5, NORWICH WAY, GRANTHAM, NG31 8AL - £162,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

5 NORWICH WAY is a very small detached house of 67m², built sometime between 1983 and 1990. It was last sold for £162,500 in March 2012, which was around 24% below the average March 2012 detached price in the South Kesteven local authority area. The most recent EPC inspection was February 2012, where the current energy rating was C, and the potential energy rating was C.

5 NORWICH WAY Sold Prices

Land registry data shows two sales for 5 NORWICH WAY 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 NORWICH WAY 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
2012 16 MAR	£162,500	£214,150	24% below HPI
2002 26 APR	£96,100	£130,441	26% below HPI

5 NORWICH WAY 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 NORWICH WAY sales from April 2002 and March 2012 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 April 2002 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the March 2012 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 5 NORWICH WAY be worth now?

5 NORWICH WAY might now be worth an estimated £279,498.

This is based on house price inflation of 72%, between March 2012 and December 2024, 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 72% inflationary increase is applied to the most recent sale price for 5 NORWICH WAY of £162,500 on 16th March 2012. For the value to have increased from £162,500 to £279,498 over the eleven years and three months to December 2024, the following assumptions must hold true:

• The value of 5 NORWICH WAY has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The March 2012 sale price of £162,500 represented a fair market value for the property.
• The size, condition, and specification of 5 NORWICH WAY has not materially changed since March 2012.

How Large is 5 NORWICH WAY?

5 NORWICH WAY is 67m² according to the EPC inspection conducted in February 2012. 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 NORWICH WAY lies on this distribution: 7% of detached houses houses are smaller than 5 NORWICH WAY, and 93% of houses are larger. Note that EPC data is not available for all properties in Grantham.

5 NORWICH WAY: Plot and Title Map

5 NORWICH WAY sits on a plot of roughly 0.091 of an acre, or 370m². The below map shows the location of 5 NORWICH WAY, 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 NORWICH WAY). 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 NORWICH WAY?

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