8, MALIM WAY, GONERBY HILL FOOT, GRANTHAM, NG31 8QF - £120,000

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 MALIM WAY is a midsized extended detached house of 119m², built sometime between 1976 and 1982. It was last sold for £120,000 in July 2002, which was around 17% below the average July 2002 detached price in the South Kesteven local authority area. The most recent EPC inspection was November 2013, where the current energy rating was E, and the potential energy rating was B.

8 MALIM WAY Sold Prices

Land registry data shows two sales for 8 MALIM 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. Both of the two 8 MALIM WAY 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
2002 12 JUL	£120,000	£145,333	17% below HPI
2000 21 JUL	£92,500	£108,268	15% below HPI

8 MALIM 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 MALIM WAY sales from July 2000 and July 2002 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 2000 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the July 2002 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 8 MALIM WAY?

8 MALIM WAY is 119m², which includes three extensions, according to the EPC inspection conducted in November 2013. This puts it in the largest 50% 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 MALIM WAY lies on this distribution: 59% of detached houses are smaller than 8 MALIM WAY, and 40% of houses are larger. Note that EPC data is not available for all properties in Grantham.

8 MALIM WAY: Plot and Title Map

8 MALIM WAY sits on a plot of roughly 0.111 of an acre, or 449m². The below map shows the location of 8 MALIM 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 MALIM 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 MALIM WAY?

8 MALIM WAY is located in GONERBY HILL FOOT, in the NG31 postcode district. The below map shows the position of No. 8 on MALIM WAY.