55, CASTLEGATE, GRANTHAM, NG31 6SN - £730,000

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.

55 CASTLEGATE is a very small detached house of 48m², built sometime between 1976 and 1982, which could now be worth an estimated £823,683. It was last sold for £730,000 in June 2021, which was around 126% above the average June 2021 detached price in the South Kesteven local authority area. The most recent EPC inspection was September 2009, where the current energy rating was E, and the potential energy rating was E.

55 CASTLEGATE Sold Prices

Land registry data shows two sales for 55 CASTLEGATE 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 55 CASTLEGATE sales were for above 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
2021 16 JUN	£730,000	£323,184	126% above HPI
2002 21 OCT	£249,900	£153,056	63% above HPI

55 CASTLEGATE 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 55 CASTLEGATE sales from October 2002 and June 2021 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 October 2002 sale was for 63% above the HPI. So the extrapolation line tracks at 63% above the HPI over time, until the June 2021 sale, where it rises to 126% above the HPI. The line then continues to track at 126% above the HPI.

What might 55 CASTLEGATE be worth now?

55 CASTLEGATE might now be worth an estimated £823,683.

This is based on house price inflation of 12.8%, between June 2021 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 12.8% inflationary increase is applied to the most recent sale price for 55 CASTLEGATE of £730,000 on 16th June 2021. For the value to have increased from £730,000 to £823,683 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 55 CASTLEGATE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The June 2021 sale price of £730,000 represented a fair market value for the property.
• The size, condition, and specification of 55 CASTLEGATE has not materially changed since June 2021.

How Large is 55 CASTLEGATE?

55 CASTLEGATE is 48m² according to the EPC inspection conducted in September 2009. This puts it in the smallest 10% 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 55 CASTLEGATE lies on this distribution: Less than 1% of detached houses houses are smaller than 55 CASTLEGATE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Grantham.

55 CASTLEGATE: Plot and Title Map

55 CASTLEGATE sits on a plot of roughly 0.230 of an acre, or 930m². The below map shows the location of 55 CASTLEGATE, 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 55 CASTLEGATE). 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 55 CASTLEGATE?

55 CASTLEGATE is located in GRANTHAM, in the NG31 postcode district. The below map shows the position of No. 55 on CASTLEGATE.