8, LICHFIELD CLOSE, GRANTHAM, NG31 8RS - £155,000

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

8 LICHFIELD CLOSE is a very small detached house of 49m², built sometime between 1983 and 1990. It was last sold for £155,000 in March 2017, which was around 44% below the average March 2017 detached price in the South Kesteven local authority area. The most recent EPC inspection was March 2011, where the current energy rating was D, and the potential energy rating was C.

8 LICHFIELD CLOSE Sold Prices

Land registry data shows five sales for 8 LICHFIELD 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 8 LICHFIELD 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
2017 13 MAR	£155,000	£275,269	44% below HPI
2014 16 JUL	£149,995	£226,163	34% below HPI
2008 3 OCT	£125,500	£224,257	44% below HPI
2007 7 SEP	£149,333	£247,620	40% below HPI
1997 23 APR	£52,500	£75,512	30% below HPI

8 LICHFIELD 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 8 LICHFIELD CLOSE sales between April 1997 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 July 2014 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the March 2017 sale, where it falls to 44% below the HPI. The line then continues to track at 44% below the HPI.

How Large is 8 LICHFIELD CLOSE?

8 LICHFIELD CLOSE is 49m² according to the EPC inspection conducted in March 2011. This puts it in the smallest 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 8 LICHFIELD CLOSE lies on this distribution: 1% of detached houses are smaller than 8 LICHFIELD CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Grantham.

8 LICHFIELD CLOSE: Plot and Title Map

8 LICHFIELD CLOSE sits on a plot of roughly 0.104 of an acre, or 419m². The below map shows the location of 8 LICHFIELD 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 LICHFIELD 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 LICHFIELD CLOSE?

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