MILLACRE, ELMS VIEW, GREAT GONERBY, GRANTHAM, NG31 8LR - £387,500

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.

MILLACRE is a very large detached house of 183m², built sometime between 1983 and 1990, which could now be worth an estimated £436,404. It was last sold for £387,500 in March 2021, which was around 20% above the average March 2021 detached price in the South Kesteven local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was C.

MILLACRE Sold Prices

Land registry data shows two sales for MILLACRE 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 MILLACRE sales were for above 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
2021 12 MAR	£387,500	£323,795	20% above HPI
2006 17 FEB	£290,000	£209,407	38% above HPI

MILLACRE 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 MILLACRE sales from February 2006 and March 2021 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 February 2006 sale was for 38% above the HPI. So the extrapolation line tracks at 38% above the HPI over time, until the March 2021 sale, where it falls to 20% above the HPI. The line then continues to track at 20% above the HPI.

What might MILLACRE be worth now?

MILLACRE might now be worth an estimated £436,404.

This is based on house price inflation of 12.6%, between March 2021 and February 2025, 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 12.6% inflationary increase is applied to the most recent sale price for MILLACRE of £387,500 on 12th March 2021. For the value to have increased from £387,500 to £436,404 over the four years and one month to February 2025, the following assumptions must hold true:

• The value of MILLACRE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The March 2021 sale price of £387,500 represented a fair market value for the property.
• The size, condition, and specification of MILLACRE has not materially changed since March 2021.

How Large is MILLACRE?

MILLACRE is 183m² according to the EPC inspection conducted in July 2020. This puts it in the largest 20% of detached houses houses in Great Gonerby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Great Gonerby, and where MILLACRE lies on this distribution: 86% of detached houses houses are smaller than MILLACRE, and 14% of houses are larger. Note that EPC data is not available for all properties in Great Gonerby.

MILLACRE: Plot and Title Map

MILLACRE sits on a plot of roughly 0.181 of an acre, or 734m². The below map shows the location of MILLACRE, 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 MILLACRE). 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 MILLACRE?

MILLACRE is located on ELMS VIEW in GREAT GONERBY, in the NG31 postcode district. The below map shows the position of MILLACRE on ELMS VIEW.