8, SHORWELL CLOSE, GRANTHAM, NG31 7LL - £63,500

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 SHORWELL CLOSE is a very small extended semi-detached house of 82m², built sometime between 1967 and 1975, which could now be worth an estimated £199,948. It was last sold for £63,500 in January 2002, which was around 15% below the average January 2002 semi-detached price in the South Kesteven local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was B.

8 SHORWELL CLOSE Sold Prices

Land registry data shows two sales for 8 SHORWELL CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the South Kesteven local authority area for the corresponding sale date. Both of the two 8 SHORWELL 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
2002 18 JAN	£63,500	£75,031	15% below HPI
1997 24 JUL	£42,500	£46,559	9% below HPI

8 SHORWELL CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the South Kesteven local authority area over time, sourced from the HPI. The two 8 SHORWELL CLOSE sales from July 1997 and January 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 1997 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the January 2002 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 8 SHORWELL CLOSE be worth now?

8 SHORWELL CLOSE might now be worth an estimated £199,948.

This is based on house price inflation of 214.9%, between January 2002 and February 2025, for semi-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 214.9% inflationary increase is applied to the most recent sale price for 8 SHORWELL CLOSE of £63,500 on 18th January 2002. For the value to have increased from £63,500 to £199,948 over the 22 years and eleven months to February 2025, the following assumptions must hold true:

• The value of 8 SHORWELL CLOSE has moved in line with the HPI for semi-detached houses in the South Kesteven local authority area.
• The January 2002 sale price of £63,500 represented a fair market value for the property.
• The size, condition, and specification of 8 SHORWELL CLOSE has not materially changed since January 2002.

How Large is 8 SHORWELL CLOSE?

8 SHORWELL CLOSE is 82m², which includes one extension, according to the EPC inspection conducted in October 2013. This puts it in the smallest 20% of semi-detached houses houses in Grantham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Grantham, and where 8 SHORWELL CLOSE lies on this distribution: 20% of semi-detached houses houses are smaller than 8 SHORWELL CLOSE, and 80% of houses are larger. Note that EPC data is not available for all properties in Grantham.

8 SHORWELL CLOSE: Plot and Title Map

8 SHORWELL CLOSE sits on a plot of roughly 0.065 of an acre, or 265m². The below map shows the location of 8 SHORWELL 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 SHORWELL 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 SHORWELL CLOSE?

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