PATHWAYS, GORSE LANE, GRANTHAM, NG31 7UE - £460,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

PATHWAYS is a very large extended detached house of 222m², built sometime between 1967 and 1975. It was last sold for £460,000 in October 2020, which was around 49% above the average October 2020 detached price in the South Kesteven local authority area. The most recent EPC inspection was June 2019, where the current energy rating was C, and the potential energy rating was B.

PATHWAYS Sold Prices

Land registry data shows two sales for PATHWAYS 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. One of the two PATHWAYS 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
2020 30 OCT	£460,000	£308,927	49% above HPI
2016 15 FEB	£190,000	£264,336	28% below HPI

PATHWAYS 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 PATHWAYS sales from February 2016 and October 2020 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 2016 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the October 2020 sale, where it rises to 49% above the HPI. The line then continues to track at 49% above the HPI.

How Large is PATHWAYS?

PATHWAYS is 222m², which includes two extensions, according to the EPC inspection conducted in June 2019. This puts it in the largest 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 PATHWAYS lies on this distribution: 97% of detached houses are smaller than PATHWAYS, and 3% of houses are larger. Note that EPC data is not available for all properties in Grantham.

PATHWAYS: Plot and Title Map

PATHWAYS sits on a plot of roughly 0.193 of an acre, or 780m². The below map shows the location of PATHWAYS, 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 PATHWAYS). 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 PATHWAYS?

PATHWAYS is located on GORSE LANE in GRANTHAM, in the NG31 postcode district. The below map shows the position of PATHWAYS on GORSE LANE.