8, LINCOLN CLOSE, GRANTHAM, NG31 8RQ - £253,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

8 LINCOLN CLOSE is a large extended detached house of 130m², built sometime between 1976 and 1982, which could now be worth an estimated £339,654. It was last sold for £253,000 in May 2017, which was around 7% below the average May 2017 detached price in the South Kesteven local authority area. The most recent EPC inspection was February 2017, where the current energy rating was C, and the potential energy rating was B.

8 LINCOLN CLOSE Sold Prices

Land registry data shows three sales for 8 LINCOLN CLOSE 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 LINCOLN 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 19 MAY	£253,000	£271,626	7% below HPI
1999 27 AUG	£64,500	£92,112	30% below HPI
1996 29 NOV	£59,000	£72,571	19% below HPI

8 LINCOLN 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 three 8 LINCOLN CLOSE sales between November 1996 and May 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 August 1999 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the May 2017 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 8 LINCOLN CLOSE be worth now?

8 LINCOLN CLOSE might now be worth an estimated £339,654.

This is based on house price inflation of 34.3%, between May 2017 and February 2025, 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 34.3% inflationary increase is applied to the most recent sale price for 8 LINCOLN CLOSE of £253,000 on 19th May 2017. For the value to have increased from £253,000 to £339,654 over the eight years and three months to February 2025, the following assumptions must hold true:

• The value of 8 LINCOLN CLOSE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The May 2017 sale price of £253,000 represented a fair market value for the property.
• The size, condition, and specification of 8 LINCOLN CLOSE has not materially changed since May 2017.

How Large is 8 LINCOLN CLOSE?

8 LINCOLN CLOSE is 130m², which includes four extensions, according to the EPC inspection conducted in February 2017. This puts it in the largest 40% 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 LINCOLN CLOSE lies on this distribution: 69% of detached houses houses are smaller than 8 LINCOLN CLOSE, and 30% of houses are larger. Note that EPC data is not available for all properties in Grantham.

8 LINCOLN CLOSE: Plot and Title Map

8 LINCOLN CLOSE sits on a plot of roughly 0.096 of an acre, or 390m². The below map shows the location of 8 LINCOLN 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 LINCOLN 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 LINCOLN CLOSE?

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