8, RICHMOND DRIVE, GRANTHAM, NG31 8UD - £293,000

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 RICHMOND DRIVE is a very large detached house of 182m², built sometime between 1996 and 2002. It was last sold for £293,000 in October 2013, which was around 25% above the average October 2013 detached price in the South Kesteven local authority area. The most recent EPC inspection was April 2013, where the current energy rating was C, and the potential energy rating was B.

8 RICHMOND DRIVE Sold Prices

Land registry data shows three sales for 8 RICHMOND DRIVE 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 RICHMOND DRIVE sales were 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
2013 15 OCT	£293,000	£233,773	25% above HPI
2008 7 MAY	£315,000	£242,299	30% above HPI
2002 27 SEP	£209,995	£151,364	39% above HPI

8 RICHMOND DRIVE 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 RICHMOND DRIVE sales between September 2002 and October 2013 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 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the October 2013 sale, where it falls to 25% above the HPI. The line then continues to track at 25% above the HPI.

How Large is 8 RICHMOND DRIVE?

8 RICHMOND DRIVE is 182m² according to the EPC inspection conducted in April 2013. This puts it in the largest 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 RICHMOND DRIVE lies on this distribution: 92% of detached houses are smaller than 8 RICHMOND DRIVE, and 8% of houses are larger. Note that EPC data is not available for all properties in Grantham.

8 RICHMOND DRIVE: Plot and Title Map

8 RICHMOND DRIVE sits on a plot of roughly 0.134 of an acre, or 542m². The below map shows the location of 8 RICHMOND DRIVE, 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 RICHMOND DRIVE). 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 RICHMOND DRIVE?

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