56, BEACON LANE, GRANTHAM, NG31 9DL - £260,000

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

56 BEACON LANE is a large detached house of 133m², built sometime between 1950 and 1966. It was last sold for £260,000 in May 2014, which was around 15% above the average May 2014 detached price in the South Kesteven local authority area. The most recent EPC inspection was November 2010, where the current energy rating was D, and the potential energy rating was C.

56 BEACON LANE Sold Prices

Land registry data shows two sales for 56 BEACON LANE 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. One of the two 56 BEACON LANE sales was for above the average price, whilst the other was 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
2014 20 MAY	£260,000	£226,638	15% above HPI
2007 8 NOV	£242,500	£246,334	2% below HPI

56 BEACON LANE 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 56 BEACON LANE sales from November 2007 and May 2014 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 November 2007 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the May 2014 sale, where it rises to 15% above the HPI. The line then continues to track at 15% above the HPI.

How Large is 56 BEACON LANE?

56 BEACON LANE is 133m² according to the EPC inspection conducted in November 2010. This puts it in the largest 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 56 BEACON LANE lies on this distribution: 71% of detached houses are smaller than 56 BEACON LANE, and 29% of houses are larger. Note that EPC data is not available for all properties in Grantham.

56 BEACON LANE: Plot and Title Map

56 BEACON LANE sits on a plot of roughly 0.385 of an acre, or 1,558m². The below map shows the location of 56 BEACON 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 56 BEACON 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 56 BEACON LANE?

56 BEACON LANE is located in GRANTHAM, in the NG31 postcode district. The below map shows the position of No. 56 on BEACON LANE.