CLOSEFIELDS, BACK LANE, CAYTHORPE, GRANTHAM, NG32 3EE - £218,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

CLOSEFIELDS is a small extended detached house of 120m², built sometime between 1967 and 1975. It was last sold for £218,000 in June 2011, which was around 1% above the average June 2011 detached price in the South Kesteven local authority area. The most recent EPC inspection was July 2009, where the current energy rating was E, and the potential energy rating was D.

CLOSEFIELDS Sold Prices

Land registry data shows three sales for CLOSEFIELDS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. Two of the three CLOSEFIELDS sales were for above the average price, whilst one was 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
2011 6 JUN	£218,000	£215,370	1% above HPI
2007 31 OCT	£269,950	£247,133	9% above HPI
2002 8 NOV	£145,000	£163,069	11% below HPI

CLOSEFIELDS 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 three CLOSEFIELDS sales between November 2002 and June 2011 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 October 2007 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the June 2011 sale, where it falls to 1% above the HPI. The line then continues to track at 1% above the HPI.

How Large is CLOSEFIELDS?

CLOSEFIELDS is 120m², which includes one extension, according to the EPC inspection conducted in July 2009. This puts it in the smallest 40% of detached houses in Caythorpe, based on EPC data. The below chart shows the distribution of detached houses by size in Caythorpe, and where CLOSEFIELDS lies on this distribution: 36% of detached houses are smaller than CLOSEFIELDS, and 64% of houses are larger. Note that EPC data is not available for all properties in Caythorpe.

CLOSEFIELDS: Plot and Title Map

CLOSEFIELDS sits on a plot of roughly 0.162 of an acre, or 656m². The below map shows the location of CLOSEFIELDS, 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 CLOSEFIELDS). 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 CLOSEFIELDS?

CLOSEFIELDS is located on BACK LANE in CAYTHORPE, in the NG32 postcode district. The below map shows the position of CLOSEFIELDS on BACK LANE.