RICHMOND HOUSE, MAIN ROAD, BARKSTON, GRANTHAM, NG32 2NH - £425,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

RICHMOND HOUSE is a large detached house of 160m², which could now be worth an estimated £435,226. It was last sold for £425,000 in May 2023, which was around 18% above the average May 2023 detached price in the South Kesteven local authority area. The most recent EPC inspection was September 2018, where the current energy rating was C, and the potential energy rating was B.

RICHMOND HOUSE Sold Prices

Land registry data shows two sales for RICHMOND HOUSE 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 RICHMOND HOUSE 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
2023 19 MAY	£425,000	£359,682	18% above HPI
1999 16 SEP	£110,000	£93,215	18% above HPI

RICHMOND HOUSE 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 RICHMOND HOUSE sales from September 1999 and May 2023 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 1999 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the May 2023 sale, which was also at 18% above the HPI.

What might RICHMOND HOUSE be worth now?

RICHMOND HOUSE might now be worth an estimated £435,226.

This is based on house price inflation of 2.4%, between May 2023 and December 2024, 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 2.4% inflationary increase is applied to the most recent sale price for RICHMOND HOUSE of £425,000 on 19th May 2023. For the value to have increased from £425,000 to £435,226 over the five months to December 2024, the following assumptions must hold true:

• The value of RICHMOND HOUSE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The May 2023 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of RICHMOND HOUSE has not materially changed since May 2023.

How Large is RICHMOND HOUSE?

RICHMOND HOUSE is 160m² according to the EPC inspection conducted in September 2018. This puts it in the largest 30% of detached houses houses in Barkston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Barkston, and where RICHMOND HOUSE lies on this distribution: 73% of detached houses houses are smaller than RICHMOND HOUSE, and 27% of houses are larger. Note that EPC data is not available for all properties in Barkston.

RICHMOND HOUSE: Plot and Title Map

RICHMOND HOUSE sits on a plot of roughly 0.164 of an acre, or 664m². The below map shows the location of RICHMOND HOUSE, 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 RICHMOND HOUSE). 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 RICHMOND HOUSE?

RICHMOND HOUSE is located on MAIN ROAD in BARKSTON, in the NG32 postcode district. The below map shows the position of RICHMOND HOUSE on MAIN ROAD.