SUMMER TREES, TOW LANE, FOSTON, GRANTHAM, NG32 2LE - £165,000

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

SUMMER TREES is a midsized detached house of 127m², built sometime between 1950 and 1966, which could now be worth an estimated £306,024. It was last sold for £165,000 in August 2009, which was around 17% below the average August 2009 detached price in the South Kesteven local authority area. The most recent EPC inspection was June 2009, where the current energy rating was E, and the potential energy rating was D.

SUMMER TREES Sold Prices

Land registry data shows three sales for SUMMER TREES 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 SUMMER TREES sales were 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
2009 11 AUG	£165,000	£198,597	17% below HPI
2001 17 JAN	£60,000	£110,519	46% below HPI
1997 11 JUL	£36,000	£76,750	53% below HPI

SUMMER TREES 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 SUMMER TREES sales between July 1997 and August 2009 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 January 2001 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the August 2009 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might SUMMER TREES be worth now?

SUMMER TREES might now be worth an estimated £306,024.

This is based on house price inflation of 85.5%, between August 2009 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 85.5% inflationary increase is applied to the most recent sale price for SUMMER TREES of £165,000 on 11th August 2009. For the value to have increased from £165,000 to £306,024 over the fourteen years and eight months to December 2024, the following assumptions must hold true:

• The value of SUMMER TREES has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The August 2009 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of SUMMER TREES has not materially changed since August 2009.

How Large is SUMMER TREES?

SUMMER TREES is 127m² according to the EPC inspection conducted in June 2009. This puts it in the smallest 50% of detached houses houses in Foston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Foston, and where SUMMER TREES lies on this distribution: 42% of detached houses houses are smaller than SUMMER TREES, and 58% of houses are larger. Note that EPC data is not available for all properties in Foston.

SUMMER TREES: Plot and Title Map

SUMMER TREES sits on a plot of roughly 0.124 of an acre, or 501m². The below map shows the location of SUMMER TREES, 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 SUMMER TREES). 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 SUMMER TREES?

SUMMER TREES is located on TOW LANE in FOSTON, in the NG32 postcode district. The below map shows the position of SUMMER TREES on TOW LANE.