8A, DURHAM CLOSE, GRANTHAM, NG31 8RL - £180,000

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.

8A DURHAM CLOSE is a very small semi-detached house of 69m², built sometime between 1991 and 1995, which could now be worth an estimated £206,504. It was last sold for £180,000 in September 2021, which was around 13% below the average September 2021 semi-detached price in the South Kesteven local authority area. The most recent EPC inspection was November 2019, where the current energy rating was D, and the potential energy rating was B.

8A DURHAM CLOSE Sold Prices

Land registry data shows five sales for 8A DURHAM CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average semi-detached price in the South Kesteven local authority area for the corresponding sale date. All of the five 8A DURHAM 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
2021 30 SEP	£180,000	£205,934	13% below HPI
2006 28 SEP	£124,000	£149,477	17% below HPI
2003 7 AUG	£91,250	£109,282	17% below HPI
1997 27 MAR	£39,950	£44,910	11% below HPI
1995 12 MAY	£19,000	£42,352	55% below HPI

8A DURHAM 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 five 8A DURHAM CLOSE sales between May 1995 and September 2021 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 September 2006 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the September 2021 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 8A DURHAM CLOSE be worth now?

8A DURHAM CLOSE might now be worth an estimated £206,504.

This is based on house price inflation of 14.7%, between September 2021 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 14.7% inflationary increase is applied to the most recent sale price for 8A DURHAM CLOSE of £180,000 on 30th September 2021. For the value to have increased from £180,000 to £206,504 over the four years and seven months to February 2025, the following assumptions must hold true:

• The value of 8A DURHAM CLOSE has moved in line with the HPI for semi-detached houses in the South Kesteven local authority area.
• The September 2021 sale price of £180,000 represented a fair market value for the property.
• The size, condition, and specification of 8A DURHAM CLOSE has not materially changed since September 2021.

How Large is 8A DURHAM CLOSE?

8A DURHAM CLOSE is 69m² according to the EPC inspection conducted in November 2019. This puts it in the smallest 10% 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 8A DURHAM CLOSE lies on this distribution: 9% of semi-detached houses houses are smaller than 8A DURHAM CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Grantham.

8A DURHAM CLOSE: Plot and Title Map

8A DURHAM CLOSE sits on a plot of roughly 0.054 of an acre, or 217m². The below map shows the location of 8A DURHAM 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 8A DURHAM 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 8A DURHAM CLOSE?

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