8, WAKEFIELD CLOSE, GRANTHAM, NG31 8RT - £215,000

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 WAKEFIELD CLOSE is a very small extended detached house of 82m², built sometime between 1983 and 1990. It was last sold for £215,000 in January 2022, which was around 39% below the average January 2022 detached price in the South Kesteven local authority area. The most recent EPC inspection was September 2021, where the current energy rating was D, and the potential energy rating was C.

8 WAKEFIELD CLOSE Sold Prices

Land registry data shows six sales for 8 WAKEFIELD CLOSE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. All of the six 8 WAKEFIELD 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
2022 28 JAN	£215,000	£350,189	39% below HPI
2015 15 MAY	£154,950	£239,807	35% below HPI
2007 8 JAN	£137,500	£229,576	40% below HPI
2004 26 FEB	£129,000	£187,515	31% below HPI
1999 27 AUG	£56,000	£93,654	40% below HPI
1999 30 JUL	£54,000	£90,942	41% below HPI

8 WAKEFIELD 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 six 8 WAKEFIELD CLOSE sales between July 1999 and January 2022 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 2015 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the January 2022 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

How Large is 8 WAKEFIELD CLOSE?

8 WAKEFIELD CLOSE is 82m², which includes one extension, according to the EPC inspection conducted in September 2021. 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 WAKEFIELD CLOSE lies on this distribution: 20% of detached houses are smaller than 8 WAKEFIELD CLOSE, and 80% of houses are larger. Note that EPC data is not available for all properties in Grantham.

8 WAKEFIELD CLOSE: Plot and Title Map

8 WAKEFIELD CLOSE sits on a plot of roughly 0.045 of an acre, or 182m². The below map shows the location of 8 WAKEFIELD 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 WAKEFIELD 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 WAKEFIELD CLOSE?

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