5, GORSE RISE, GRANTHAM, NG31 9BS - £154,500

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 GORSE RISE is a very small semi-detached house of 77m², built sometime between 1930 and 1949, which could now be worth an estimated £191,686. It was last sold for £154,500 in October 2018, which was around 19% below the average October 2018 semi-detached price in the South Kesteven local authority area. The most recent EPC inspection was August 2012, where the current energy rating was D, and the potential energy rating was B.

5 GORSE RISE Sold Prices

Land registry data shows two sales for 5 GORSE RISE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the South Kesteven local authority area for the corresponding sale date. Both of the two 5 GORSE RISE 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 2 OCT	£154,500	£190,424	19% below HPI
2012 14 DEC	£88,000	£134,940	35% below HPI

5 GORSE RISE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the South Kesteven local authority area over time, sourced from the HPI. The two 5 GORSE RISE sales from December 2012 and October 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 December 2012 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the October 2018 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 5 GORSE RISE be worth now?

5 GORSE RISE might now be worth an estimated £191,686.

This is based on house price inflation of 24.1%, between October 2018 and February 2025, for semi-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 24.1% inflationary increase is applied to the most recent sale price for 5 GORSE RISE of £154,500 on 2nd October 2018. For the value to have increased from £154,500 to £191,686 over the seven years and eight months to February 2025, the following assumptions must hold true:

• The value of 5 GORSE RISE has moved in line with the HPI for semi-detached houses in the South Kesteven local authority area.
• The October 2018 sale price of £154,500 represented a fair market value for the property.
• The size, condition, and specification of 5 GORSE RISE has not materially changed since October 2018.

How Large is 5 GORSE RISE?

5 GORSE RISE is 77m² according to the EPC inspection conducted in August 2012. This puts it in the smallest 20% of semi-detached houses houses in Grantham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Grantham, and where 5 GORSE RISE lies on this distribution: 15% of semi-detached houses houses are smaller than 5 GORSE RISE, and 84% of houses are larger. Note that EPC data is not available for all properties in Grantham.

5 GORSE RISE: Plot and Title Map

5 GORSE RISE sits on a plot of roughly 0.058 of an acre, or 233m². The below map shows the location of 5 GORSE RISE, 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 GORSE RISE). 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 GORSE RISE?

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