises to 46% below the HPI. The line then continues to track at 46% below the HPI.

What might 5 FIRST AVENUE be worth now?

5 FIRST AVENUE might now be worth an estimated £197,275.

This is based on house price inflation of 23.3%, between July 2018 and February 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 23.3% inflationary increase is applied to the most recent sale price for 5 FIRST AVENUE of £159,950 on 27th July 2018. For the value to have increased from £159,950 to £197,275 over the seven years and five months to February 2025, the following assumptions must hold true:

• The value of 5 FIRST AVENUE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The July 2018 sale price of £159,950 represented a fair market value for the property.
• The size, condition, and specification of 5 FIRST AVENUE has not materially changed since July 2018.

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 houses in Grantham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Grantham, and where 5 FIRST AVENUE lies on this distribution: 2% of detached houses 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.