OLD POST OFFICE, MAIN STREET, INGOLDSBY, GRANTHAM, NG33 4EJ - £475,000

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.

OLD POST OFFICE is a very large detached house of 258m², built sometime before 1900, which could now be worth an estimated £699,421. It was last sold for £475,000 in August 2015, which was around 92% above the average August 2015 detached price in the South Kesteven local authority area. The most recent EPC inspection was September 2009, where the current energy rating was E, and the potential energy rating was E.

OLD POST OFFICE Sold Prices

Land registry data shows three sales for OLD POST OFFICE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. All of the three OLD POST OFFICE 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
2015 26 AUG	£475,000	£247,652	92% above HPI
2006 30 AUG	£370,000	£226,796	63% above HPI
2004 26 MAR	£317,000	£184,995	71% above HPI

OLD POST OFFICE 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 three OLD POST OFFICE sales between March 2004 and August 2015 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 August 2006 sale was for 63% above the HPI. So the extrapolation line tracks at 63% above the HPI over time, until the August 2015 sale, where it rises to 92% above the HPI. The line then continues to track at 92% above the HPI.

What might OLD POST OFFICE be worth now?

OLD POST OFFICE might now be worth an estimated £699,421.

This is based on house price inflation of 47.2%, between August 2015 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 47.2% inflationary increase is applied to the most recent sale price for OLD POST OFFICE of £475,000 on 26th August 2015. For the value to have increased from £475,000 to £699,421 over the ten years and six months to February 2025, the following assumptions must hold true:

• The value of OLD POST OFFICE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The August 2015 sale price of £475,000 represented a fair market value for the property.
• The size, condition, and specification of OLD POST OFFICE has not materially changed since August 2015.

How Large is OLD POST OFFICE?

OLD POST OFFICE is 258m² according to the EPC inspection conducted in September 2009. This puts it in the largest 10% of detached houses houses in Ingoldsby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ingoldsby, and where OLD POST OFFICE lies on this distribution: 90% of detached houses houses are smaller than OLD POST OFFICE, and 10% of houses are larger. Note that EPC data is not available for all properties in Ingoldsby.

OLD POST OFFICE: Plot and Title Map

OLD POST OFFICE sits on a plot of roughly 0.399 of an acre, or 1,616m². The below map shows the location of OLD POST OFFICE, 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 OLD POST OFFICE). 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 OLD POST OFFICE?

OLD POST OFFICE is located on MAIN STREET in INGOLDSBY, in the NG33 postcode district. The below map shows the position of OLD POST OFFICE on MAIN STREET.