5, MERRICK CLOSE, GREAT GONERBY, GRANTHAM, NG31 8NL - £282,500

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 MERRICK CLOSE is a midsized extended detached house of 110m², built sometime between 1996 and 2002, which could now be worth an estimated £289,453. It was last sold for £282,500 in April 2022, which was around 21% below the average April 2022 detached price in the South Kesteven local authority area. The most recent EPC inspection was August 2021, where the current energy rating was D, and the potential energy rating was C.

5 MERRICK CLOSE Sold Prices

Land registry data shows three sales for 5 MERRICK CLOSE 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 MERRICK 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
2022 11 APR	£282,500	£355,900	21% below HPI
2015 18 SEP	£190,000	£246,923	23% below HPI
2000 19 DEC	£101,000	£110,215	8% below HPI

5 MERRICK 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 three 5 MERRICK CLOSE sales between December 2000 and April 2022 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 September 2015 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the April 2022 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 5 MERRICK CLOSE be worth now?

5 MERRICK CLOSE might now be worth an estimated £289,453.

This is based on house price inflation of 2.5%, between April 2022 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 2.5% inflationary increase is applied to the most recent sale price for 5 MERRICK CLOSE of £282,500 on 11th April 2022. For the value to have increased from £282,500 to £289,453 over the three years and two months to February 2025, the following assumptions must hold true:

• The value of 5 MERRICK CLOSE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The April 2022 sale price of £282,500 represented a fair market value for the property.
• The size, condition, and specification of 5 MERRICK CLOSE has not materially changed since April 2022.

How Large is 5 MERRICK CLOSE?

5 MERRICK CLOSE is 110m², which includes two extensions, according to the EPC inspection conducted in August 2021. This puts it in the smallest 50% of detached houses houses in Great Gonerby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Great Gonerby, and where 5 MERRICK CLOSE lies on this distribution: 45% of detached houses houses are smaller than 5 MERRICK CLOSE, and 55% of houses are larger. Note that EPC data is not available for all properties in Great Gonerby.

5 MERRICK CLOSE: Plot and Title Map

5 MERRICK CLOSE sits on a plot of roughly 0.056 of an acre, or 228m². The below map shows the location of 5 MERRICK 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 MERRICK 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 MERRICK CLOSE?

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