7, CHELMSFORD DRIVE, GRANTHAM, NG31 8PF - £188,000

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 CHELMSFORD DRIVE is a very small detached house of 57m², built sometime between 1983 and 1990. It was last sold for £188,000 in December 2016, which was around 31% below the average December 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 C.

7 CHELMSFORD DRIVE Sold Prices

Land registry data shows two sales for 7 CHELMSFORD DRIVE 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 CHELMSFORD DRIVE 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
2016 12 DEC	£188,000	£272,264	31% below HPI
1997 8 JAN	£64,500	£74,178	13% below HPI

7 CHELMSFORD DRIVE 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 CHELMSFORD DRIVE sales from January 1997 and December 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 January 1997 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the December 2016 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 7 CHELMSFORD DRIVE?

7 CHELMSFORD DRIVE is 57m² according to the EPC inspection conducted in August 2016. 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 CHELMSFORD DRIVE lies on this distribution: 3% of detached houses are smaller than 7 CHELMSFORD DRIVE, and 97% of houses are larger. Note that EPC data is not available for all properties in Grantham.

7 CHELMSFORD DRIVE: Plot and Title Map

7 CHELMSFORD DRIVE sits on a plot of roughly 0.097 of an acre, or 393m². The below map shows the location of 7 CHELMSFORD DRIVE, 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 CHELMSFORD DRIVE). 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 CHELMSFORD DRIVE?

7 CHELMSFORD DRIVE is located in GRANTHAM, in the NG31 postcode district. The below map shows the position of No. 7 on CHELMSFORD DRIVE.