5, WELLS CLOSE, GRANTHAM, NG31 8NJ - £170,000

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 WELLS CLOSE is a small detached house of 102m², built sometime between 1983 and 1990, which could now be worth an estimated £313,240. It was last sold for £170,000 in June 2009, which was around 14% below the average June 2009 detached price in the South Kesteven local authority area. The most recent EPC inspection was April 2009, where the current energy rating was D, and the potential energy rating was C.

5 WELLS CLOSE Sold Prices

Land registry data shows two sales for 5 WELLS 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. One of the two 5 WELLS CLOSE sales was for below the average price, whilst the other was for above 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
2009 3 JUN	£170,000	£197,906	14% below HPI
1995 4 APR	£74,000	£68,048	9% above HPI

5 WELLS 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 WELLS CLOSE sales from April 1995 and June 2009 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 1995 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the June 2009 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 5 WELLS CLOSE be worth now?

5 WELLS CLOSE might now be worth an estimated £313,240.

This is based on house price inflation of 84.3%, between June 2009 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 84.3% inflationary increase is applied to the most recent sale price for 5 WELLS CLOSE of £170,000 on 3rd June 2009. For the value to have increased from £170,000 to £313,240 over the sixteen years and four months to February 2025, the following assumptions must hold true:

• The value of 5 WELLS CLOSE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The June 2009 sale price of £170,000 represented a fair market value for the property.
• The size, condition, and specification of 5 WELLS CLOSE has not materially changed since June 2009.

How Large is 5 WELLS CLOSE?

5 WELLS CLOSE is 102m² according to the EPC inspection conducted in April 2009. This puts it in the smallest 40% 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 WELLS CLOSE lies on this distribution: 39% of detached houses houses are smaller than 5 WELLS CLOSE, and 61% of houses are larger. Note that EPC data is not available for all properties in Grantham.

5 WELLS CLOSE: Plot and Title Map

5 WELLS CLOSE sits on a plot of roughly 0.087 of an acre, or 351m². The below map shows the location of 5 WELLS 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 WELLS 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 WELLS CLOSE?

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