55, GORSE ROAD, GRANTHAM, NG31 9LH - £184,000

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

55 GORSE ROAD is a very small detached house of 56m², built sometime between 1930 and 1949. It was last sold for £184,000 in July 2023, which was around 50% below the average July 2023 detached price in the South Kesteven local authority area. The most recent EPC inspection was July 2023, where the current energy rating was D, and the potential energy rating was B.

55 GORSE ROAD Sold Prices

Land registry data shows three sales for 55 GORSE ROAD 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. All of the three 55 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
2023 31 JUL	£184,000	£371,493	50% below HPI
2004 11 AUG	£143,000	£207,757	31% below HPI
2003 17 APR	£86,000	£168,989	49% below HPI

55 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 three 55 GORSE ROAD sales between April 2003 and July 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 August 2004 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the July 2023 sale, where it falls to 50% below the HPI. The line then continues to track at 50% below the HPI.

How Large is 55 GORSE ROAD?

55 GORSE ROAD is 56m² according to the EPC inspection conducted in July 2023. This puts it in the smallest 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 55 GORSE ROAD lies on this distribution: 2% of detached houses are smaller than 55 GORSE ROAD, and 97% of houses are larger. Note that EPC data is not available for all properties in Grantham.

55 GORSE ROAD: Plot and Title Map

55 GORSE ROAD sits on a plot of roughly 0.110 of an acre, or 447m². The below map shows the location of 55 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 55 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 55 GORSE ROAD?

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