107, SPRINGFIELD ROAD, GRANTHAM, NG31 7BG - £74,500

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.

107 SPRINGFIELD ROAD is a very small terraced house of 77m², built sometime between 1900 and 1929, which could now be worth an estimated £87,247. It was last sold for £74,500 in May 2021, which was around 55% below the average May 2021 terraced price in the South Kesteven local authority area. The most recent EPC inspection was March 2021, where the current energy rating was G, and the potential energy rating was E.

107 SPRINGFIELD ROAD Sold Prices

Land registry data shows three sales for 107 SPRINGFIELD ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the South Kesteven local authority area for the corresponding sale date. All of the three 107 SPRINGFIELD ROAD 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
2021 7 MAY	£74,500	£164,192	55% below HPI
2003 21 JUL	£45,000	£81,669	45% below HPI
1996 26 JUL	£12,750	£34,095	63% below HPI

107 SPRINGFIELD ROAD Price Paid vs. HPI Average

The below graph shows the average terraced house price in the South Kesteven local authority area over time, sourced from the HPI. The three 107 SPRINGFIELD ROAD sales between July 1996 and May 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 July 2003 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the May 2021 sale, where it falls to 55% below the HPI. The line then continues to track at 55% below the HPI.

What might 107 SPRINGFIELD ROAD be worth now?

107 SPRINGFIELD ROAD might now be worth an estimated £87,247.

This is based on house price inflation of 17.1%, between May 2021 and April 2026, for terraced 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 17.1% inflationary increase is applied to the most recent sale price for 107 SPRINGFIELD ROAD of £74,500 on 7th May 2021. For the value to have increased from £74,500 to £87,247 over the five years and one month to April 2026, the following assumptions must hold true:

• The value of 107 SPRINGFIELD ROAD has moved in line with the HPI for terraced houses in the South Kesteven local authority area.
• The May 2021 sale price of £74,500 represented a fair market value for the property.
• The size, condition, and specification of 107 SPRINGFIELD ROAD has not materially changed since May 2021.

How Large is 107 SPRINGFIELD ROAD?

107 SPRINGFIELD ROAD is 77m² according to the EPC inspection conducted in March 2021. This puts it in the smallest 20% of terraced houses houses in Grantham, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Grantham, and where 107 SPRINGFIELD ROAD lies on this distribution: 15% of terraced houses houses are smaller than 107 SPRINGFIELD ROAD, and 84% of houses are larger. Note that EPC data is not available for all properties in Grantham.

107 SPRINGFIELD ROAD: Plot and Title Map

107 SPRINGFIELD ROAD sits on a plot of roughly 0.023 of an acre, or 92m². The below map shows the location of 107 SPRINGFIELD ROAD, 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 107 SPRINGFIELD ROAD). 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 107 SPRINGFIELD ROAD?

107 SPRINGFIELD ROAD is located in GRANTHAM, in the NG31 postcode district. The below map shows the position of No. 107 on SPRINGFIELD ROAD.