WESTHOLME, GORSE LANE, GRANTHAM, NG31 7UE - £187,500

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

WESTHOLME is a midsized detached house of 108m², built sometime between 1950 and 1966. It was last sold for £187,500 in November 2013, which was around 19% below the average November 2013 detached price in the South Kesteven local authority area. The most recent EPC inspection was September 2012, where the current energy rating was E, and the potential energy rating was C.

WESTHOLME Sold Prices

Land registry data shows four sales for WESTHOLME since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. All of the four WESTHOLME 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
2013 8 NOV	£187,500	£230,386	19% below HPI
2012 30 NOV	£177,000	£218,378	19% below HPI
2003 28 NOV	£168,000	£185,272	9% below HPI
1996 18 SEP	£72,000	£75,129	4% below HPI

WESTHOLME 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 four WESTHOLME sales between September 1996 and November 2013 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 2012 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the November 2013 sale, which was also at 19% below the HPI.

How Large is WESTHOLME?

WESTHOLME is 108m² according to the EPC inspection conducted in September 2012. This puts it in the smallest 50% of detached houses in Grantham, based on EPC data. The below chart shows the distribution of detached houses by size in Grantham, and where WESTHOLME lies on this distribution: 45% of detached houses are smaller than WESTHOLME, and 53% of houses are larger. Note that EPC data is not available for all properties in Grantham.

WESTHOLME: Plot and Title Map

WESTHOLME sits on a plot of roughly 0.256 of an acre, or 1,037m². The below map shows the location of WESTHOLME, 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 WESTHOLME). 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 WESTHOLME?

WESTHOLME is located on GORSE LANE in GRANTHAM, in the NG31 postcode district. The below map shows the position of WESTHOLME on GORSE LANE.