7, RICHMOND DRIVE, GRANTHAM, NG31 8UD - £332,000

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 RICHMOND DRIVE is a very large extended detached house of 175m², built sometime between 2003 and 2006. It was last sold for £332,000 in July 2020, which was around 9% above the average July 2020 detached price in the South Kesteven local authority area. The most recent EPC inspection was October 2023, where the current energy rating was C, and the potential energy rating was B.

7 RICHMOND DRIVE Sold Prices

Land registry data shows four sales for 7 RICHMOND DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. All of the four 7 RICHMOND DRIVE sales were 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
2020 22 JUL	£332,000	£304,538	9% above HPI
2014 3 DEC	£249,950	£233,647	7% above HPI
2013 10 OCT	£245,000	£233,773	5% above HPI
2003 17 APR	£219,995	£168,989	30% above HPI

7 RICHMOND 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 four 7 RICHMOND DRIVE sales between April 2003 and July 2020 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 2014 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the July 2020 sale, where it rises to 9% above the HPI. The line then continues to track at 9% above the HPI.

How Large is 7 RICHMOND DRIVE?

7 RICHMOND DRIVE is 175m², which includes two extensions, according to the EPC inspection conducted in October 2023. This puts it in the largest 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 RICHMOND DRIVE lies on this distribution: 90% of detached houses are smaller than 7 RICHMOND DRIVE, and 9% of houses are larger. Note that EPC data is not available for all properties in Grantham.

7 RICHMOND DRIVE: Plot and Title Map

7 RICHMOND DRIVE sits on a plot of roughly 0.089 of an acre, or 362m². The below map shows the location of 7 RICHMOND 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 RICHMOND 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 RICHMOND DRIVE?

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