8, BALMORAL DRIVE, GRANTHAM, NG31 8SY - £315,000

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

8 BALMORAL DRIVE is a very large detached house of 150m², built sometime between 1996 and 2002. It was last sold for £315,000 in March 2017, which was around 14% above the average March 2017 detached price in the South Kesteven local authority area. The most recent EPC inspection was October 2016, where the current energy rating was C, and the potential energy rating was B.

8 BALMORAL DRIVE Sold Prices

Land registry data shows three sales for 8 BALMORAL DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. All of the three 8 BALMORAL 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
2017 28 MAR	£315,000	£275,269	14% above HPI
2006 17 NOV	£250,000	£232,043	8% above HPI
1998 18 DEC	£129,950	£88,487	47% above HPI

8 BALMORAL 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 three 8 BALMORAL DRIVE sales between December 1998 and March 2017 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 November 2006 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the March 2017 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

How Large is 8 BALMORAL DRIVE?

8 BALMORAL DRIVE is 150m² according to the EPC inspection conducted in October 2016. This puts it in the largest 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 8 BALMORAL DRIVE lies on this distribution: 81% of detached houses are smaller than 8 BALMORAL DRIVE, and 18% of houses are larger. Note that EPC data is not available for all properties in Grantham.

8 BALMORAL DRIVE: Plot and Title Map

8 BALMORAL DRIVE sits on a plot of roughly 0.119 of an acre, or 483m². The below map shows the location of 8 BALMORAL 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 8 BALMORAL 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 8 BALMORAL DRIVE?

8 BALMORAL DRIVE is located in GRANTHAM, in the NG31 postcode district. The below map shows the position of No. 8 on BALMORAL DRIVE.