5, THE SQUARE, SKILLINGTON, GRANTHAM, NG33 5HB - £220,000

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 THE SQUARE is a very small extended detached house of 87m², built sometime before 1900, which could now be worth an estimated £262,782. It was last sold for £220,000 in June 2020, which was around 28% below the average June 2020 detached price in the South Kesteven local authority area. The most recent EPC inspection was October 2019, where the current energy rating was E, and the potential energy rating was B.

5 THE SQUARE Sold Prices

Land registry data shows four sales for 5 THE SQUARE 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 THE SQUARE 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
2020 25 JUN	£220,000	£305,291	28% below HPI
2004 26 NOV	£150,000	£209,657	28% below HPI
2002 31 MAY	£80,000	£135,565	41% below HPI
1999 30 JUL	£57,000	£89,445	36% below HPI

5 THE SQUARE 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 THE SQUARE sales between July 1999 and June 2020 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 November 2004 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the June 2020 sale, which was also at 28% below the HPI.

What might 5 THE SQUARE be worth now?

5 THE SQUARE might now be worth an estimated £262,782.

This is based on house price inflation of 19.4%, between June 2020 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 19.4% inflationary increase is applied to the most recent sale price for 5 THE SQUARE of £220,000 on 25th June 2020. For the value to have increased from £220,000 to £262,782 over the five years and four months to February 2025, the following assumptions must hold true:

• The value of 5 THE SQUARE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The June 2020 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 5 THE SQUARE has not materially changed since June 2020.

How Large is 5 THE SQUARE?

5 THE SQUARE is 87m², which includes two extensions, according to the EPC inspection conducted in October 2019. This puts it in the smallest 10% of detached houses houses in Skillington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Skillington, and where 5 THE SQUARE lies on this distribution: 3% of detached houses houses are smaller than 5 THE SQUARE, and 97% of houses are larger. Note that EPC data is not available for all properties in Skillington.

5 THE SQUARE: Plot and Title Map

5 THE SQUARE sits on a plot of roughly 0.046 of an acre, or 186m². The below map shows the location of 5 THE SQUARE, 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 THE SQUARE). 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 THE SQUARE?

5 THE SQUARE is located in SKILLINGTON, in the NG33 postcode district. The below map shows the position of No. 5 on THE SQUARE.