SPRING CROFT, GONERBY ROAD, GONERBY HILL FOOT, GRANTHAM, NG31 8HU - £301,155

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.

SPRING CROFT is a large detached house of 145m², built sometime between 1976 and 1982, which could now be worth an estimated £418,597. It was last sold for £301,155 in July 2016, which was around 15% above the average July 2016 detached price in the South Kesteven local authority area. The most recent EPC inspection was May 2009, where the current energy rating was D, and the potential energy rating was D.

SPRING CROFT Sold Prices

Land registry data shows two sales for SPRING CROFT 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 SPRING CROFT 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
2016 11 JUL	£301,155	£262,350	15% above HPI
2009 18 NOV	£250,000	£208,833	20% above HPI

SPRING CROFT 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 SPRING CROFT sales from November 2009 and July 2016 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 November 2009 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the July 2016 sale, where it falls to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might SPRING CROFT be worth now?

SPRING CROFT might now be worth an estimated £418,597.

This is based on house price inflation of 39%, between July 2016 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 39% inflationary increase is applied to the most recent sale price for SPRING CROFT of £301,155 on 11th July 2016. For the value to have increased from £301,155 to £418,597 over the nine years and five months to February 2025, the following assumptions must hold true:

• The value of SPRING CROFT has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The July 2016 sale price of £301,155 represented a fair market value for the property.
• The size, condition, and specification of SPRING CROFT has not materially changed since July 2016.

How Large is SPRING CROFT?

SPRING CROFT is 145m² according to the EPC inspection conducted in May 2009. This puts it in the largest 30% of detached houses houses in Grantham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Grantham, and where SPRING CROFT lies on this distribution: 79% of detached houses houses are smaller than SPRING CROFT, and 21% of houses are larger. Note that EPC data is not available for all properties in Grantham.

SPRING CROFT: Plot and Title Map

SPRING CROFT sits on a plot of roughly 0.258 of an acre, or 1,045m². The below map shows the location of SPRING CROFT, 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 SPRING CROFT). 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 SPRING CROFT?

SPRING CROFT is located on GONERBY ROAD in GONERBY HILL FOOT, in the NG31 postcode district. The below map shows the position of SPRING CROFT on GONERBY ROAD.