5, LINCOLN CLOSE, GRANTHAM, NG31 8RQ - £153,500

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 LINCOLN CLOSE is a very small extended detached house of 76m², built sometime between 1991 and 1995, which could now be worth an estimated £241,515. It was last sold for £153,500 in September 2014, which was around 34% below the average September 2014 detached price in the South Kesteven local authority area. The most recent EPC inspection was September 2013, where the current energy rating was D, and the potential energy rating was C.

5 LINCOLN CLOSE Sold Prices

Land registry data shows four sales for 5 LINCOLN CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. All of the four 5 LINCOLN CLOSE 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
2014 10 SEP	£153,500	£231,767	34% below HPI
2014 27 MAR	£153,500	£223,835	31% below HPI
1995 10 NOV	£52,500	£70,060	25% below HPI
1995 11 APR	£60,000	£68,048	12% below HPI

5 LINCOLN CLOSE 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 four 5 LINCOLN CLOSE sales between April 1995 and September 2014 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 March 2014 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the September 2014 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 5 LINCOLN CLOSE be worth now?

5 LINCOLN CLOSE might now be worth an estimated £241,515.

This is based on house price inflation of 57.3%, between September 2014 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 57.3% inflationary increase is applied to the most recent sale price for 5 LINCOLN CLOSE of £153,500 on 10th September 2014. For the value to have increased from £153,500 to £241,515 over the eleven years and seven months to February 2025, the following assumptions must hold true:

• The value of 5 LINCOLN CLOSE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The September 2014 sale price of £153,500 represented a fair market value for the property.
• The size, condition, and specification of 5 LINCOLN CLOSE has not materially changed since September 2014.

How Large is 5 LINCOLN CLOSE?

5 LINCOLN CLOSE is 76m², which includes one extension, according to the EPC inspection conducted in September 2013. This puts it in the smallest 20% 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 LINCOLN CLOSE lies on this distribution: 14% of detached houses houses are smaller than 5 LINCOLN CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Grantham.

5 LINCOLN CLOSE: Plot and Title Map

5 LINCOLN CLOSE sits on a plot of roughly 0.076 of an acre, or 308m². The below map shows the location of 5 LINCOLN CLOSE, 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 LINCOLN CLOSE). 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 LINCOLN CLOSE?

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