50, BEACON LANE, GRANTHAM, NG31 9DL - £337,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

50 BEACON LANE is a very large extended detached house of 179m², built sometime between 1976 and 1982. It was last sold for £337,000 in November 2015, which was around 30% above the average November 2015 detached price in the South Kesteven local authority area. The most recent EPC inspection was June 2015, where the current energy rating was C, and the potential energy rating was B.

50 BEACON LANE Sold Prices

Land registry data shows three sales for 50 BEACON LANE 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. Two of the three 50 BEACON LANE sales were for above the average price, whilst one was 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
2015 25 NOV	£337,000	£258,421	30% above HPI
2007 31 AUG	£225,000	£240,864	7% below HPI
1995 9 AUG	£92,000	£72,662	27% above HPI

50 BEACON LANE 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 50 BEACON LANE sales between August 1995 and November 2015 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 August 2007 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the November 2015 sale, where it rises to 30% above the HPI. The line then continues to track at 30% above the HPI.

How Large is 50 BEACON LANE?

50 BEACON LANE is 179m², which includes two extensions, according to the EPC inspection conducted in June 2015. This puts it in the largest 10% of detached houses in Grantham, based on EPC data. The below chart shows the distribution of detached houses by size in Grantham, and where 50 BEACON LANE lies on this distribution: 91% of detached houses are smaller than 50 BEACON LANE, and 8% of houses are larger. Note that EPC data is not available for all properties in Grantham.

50 BEACON LANE: Plot and Title Map

50 BEACON LANE sits on a plot of roughly 0.153 of an acre, or 617m². The below map shows the location of 50 BEACON LANE, 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 50 BEACON LANE). 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 50 BEACON LANE?

50 BEACON LANE is located in GRANTHAM, in the NG31 postcode district. The below map shows the position of No. 50 on BEACON LANE.