7A, WESTMINSTER WAY, GRANTHAM, NG31 8PQ - £250,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

7A WESTMINSTER WAY is a very large detached house of 194m², built sometime between 1991 and 1995. It was last sold for £250,000 in October 2012, which was around 16% above the average October 2012 detached price in the South Kesteven local authority area. The most recent EPC inspection was April 2012, where the current energy rating was D, and the potential energy rating was C.

7A WESTMINSTER WAY Sold Prices

Land registry data shows two sales for 7A WESTMINSTER WAY 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 7A WESTMINSTER WAY 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
2012 31 OCT	£250,000	£214,632	16% above HPI
1998 30 APR	£138,950	£80,605	72% above HPI

7A WESTMINSTER WAY 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 7A WESTMINSTER WAY sales from April 1998 and October 2012 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 April 1998 sale was for 72% above the HPI. So the extrapolation line tracks at 72% above the HPI over time, until the October 2012 sale, where it falls to 16% above the HPI. The line then continues to track at 16% above the HPI.

What might 7A WESTMINSTER WAY be worth now?

7A WESTMINSTER WAY might now be worth an estimated £429,032.

This is based on house price inflation of 71.6%, between October 2012 and December 2024, for detached houses, in the South Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 71.6% inflationary increase is applied to the most recent sale price for 7A WESTMINSTER WAY of £250,000 on 31st October 2012. For the value to have increased from £250,000 to £429,032 over the eleven years and ten months to December 2024, the following assumptions must hold true:

• The value of 7A WESTMINSTER WAY has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The October 2012 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 7A WESTMINSTER WAY has not materially changed since October 2012.

How Large is 7A WESTMINSTER WAY?

7A WESTMINSTER WAY is 194m² according to the EPC inspection conducted in April 2012. This puts it in the largest 10% of detached houses houses in Grantham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Grantham, and where 7A WESTMINSTER WAY lies on this distribution: 94% of detached houses houses are smaller than 7A WESTMINSTER WAY, and 6% of houses are larger. Note that EPC data is not available for all properties in Grantham.

7A WESTMINSTER WAY: Plot and Title Map

7A WESTMINSTER WAY sits on a plot of roughly 0.264 of an acre, or 1,068m². The below map shows the location of 7A WESTMINSTER WAY, 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 7A WESTMINSTER WAY). 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 7A WESTMINSTER WAY?

7A WESTMINSTER WAY is located in GRANTHAM, in the NG31 postcode district. The below map shows the position of No. 7A on WESTMINSTER WAY.