THE ROWANS, BACK LANE, INGOLDSBY, GRANTHAM, NG33 4EW - £230,000

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.

THE ROWANS is a very small extended detached house of 109m², built sometime between 1976 and 1982, which could now be worth an estimated £295,302. It was last sold for £230,000 in August 2017, which was around 19% below the average August 2017 detached price in the South Kesteven local authority area. The most recent EPC inspection was June 2016, where the current energy rating was D, and the potential energy rating was A.

THE ROWANS Sold Prices

Land registry data shows two sales for THE ROWANS 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 THE ROWANS 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
2017 8 AUG	£230,000	£284,020	19% below HPI
2001 18 MAY	£82,500	£115,318	28% below HPI

THE ROWANS 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 THE ROWANS sales from May 2001 and August 2017 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 May 2001 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the August 2017 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might THE ROWANS be worth now?

THE ROWANS might now be worth an estimated £295,302.

This is based on house price inflation of 28.4%, between August 2017 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 28.4% inflationary increase is applied to the most recent sale price for THE ROWANS of £230,000 on 8th August 2017. For the value to have increased from £230,000 to £295,302 over the eight years and six months to February 2025, the following assumptions must hold true:

• The value of THE ROWANS has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The August 2017 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of THE ROWANS has not materially changed since August 2017.

How Large is THE ROWANS?

THE ROWANS is 109m², which includes one extension, according to the EPC inspection conducted in June 2016. This puts it in the smallest 20% of detached houses houses in Ingoldsby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ingoldsby, and where THE ROWANS lies on this distribution: 18% of detached houses houses are smaller than THE ROWANS, and 83% of houses are larger. Note that EPC data is not available for all properties in Ingoldsby.

THE ROWANS: Plot and Title Map

THE ROWANS sits on a plot of roughly 0.186 of an acre, or 754m². The below map shows the location of THE ROWANS, 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 THE ROWANS). 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 THE ROWANS?

THE ROWANS is located on BACK LANE in INGOLDSBY, in the NG33 postcode district. The below map shows the position of THE ROWANS on BACK LANE.