7, MALVERN DRIVE, GONERBY HILL FOOT, GRANTHAM, NG31 8GA - £355,000

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

7 MALVERN DRIVE is a midsized extended detached house of 110m², built sometime between 1996 and 2002. It was last sold for £355,000 in July 2022, which was around 4% below the average July 2022 detached price in the South Kesteven local authority area. The most recent EPC inspection was December 2021, where the current energy rating was C, and the potential energy rating was B.

7 MALVERN DRIVE Sold Prices

Land registry data shows two sales for 7 MALVERN 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 MALVERN 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
2022 8 JUL	£355,000	£371,248	4% below HPI
2003 15 DEC	£175,000	£186,329	6% below HPI

7 MALVERN 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 MALVERN DRIVE sales from December 2003 and July 2022 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 2003 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the July 2022 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is 7 MALVERN DRIVE?

7 MALVERN DRIVE is 110m², which includes one extension, according to the EPC inspection conducted in December 2021. This puts it in the smallest 50% 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 MALVERN DRIVE lies on this distribution: 48% of detached houses are smaller than 7 MALVERN DRIVE, and 52% of houses are larger. Note that EPC data is not available for all properties in Grantham.

7 MALVERN DRIVE: Plot and Title Map

7 MALVERN DRIVE sits on a plot of roughly 0.090 of an acre, or 366m². The below map shows the location of 7 MALVERN 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 MALVERN 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 MALVERN DRIVE?

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