8, LODGE WAY, GRANTHAM, NG31 8DD - £180,000

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 LODGE WAY is a very large extended detached house of 151m², built sometime between 1967 and 1975, which could now be worth an estimated £314,146. It was last sold for £180,000 in April 2012, which was around 15% below the average April 2012 detached price in the South Kesteven local authority area. The most recent EPC inspection was November 2018, where the current energy rating was D, and the potential energy rating was C.

8 LODGE WAY Sold Prices

Land registry data shows two sales for 8 LODGE 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. One of the two 8 LODGE WAY sales was for below the average price, whilst the other was 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 30 APR	£180,000	£211,050	15% below HPI
2009 1 APR	£225,000	£201,068	12% above HPI

8 LODGE 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 8 LODGE WAY sales from April 2009 and April 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 2009 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the April 2012 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 8 LODGE WAY be worth now?

8 LODGE WAY might now be worth an estimated £314,146.

This is based on house price inflation of 74.5%, between April 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 74.5% inflationary increase is applied to the most recent sale price for 8 LODGE WAY of £180,000 on 30th April 2012. For the value to have increased from £180,000 to £314,146 over the eleven years and four months to December 2024, the following assumptions must hold true:

• The value of 8 LODGE WAY has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The April 2012 sale price of £180,000 represented a fair market value for the property.
• The size, condition, and specification of 8 LODGE WAY has not materially changed since April 2012.

How Large is 8 LODGE WAY?

8 LODGE WAY is 151m², which includes one extension, according to the EPC inspection conducted in November 2018. This puts it in the largest 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 LODGE WAY lies on this distribution: 82% of detached houses houses are smaller than 8 LODGE WAY, and 18% of houses are larger. Note that EPC data is not available for all properties in Grantham.

8 LODGE WAY: Plot and Title Map

8 LODGE WAY sits on a plot of roughly 0.119 of an acre, or 480m². The below map shows the location of 8 LODGE 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 8 LODGE 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 8 LODGE WAY?

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