LOCHRANZA, BRIDGE STREET, MARSTON, GRANTHAM, NG32 2HL - £241,500

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

LOCHRANZA is a very small extended detached house of 113m², built sometime between 1983 and 1990. It was last sold for £241,500 in July 2023, which was around 35% below the average July 2023 detached price in the South Kesteven local authority area. The most recent EPC inspection was September 2021, where the current energy rating was D, and the potential energy rating was C.

LOCHRANZA Sold Prices

Land registry data shows two sales for LOCHRANZA 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 LOCHRANZA 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 14 JUL	£241,500	£371,493	35% below HPI
2010 30 APR	£183,500	£208,027	12% below HPI

LOCHRANZA 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 LOCHRANZA sales from April 2010 and July 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 April 2010 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the July 2023 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is LOCHRANZA?

LOCHRANZA is 113m², which includes one extension, according to the EPC inspection conducted in September 2021. This puts it in the smallest 20% of detached houses in Marston, based on EPC data. The below chart shows the distribution of detached houses by size in Marston, and where LOCHRANZA lies on this distribution: 14% of detached houses are smaller than LOCHRANZA, and 86% of houses are larger. Note that EPC data is not available for all properties in Marston.

LOCHRANZA: Plot and Title Map

LOCHRANZA sits on a plot of roughly 0.141 of an acre, or 569m². The below map shows the location of LOCHRANZA, 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 LOCHRANZA). 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 LOCHRANZA?

LOCHRANZA is located on BRIDGE STREET in MARSTON, in the NG32 postcode district. The below map shows the position of LOCHRANZA on BRIDGE STREET.