8, BLACKBURN CLOSE, GRANTHAM, NG31 8RY - £195,000

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

8 BLACKBURN CLOSE is a very small detached house of 71m², built sometime between 1983 and 1990, which could now be worth an estimated £243,884. It was last sold for £195,000 in May 2019, which was around 34% below the average May 2019 detached price in the South Kesteven local authority area. The most recent EPC inspection was July 2015, where the current energy rating was D, and the potential energy rating was B.

8 BLACKBURN CLOSE Sold Prices

Land registry data shows four sales for 8 BLACKBURN CLOSE 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 8 BLACKBURN 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
2019 10 MAY	£195,000	£294,507	34% below HPI
2014 27 OCT	£166,000	£233,607	29% below HPI
2000 1 NOV	£78,000	£109,714	29% below HPI
1998 5 MAR	£59,995	£79,788	25% below HPI

8 BLACKBURN 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 four 8 BLACKBURN CLOSE sales between March 1998 and May 2019 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 October 2014 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the May 2019 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 8 BLACKBURN CLOSE be worth now?

8 BLACKBURN CLOSE might now be worth an estimated £243,884.

This is based on house price inflation of 25.1%, between May 2019 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 25.1% inflationary increase is applied to the most recent sale price for 8 BLACKBURN CLOSE of £195,000 on 10th May 2019. For the value to have increased from £195,000 to £243,884 over the four years and five months to December 2024, the following assumptions must hold true:

• The value of 8 BLACKBURN CLOSE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The May 2019 sale price of £195,000 represented a fair market value for the property.
• The size, condition, and specification of 8 BLACKBURN CLOSE has not materially changed since May 2019.

How Large is 8 BLACKBURN CLOSE?

8 BLACKBURN CLOSE is 71m² according to the EPC inspection conducted in July 2015. This puts it in the smallest 20% 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 8 BLACKBURN CLOSE lies on this distribution: 10% of detached houses houses are smaller than 8 BLACKBURN CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Grantham.

8 BLACKBURN CLOSE: Plot and Title Map

8 BLACKBURN CLOSE sits on a plot of roughly 0.087 of an acre, or 354m². The below map shows the location of 8 BLACKBURN 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 8 BLACKBURN 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 8 BLACKBURN CLOSE?

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