7, CEDARWOOD CLOSE, GONERBY HILL FOOT, GRANTHAM, NG31 8QJ - £128,000

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

7 CEDARWOOD CLOSE is a very small detached house of 58m², built sometime between 1983 and 1990. It was last sold for £128,000 in November 2009, which was around 40% below the average November 2009 detached price in the South Kesteven local authority area. The most recent EPC inspection was May 2023, where the current energy rating was D, and the potential energy rating was B.

7 CEDARWOOD CLOSE Sold Prices

Land registry data shows two sales for 7 CEDARWOOD CLOSE 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 7 CEDARWOOD CLOSE 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
2009 2 NOV	£128,000	£212,329	40% below HPI
1997 9 JUL	£46,500	£78,035	40% below HPI

7 CEDARWOOD 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 two 7 CEDARWOOD CLOSE sales from July 1997 and November 2009 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 July 1997 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the November 2009 sale, which was also at 40% below the HPI.

How Large is 7 CEDARWOOD CLOSE?

7 CEDARWOOD CLOSE is 58m² according to the EPC inspection conducted in May 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 7 CEDARWOOD CLOSE lies on this distribution: 3% of detached houses are smaller than 7 CEDARWOOD CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Grantham.

7 CEDARWOOD CLOSE: Plot and Title Map

7 CEDARWOOD CLOSE sits on a plot of roughly 0.092 of an acre, or 372m². The below map shows the location of 7 CEDARWOOD 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 7 CEDARWOOD 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 7 CEDARWOOD CLOSE?

7 CEDARWOOD CLOSE is located in GONERBY HILL FOOT, in the NG31 postcode district. The below map shows the position of No. 7 on CEDARWOOD CLOSE.