8, VALE ROAD, GONERBY HILL FOOT, GRANTHAM, NG31 8HR - £149,000

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 VALE ROAD is a very small detached house of 81m², built sometime between 1976 and 1982, which could now be worth an estimated £296,485. It was last sold for £149,000 in December 2003, which was around 19% below the average December 2003 detached price in the South Kesteven local authority area. The most recent EPC inspection was June 2013, where the current energy rating was D, and the potential energy rating was B.

8 VALE ROAD Sold Prices

Land registry data shows four sales for 8 VALE ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. All of the four 8 VALE ROAD 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
2003 12 DEC	£149,000	£183,261	19% below HPI
2001 14 AUG	£88,000	£120,857	27% below HPI
1998 31 JUL	£61,995	£82,462	25% below HPI
1995 24 FEB	£48,000	£68,245	30% below HPI

8 VALE ROAD 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 four 8 VALE ROAD sales between February 1995 and December 2003 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 August 2001 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the December 2003 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 8 VALE ROAD be worth now?

8 VALE ROAD might now be worth an estimated £296,485.

This is based on house price inflation of 99%, between December 2003 and February 2025, 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 99% inflationary increase is applied to the most recent sale price for 8 VALE ROAD of £149,000 on 12th December 2003. For the value to have increased from £149,000 to £296,485 over the 22 years and ten months to February 2025, the following assumptions must hold true:

• The value of 8 VALE ROAD has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The December 2003 sale price of £149,000 represented a fair market value for the property.
• The size, condition, and specification of 8 VALE ROAD has not materially changed since December 2003.

How Large is 8 VALE ROAD?

8 VALE ROAD is 81m² according to the EPC inspection conducted in June 2013. This puts it in the smallest 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 VALE ROAD lies on this distribution: 19% of detached houses houses are smaller than 8 VALE ROAD, and 81% of houses are larger. Note that EPC data is not available for all properties in Grantham.

8 VALE ROAD: Plot and Title Map

8 VALE ROAD sits on a plot of roughly 0.077 of an acre, or 313m². The below map shows the location of 8 VALE ROAD, 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 VALE ROAD). 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 VALE ROAD?

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