7, WAKEFIELD CLOSE, GRANTHAM, NG31 8RT - £248,000

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 WAKEFIELD CLOSE is a very small extended detached house of 74m², built sometime between 1983 and 1990. It was last sold for £248,000 in March 2024, which was around 33% below the average March 2024 detached price in the South Kesteven local authority area. The most recent EPC inspection was November 2023, where the current energy rating was C, and the potential energy rating was B.

7 WAKEFIELD CLOSE Sold Prices

Land registry data shows five sales for 7 WAKEFIELD CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. All of the five 7 WAKEFIELD 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
2024 22 MAR	£248,000	£372,094	33% below HPI
2021 16 AUG	£196,000	£327,986	40% below HPI
2006 28 JUN	£156,000	£220,527	29% below HPI
2004 16 APR	£138,000	£190,867	28% below HPI
1999 18 JUN	£58,000	£89,635	35% below HPI

7 WAKEFIELD 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 five 7 WAKEFIELD CLOSE sales between June 1999 and March 2024 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 August 2021 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the March 2024 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 7 WAKEFIELD CLOSE?

7 WAKEFIELD CLOSE is 74m², which includes one extension, according to the EPC inspection conducted in November 2023. This puts it in the smallest 20% 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 WAKEFIELD CLOSE lies on this distribution: 12% of detached houses are smaller than 7 WAKEFIELD CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Grantham.

7 WAKEFIELD CLOSE: Plot and Title Map

7 WAKEFIELD CLOSE sits on a plot of roughly 0.054 of an acre, or 218m². The below map shows the location of 7 WAKEFIELD 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 WAKEFIELD 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 WAKEFIELD CLOSE?

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