5, WESTMINSTER WAY, GRANTHAM, NG31 8PQ - £174,950

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 WESTMINSTER WAY is a midsized detached house of 117m², built sometime between 1996 and 2002, which could now be worth an estimated £320,724. It was last sold for £174,950 in May 2009, which was around 12% below the average May 2009 detached price in the South Kesteven local authority area. The most recent EPC inspection was November 2008, where the current energy rating was D, and the potential energy rating was C.

5 WESTMINSTER WAY Sold Prices

Land registry data shows two sales for 5 WESTMINSTER 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 WESTMINSTER 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
2009 22 MAY	£174,950	£198,916	12% below HPI
2003 1 MAY	£154,000	£169,046	9% below HPI

5 WESTMINSTER 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 WESTMINSTER WAY sales from May 2003 and May 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 May 2003 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the May 2009 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 5 WESTMINSTER WAY be worth now?

5 WESTMINSTER WAY might now be worth an estimated £320,724.

This is based on house price inflation of 83.3%, between May 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 83.3% inflationary increase is applied to the most recent sale price for 5 WESTMINSTER WAY of £174,950 on 22nd May 2009. For the value to have increased from £174,950 to £320,724 over the sixteen years and three months to February 2025, the following assumptions must hold true:

• The value of 5 WESTMINSTER WAY has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The May 2009 sale price of £174,950 represented a fair market value for the property.
• The size, condition, and specification of 5 WESTMINSTER WAY has not materially changed since May 2009.

How Large is 5 WESTMINSTER WAY?

5 WESTMINSTER WAY is 117m² according to the EPC inspection conducted in November 2008. This puts it in the largest 50% 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 WESTMINSTER WAY lies on this distribution: 56% of detached houses houses are smaller than 5 WESTMINSTER WAY, and 44% of houses are larger. Note that EPC data is not available for all properties in Grantham.

5 WESTMINSTER WAY: Plot and Title Map

5 WESTMINSTER WAY sits on a plot of roughly 0.080 of an acre, or 325m². The below map shows the location of 5 WESTMINSTER 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 WESTMINSTER 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 WESTMINSTER WAY?

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