FERNDEAN, GORSE RISE, GRANTHAM, NG31 9BS - £273,000

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

FERNDEAN is a very small detached house of 73m², built sometime between 1967 and 1975. It was last sold for £273,000 in April 2023, which was around 26% below the average April 2023 detached price in the South Kesteven local authority area. The most recent EPC inspection was January 2020, where the current energy rating was D, and the potential energy rating was B.

FERNDEAN Sold Prices

Land registry data shows four sales for FERNDEAN 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 FERNDEAN 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
2023 19 APR	£273,000	£370,293	26% below HPI
2005 20 DEC	£177,500	£211,327	16% below HPI
1997 14 NOV	£68,000	£82,892	18% below HPI
1996 18 OCT	£52,000	£73,539	29% below HPI

FERNDEAN 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 FERNDEAN sales between October 1996 and April 2023 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 December 2005 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the April 2023 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is FERNDEAN?

FERNDEAN is 73m² according to the EPC inspection conducted in January 2020. 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 FERNDEAN lies on this distribution: 12% of detached houses are smaller than FERNDEAN, and 88% of houses are larger. Note that EPC data is not available for all properties in Grantham.

FERNDEAN: Plot and Title Map

FERNDEAN sits on a plot of roughly 0.137 of an acre, or 553m². The below map shows the location of FERNDEAN, 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 FERNDEAN). 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 FERNDEAN?

FERNDEAN is located on GORSE RISE in GRANTHAM, in the NG31 postcode district. The below map shows the position of FERNDEAN on GORSE RISE.