5, MENDIP CLOSE, GONERBY HILL FOOT, GRANTHAM, NG31 8GB - £174,000

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 MENDIP CLOSE is a small detached house of 90m², built sometime between 1991 and 1995. It was last sold for £174,000 in March 2013, which was around 19% below the average March 2013 detached price in the South Kesteven local authority area. The most recent EPC inspection was January 2013, where the current energy rating was C, and the potential energy rating was C.

5 MENDIP CLOSE Sold Prices

Land registry data shows two sales for 5 MENDIP CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. Both of the two 5 MENDIP 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
2013 25 MAR	£174,000	£215,184	19% below HPI
2007 5 OCT	£176,500	£247,133	29% below HPI

5 MENDIP 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 two 5 MENDIP CLOSE sales from October 2007 and March 2013 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 October 2007 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the March 2013 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 5 MENDIP CLOSE?

5 MENDIP CLOSE is 90m² according to the EPC inspection conducted in January 2013. This puts it in the smallest 30% 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 MENDIP CLOSE lies on this distribution: 27% of detached houses are smaller than 5 MENDIP CLOSE, and 73% of houses are larger. Note that EPC data is not available for all properties in Grantham.

5 MENDIP CLOSE: Plot and Title Map

5 MENDIP CLOSE sits on a plot of roughly 0.103 of an acre, or 418m². The below map shows the location of 5 MENDIP 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 MENDIP 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 MENDIP CLOSE?

5 MENDIP CLOSE is located in GONERBY HILL FOOT, in the NG31 postcode district. The below map shows the position of No. 5 on MENDIP CLOSE.