UPWOOD, GONERBY ROAD, GONERBY HILL FOOT, GRANTHAM, NG31 8HU - £290,000

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

UPWOOD is a midsized detached house of 110m², built sometime between 1967 and 1975. It was last sold for £290,000 in July 2014, which was around 30% above the average July 2014 detached price in the South Kesteven local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was B.

UPWOOD Sold Prices

Land registry data shows two sales for UPWOOD 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 UPWOOD 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
2014 21 JUL	£290,000	£222,440	30% above HPI
2004 25 JUN	£275,000	£190,693	44% above HPI

UPWOOD 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 UPWOOD sales from June 2004 and July 2014 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 June 2004 sale was for 44% above the HPI. So the extrapolation line tracks at 44% above the HPI over time, until the July 2014 sale, where it falls to 30% above the HPI. The line then continues to track at 30% above the HPI.

What might UPWOOD be worth now?

UPWOOD might now be worth an estimated £480,208.

This is based on house price inflation of 65.6%, between July 2014 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 65.6% inflationary increase is applied to the most recent sale price for UPWOOD of £290,000 on 21st July 2014. For the value to have increased from £290,000 to £480,208 over the nine years and seven months to December 2024, the following assumptions must hold true:

• The value of UPWOOD has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The July 2014 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of UPWOOD has not materially changed since July 2014.

How Large is UPWOOD?

UPWOOD is 110m² according to the EPC inspection conducted in April 2014. This puts it in the smallest 50% 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 UPWOOD lies on this distribution: 48% of detached houses houses are smaller than UPWOOD, and 52% of houses are larger. Note that EPC data is not available for all properties in Grantham.

UPWOOD: Plot and Title Map

UPWOOD sits on a plot of roughly 0.445 of an acre, or 1,800m². The below map shows the location of UPWOOD, 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 UPWOOD). 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 UPWOOD?

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