50, GORSE ROAD, GRANTHAM, NG31 9LQ - £275,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

50 GORSE ROAD is a small detached house of 86m², built sometime between 1950 and 1966. It was last sold for £275,000 in November 2022, which was around 28% below the average November 2022 detached price in the South Kesteven local authority area. The most recent EPC inspection was April 2022, where the current energy rating was D, and the potential energy rating was B.

50 GORSE ROAD Sold Prices

Land registry data shows two sales for 50 GORSE ROAD 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 50 GORSE ROAD 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
2022 23 NOV	£275,000	£381,399	28% below HPI
1996 5 AUG	£54,000	£73,592	27% below HPI

50 GORSE ROAD 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 50 GORSE ROAD sales from August 1996 and November 2022 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 1996 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the November 2022 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 50 GORSE ROAD?

50 GORSE ROAD is 86m² according to the EPC inspection conducted in April 2022. This puts it in the smallest 30% 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 GORSE ROAD lies on this distribution: 23% of detached houses are smaller than 50 GORSE ROAD, and 77% of houses are larger. Note that EPC data is not available for all properties in Grantham.

50 GORSE ROAD: Plot and Title Map

50 GORSE ROAD sits on a plot of roughly 0.148 of an acre, or 601m². The below map shows the location of 50 GORSE ROAD, 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 GORSE ROAD). 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 GORSE ROAD?

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