9, WAKEFIELD CLOSE, GRANTHAM, NG31 8RT - £249,000

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 WAKEFIELD CLOSE is a very small detached house of 73m², built sometime between 1983 and 1990. It was last sold for £249,000 in November 2024, which was around 33% below the average November 2024 detached price in the South Kesteven local authority area. The most recent EPC inspection was June 2024, where the current energy rating was D, and the potential energy rating was B.

9 WAKEFIELD CLOSE Sold Prices

Land registry data shows four sales for 9 WAKEFIELD CLOSE 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 9 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
2024 13 NOV	£249,000	£369,341	33% below HPI
2016 22 JUL	£167,500	£262,350	36% below HPI
2013 18 NOV	£140,000	£226,594	38% below HPI
2004 28 MAY	£127,320	£187,220	32% below HPI

9 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 four 9 WAKEFIELD CLOSE sales between May 2004 and November 2024 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 2016 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the November 2024 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might 9 WAKEFIELD CLOSE be worth now?

9 WAKEFIELD CLOSE might now be worth an estimated £248,322.

This is based on house price deflation of 0.3%, between November 2024 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 0.3% deflationary decrease is applied to the most recent sale price for 9 WAKEFIELD CLOSE of £249,000 on 13th November 2024. For the value to have decreased from £249,000 to £248,322 over the eleven months to December 2024, the following assumptions must hold true:

• The value of 9 WAKEFIELD CLOSE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The November 2024 sale price of £249,000 represented a fair market value for the property.
• The size, condition, and specification of 9 WAKEFIELD CLOSE has not materially changed since November 2024.

How Large is 9 WAKEFIELD CLOSE?

9 WAKEFIELD CLOSE is 73m² according to the EPC inspection conducted in June 2024. 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 9 WAKEFIELD CLOSE lies on this distribution: 12% of detached houses houses are smaller than 9 WAKEFIELD CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Grantham.

9 WAKEFIELD CLOSE: Plot and Title Map

9 WAKEFIELD CLOSE sits on a plot of roughly 0.056 of an acre, or 228m². The below map shows the location of 9 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 9 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 9 WAKEFIELD CLOSE?

9 WAKEFIELD CLOSE is located in GRANTHAM, in the NG31 postcode district. The below map shows the position of No. 9 on WAKEFIELD CLOSE.