MAY LODGE, SCHOOL LANE, WILSFORD, GRANTHAM, NG32 3PD - £420,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

MAY LODGE is a very large extended detached house of 221m², built sometime between 1996 and 2002, which could now be worth an estimated £547,481. It was last sold for £420,000 in August 2017, which was around 81% above the average August 2017 detached price in the North Kesteven local authority area. The most recent EPC inspection was February 2014, where the current energy rating was C, and the potential energy rating was C.

MAY LODGE Sold Prices

Land registry data shows two sales for MAY LODGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. One of the two MAY LODGE sales was for above the average price, whilst the other 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
2017 21 AUG	£420,000	£232,254	81% above HPI
1996 18 JAN	£11,500	£58,611	80% below HPI

MAY LODGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Kesteven local authority area over time, sourced from the HPI. The two MAY LODGE sales from January 1996 and August 2017 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 January 1996 sale was for 80% below the HPI. So the extrapolation line tracks at 80% below the HPI over time, until the August 2017 sale, where it rises to 81% above the HPI. The line then continues to track at 81% above the HPI.

What might MAY LODGE be worth now?

MAY LODGE might now be worth an estimated £547,481.

This is based on house price inflation of 30.4%, between August 2017 and February 2025, for detached houses, in the North Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 30.4% inflationary increase is applied to the most recent sale price for MAY LODGE of £420,000 on 21st August 2017. For the value to have increased from £420,000 to £547,481 over the eight years and six months to February 2025, the following assumptions must hold true:

• The value of MAY LODGE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The August 2017 sale price of £420,000 represented a fair market value for the property.
• The size, condition, and specification of MAY LODGE has not materially changed since August 2017.

How Large is MAY LODGE?

MAY LODGE is 221m², which includes one extension, according to the EPC inspection conducted in February 2014. This puts it in the largest 20% of detached houses houses in Wilsford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wilsford, and where MAY LODGE lies on this distribution: 81% of detached houses houses are smaller than MAY LODGE, and 19% of houses are larger. Note that EPC data is not available for all properties in Wilsford.

MAY LODGE: Plot and Title Map

MAY LODGE sits on a plot of roughly 0.236 of an acre, or 954m². The below map shows the location of MAY LODGE, 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 MAY LODGE). 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 MAY LODGE?

MAY LODGE is located on SCHOOL LANE in WILSFORD, in the NG32 postcode district. The below map shows the position of MAY LODGE on SCHOOL LANE.