53, CAVENDISH WAY, GRANTHAM, NG31 9FN - £150,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

53 CAVENDISH WAY is a small detached house of 96m², built sometime between 2003 and 2006. It was last sold for £150,000 in November 2008, which was around 30% below the average November 2008 detached price in the South Kesteven local authority area. The most recent EPC inspection was December 2016, where the current energy rating was C, and the potential energy rating was B.

53 CAVENDISH WAY Sold Prices

Land registry data shows four sales for 53 CAVENDISH WAY 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 53 CAVENDISH 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
2008 27 NOV	£150,000	£213,361	30% below HPI
2008 7 AUG	£188,000	£234,998	20% below HPI
2006 28 APR	£167,000	£215,456	22% below HPI
2004 28 APR	£164,995	£190,867	14% below HPI

53 CAVENDISH 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 four 53 CAVENDISH WAY sales between April 2004 and November 2008 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 2008 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the November 2008 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 53 CAVENDISH WAY?

53 CAVENDISH WAY is 96m² according to the EPC inspection conducted in December 2016. This puts it in the smallest 40% of detached houses in Grantham, based on EPC data. The below chart shows the distribution of detached houses by size in Grantham, and where 53 CAVENDISH WAY lies on this distribution: 32% of detached houses are smaller than 53 CAVENDISH WAY, and 67% of houses are larger. Note that EPC data is not available for all properties in Grantham.

53 CAVENDISH WAY: Plot and Title Map

53 CAVENDISH WAY sits on a plot of roughly 0.050 of an acre, or 204m². The below map shows the location of 53 CAVENDISH 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 53 CAVENDISH 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 53 CAVENDISH WAY?

53 CAVENDISH WAY is located in GRANTHAM, in the NG31 postcode district. The below map shows the position of No. 53 on CAVENDISH WAY.