6, WELLS CLOSE, GRANTHAM, NG31 8NJ - £237,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

6 WELLS CLOSE is a large extended detached house of 126m², built sometime between 1976 and 1982. It was last sold for £237,000 in November 2016, which was around 13% below the average November 2016 detached price in the South Kesteven local authority area. The most recent EPC inspection was August 2016, where the current energy rating was D, and the potential energy rating was B.

6 WELLS CLOSE Sold Prices

Land registry data shows three sales for 6 WELLS CLOSE 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. The three 6 WELLS CLOSE sales were a mix of below the average price, and roughly equal to 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
2016 10 NOV	£237,000	£273,230	13% below HPI
2000 8 DEC	£104,000	£112,060	7% below HPI
1996 24 MAY	£69,000	£69,294	Close to HPI

6 WELLS CLOSE 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 6 WELLS CLOSE sales between May 1996 and November 2016 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 December 2000 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the November 2016 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 6 WELLS CLOSE?

6 WELLS CLOSE is 126m², which includes two extensions, according to the EPC inspection conducted in August 2016. This puts it in the largest 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 6 WELLS CLOSE lies on this distribution: 65% of detached houses are smaller than 6 WELLS CLOSE, and 34% of houses are larger. Note that EPC data is not available for all properties in Grantham.

6 WELLS CLOSE: Plot and Title Map

6 WELLS CLOSE sits on a plot of roughly 0.098 of an acre, or 398m². The below map shows the location of 6 WELLS CLOSE, 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 6 WELLS CLOSE). 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 6 WELLS CLOSE?

6 WELLS CLOSE is located in GRANTHAM, in the NG31 postcode district. The below map shows the position of No. 6 on WELLS CLOSE.