7, LILACWOOD DRIVE, GONERBY HILL FOOT, GRANTHAM, NG31 8GS - £305,000

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 LILACWOOD DRIVE is a large extended detached house of 139m², built sometime between 1983 and 1990. It was last sold for £305,000 in April 2021, which was around 7% below the average April 2021 detached price in the South Kesteven local authority area. The most recent EPC inspection was February 2020, where the current energy rating was D, and the potential energy rating was B.

7 LILACWOOD DRIVE Sold Prices

Land registry data shows two sales for 7 LILACWOOD 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. One of the two 7 LILACWOOD DRIVE sales was for below the average price, whilst the other was for above 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
2021 26 APR	£305,000	£327,868	7% below HPI
1997 12 DEC	£85,000	£83,390	2% above HPI

7 LILACWOOD 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 LILACWOOD DRIVE sales from December 1997 and April 2021 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 1997 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the April 2021 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 7 LILACWOOD DRIVE?

7 LILACWOOD DRIVE is 139m², which includes one extension, according to the EPC inspection conducted in February 2020. 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 7 LILACWOOD DRIVE lies on this distribution: 75% of detached houses are smaller than 7 LILACWOOD DRIVE, and 24% of houses are larger. Note that EPC data is not available for all properties in Grantham.

7 LILACWOOD DRIVE: Plot and Title Map

7 LILACWOOD DRIVE sits on a plot of roughly 0.112 of an acre, or 453m². The below map shows the location of 7 LILACWOOD 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 LILACWOOD 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 LILACWOOD DRIVE?

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