1, WELLAND CLOSE, GRETTON, CORBY, NN17 3BE - £550,000

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.

1 WELLAND CLOSE is a large extended detached house of 173m², built sometime between 2007 and 2011, which could now be worth an estimated £599,717. It was last sold for £550,000 in November 2021, which was around 46% above the average November 2021 detached price in the North Northamptonshire local authority area. The most recent EPC inspection was September 2021, where the current energy rating was C, and the potential energy rating was B.

1 WELLAND CLOSE Sold Prices

Land registry data shows three sales for 1 WELLAND CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Northamptonshire local authority area for the corresponding sale date. All of the three 1 WELLAND CLOSE 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
2021 26 NOV	£550,000	£376,385	46% above HPI
2013 1 FEB	£311,000	£216,919	43% above HPI
2004 14 MAY	£282,000	£188,293	50% above HPI

1 WELLAND CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Northamptonshire local authority area over time, sourced from the HPI. The three 1 WELLAND CLOSE sales between May 2004 and November 2021 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 February 2013 sale was for 43% above the HPI. So the extrapolation line tracks at 43% above the HPI over time, until the November 2021 sale, where it rises to 46% above the HPI. The line then continues to track at 46% above the HPI.

What might 1 WELLAND CLOSE be worth now?

1 WELLAND CLOSE might now be worth an estimated £599,717.

This is based on house price inflation of 9%, between November 2021 and March 2025, for detached houses, in the North Northamptonshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 9% inflationary increase is applied to the most recent sale price for 1 WELLAND CLOSE of £550,000 on 26th November 2021. For the value to have increased from £550,000 to £599,717 over the four years and eight months to March 2025, the following assumptions must hold true:

• The value of 1 WELLAND CLOSE has moved in line with the HPI for detached houses in the North Northamptonshire local authority area.
• The November 2021 sale price of £550,000 represented a fair market value for the property.
• The size, condition, and specification of 1 WELLAND CLOSE has not materially changed since November 2021.

How Large is 1 WELLAND CLOSE?

1 WELLAND CLOSE is 173m², which includes one extension, according to the EPC inspection conducted in September 2021. This puts it in the largest 40% of detached houses houses in Gretton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gretton, and where 1 WELLAND CLOSE lies on this distribution: 65% of detached houses houses are smaller than 1 WELLAND CLOSE, and 35% of houses are larger. Note that EPC data is not available for all properties in Gretton.

1 WELLAND CLOSE: Plot and Title Map

1 WELLAND CLOSE sits on a plot of roughly 0.093 of an acre, or 375m². The below map shows the location of 1 WELLAND CLOSE, 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 1 WELLAND CLOSE). 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 1 WELLAND CLOSE?

1 WELLAND CLOSE is located in GRETTON, in the NN17 postcode district. The below map shows the position of No. 1 on WELLAND CLOSE.