9, THE LEAS, BARKSTON, GRANTHAM, NG32 2PD - £175,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

9 THE LEAS is a very small extended detached house of 93m², built sometime between 1976 and 1982, which could now be worth an estimated £295,809. It was last sold for £175,000 in January 2012, which was around 20% below the average January 2012 detached price in the South Kesteven local authority area. The most recent EPC inspection was May 2011, where the current energy rating was D, and the potential energy rating was D.

9 THE LEAS Sold Prices

Land registry data shows two sales for 9 THE LEAS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. Both of the two 9 THE LEAS 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
2012 5 JAN	£175,000	£217,907	20% below HPI
2009 21 AUG	£145,000	£198,597	27% below HPI

9 THE LEAS 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 two 9 THE LEAS sales from August 2009 and January 2012 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 2009 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the January 2012 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 9 THE LEAS be worth now?

9 THE LEAS might now be worth an estimated £295,809.

This is based on house price inflation of 69%, between January 2012 and December 2024, 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 69% inflationary increase is applied to the most recent sale price for 9 THE LEAS of £175,000 on 5th January 2012. For the value to have increased from £175,000 to £295,809 over the eleven years and one month to December 2024, the following assumptions must hold true:

• The value of 9 THE LEAS has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The January 2012 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 9 THE LEAS has not materially changed since January 2012.

How Large is 9 THE LEAS?

9 THE LEAS is 93m², which includes one extension, according to the EPC inspection conducted in May 2011. This puts it in the smallest 20% of detached houses houses in Barkston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Barkston, and where 9 THE LEAS lies on this distribution: 17% of detached houses houses are smaller than 9 THE LEAS, and 83% of houses are larger. Note that EPC data is not available for all properties in Barkston.

9 THE LEAS: Plot and Title Map

9 THE LEAS sits on a plot of roughly 0.116 of an acre, or 468m². The below map shows the location of 9 THE LEAS, 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 9 THE LEAS). 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 9 THE LEAS?

9 THE LEAS is located in BARKSTON, in the NG32 postcode district. The below map shows the position of No. 9 on THE LEAS.