54, GROVE LANE, KERESLEY END, COVENTRY, CV7 8PW - £245,000

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

54 GROVE LANE is a very small detached house of 67m², built sometime between 1976 and 1982. It was last sold for £245,000 in January 2023, which was around 29% below the average January 2023 detached price in the Nuneaton and Bedworth local authority area. The most recent EPC inspection was April 2017, where the current energy rating was C, and the potential energy rating was B.

54 GROVE LANE Sold Prices

Land registry data shows four sales for 54 GROVE LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Nuneaton and Bedworth local authority area for the corresponding sale date. All of the four 54 GROVE LANE 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
2023 6 JAN	£245,000	£346,934	29% below HPI
2018 22 JUN	£208,500	£269,216	23% below HPI
2011 20 OCT	£130,000	£204,885	37% below HPI
2000 22 DEC	£72,000	£104,995	31% below HPI

54 GROVE LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Nuneaton and Bedworth local authority area over time, sourced from the HPI. The four 54 GROVE LANE sales between December 2000 and January 2023 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 June 2018 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the January 2023 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 54 GROVE LANE?

54 GROVE LANE is 67m² according to the EPC inspection conducted in April 2017. This puts it in the smallest 10% of detached houses in Keresley Newlands, based on EPC data. The below chart shows the distribution of detached houses by size in Keresley Newlands, and where 54 GROVE LANE lies on this distribution: 8% of detached houses are smaller than 54 GROVE LANE, and 92% of houses are larger. Note that EPC data is not available for all properties in Keresley Newlands.

54 GROVE LANE: Plot and Title Map

54 GROVE LANE sits on a plot of roughly 0.064 of an acre, or 259m². The below map shows the location of 54 GROVE 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 54 GROVE 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 54 GROVE LANE?

54 GROVE LANE is located in KERESLEY END, in the CV7 postcode district. The below map shows the position of No. 54 on GROVE LANE.