OLD READING ROOM, LOW ROAD, MANTHORPE, GRANTHAM, NG31 8NQ - £420,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

OLD READING ROOM is a large extended detached house of 127m², built sometime between 1996 and 2002. It was last sold for £420,000 in September 2024, which was around 13% above the average September 2024 detached price in the South Kesteven local authority area. The most recent EPC inspection was August 2024, where the current energy rating was D, and the potential energy rating was C.

OLD READING ROOM Sold Prices

Land registry data shows four sales for OLD READING ROOM since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. All of the four OLD READING ROOM 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
2024 20 SEP	£420,000	£371,102	13% above HPI
2019 6 SEP	£400,000	£311,182	29% above HPI
2000 20 JUL	£143,000	£108,268	32% above HPI
1996 12 DEC	£113,000	£73,190	54% above HPI

OLD READING ROOM 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 four OLD READING ROOM sales between December 1996 and September 2024 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 September 2019 sale was for 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the September 2024 sale, where it falls to 13% above the HPI. The line then continues to track at 13% above the HPI.

How Large is OLD READING ROOM?

OLD READING ROOM is 127m², which includes four extensions, according to the EPC inspection conducted in August 2024. This puts it in the largest 40% of detached houses in Grantham, based on EPC data. The below chart shows the distribution of detached houses by size in Grantham, and where OLD READING ROOM lies on this distribution: 66% of detached houses are smaller than OLD READING ROOM, and 33% of houses are larger. Note that EPC data is not available for all properties in Grantham.

OLD READING ROOM: Plot and Title Map

OLD READING ROOM sits on a plot of roughly 0.134 of an acre, or 542m². The below map shows the location of OLD READING ROOM, 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 READING ROOM). 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 READING ROOM?

OLD READING ROOM is located on LOW ROAD in MANTHORPE, in the NG31 postcode district. The below map shows the position of OLD READING ROOM on LOW ROAD.