8, PASTURE CLOSE, GRANTHAM, NG31 7HW - £178,000

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 PASTURE CLOSE is a very small detached house of 80m², built sometime between 1967 and 1975. It was last sold for £178,000 in April 2016, which was around 31% below the average April 2016 detached price in the South Kesteven local authority area. The most recent EPC inspection was March 2015, where the current energy rating was C, and the potential energy rating was B.

8 PASTURE CLOSE Sold Prices

Land registry data shows two sales for 8 PASTURE CLOSE 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 PASTURE 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
2016 1 APR	£178,000	£256,568	31% below HPI
2008 23 MAY	£162,500	£242,299	33% below HPI

8 PASTURE 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 two 8 PASTURE CLOSE sales from May 2008 and April 2016 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 May 2008 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the April 2016 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 8 PASTURE CLOSE?

8 PASTURE CLOSE is 80m² according to the EPC inspection conducted in March 2015. This puts it in the smallest 20% 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 PASTURE CLOSE lies on this distribution: 18% of detached houses are smaller than 8 PASTURE CLOSE, and 82% of houses are larger. Note that EPC data is not available for all properties in Grantham.

8 PASTURE CLOSE: Plot and Title Map

8 PASTURE CLOSE sits on a plot of roughly 0.171 of an acre, or 693m². The below map shows the location of 8 PASTURE 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 PASTURE 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 PASTURE CLOSE?

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