NORFOLK VILLA, NEW ROW, GONERBY HILL FOOT, GRANTHAM, NG31 8HJ - £140,000

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

NORFOLK VILLA is a very small extended detached house of 69m², built sometime between 1967 and 1975. It was last sold for £140,000 in April 2011, which was around 35% below the average April 2011 detached price in the South Kesteven local authority area. The most recent EPC inspection was July 2010, where the current energy rating was D, and the potential energy rating was D.

NORFOLK VILLA Sold Prices

Land registry data shows two sales for NORFOLK VILLA 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 NORFOLK VILLA 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
2011 21 APR	£140,000	£214,963	35% below HPI
2000 14 DEC	£68,000	£112,060	39% below HPI

NORFOLK VILLA 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 NORFOLK VILLA sales from December 2000 and April 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 December 2000 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the April 2011 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is NORFOLK VILLA?

NORFOLK VILLA is 69m², which includes one extension, according to the EPC inspection conducted in July 2010. This puts it in the smallest 10% of detached houses in Grantham, based on EPC data. The below chart shows the distribution of detached houses by size in Grantham, and where NORFOLK VILLA lies on this distribution: 9% of detached houses are smaller than NORFOLK VILLA, and 91% of houses are larger. Note that EPC data is not available for all properties in Grantham.

NORFOLK VILLA: Plot and Title Map

NORFOLK VILLA sits on a plot of roughly 0.112 of an acre, or 452m². The below map shows the location of NORFOLK VILLA, 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 NORFOLK VILLA). 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 NORFOLK VILLA?

NORFOLK VILLA is located on NEW ROW in GONERBY HILL FOOT, in the NG31 postcode district. The below map shows the position of NORFOLK VILLA on NEW ROW.