14, DURHAM CLOSE, GRANTHAM, NG31 8RL - £142,500

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.

14 DURHAM CLOSE is a very small extended semi-detached house of 60m², built sometime between 1976 and 1982, which could now be worth an estimated £176,033. It was last sold for £142,500 in September 2020, which was around 25% below the average September 2020 semi-detached price in the South Kesteven local authority area. The most recent EPC inspection was May 2020, where the current energy rating was D, and the potential energy rating was B.

14 DURHAM CLOSE Sold Prices

Land registry data shows seven sales for 14 DURHAM CLOSE since 1^st January 1995. The below table shows the price paid for the seven sales, along with the average semi-detached price in the South Kesteven local authority area for the corresponding sale date. All of the seven 14 DURHAM CLOSE 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
2020 25 SEP	£142,500	£191,252	25% below HPI
2014 1 SEP	£108,000	£146,940	27% below HPI
2012 18 JUN	£96,500	£133,604	28% below HPI
2009 18 SEP	£98,500	£126,162	22% below HPI
2001 2 FEB	£45,500	£67,149	32% below HPI
2000 4 FEB	£43,000	£55,037	22% below HPI
1996 30 JAN	£25,000	£41,593	40% below HPI

14 DURHAM CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the South Kesteven local authority area over time, sourced from the HPI. The seven 14 DURHAM CLOSE sales between January 1996 and September 2020 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 September 2014 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the September 2020 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 14 DURHAM CLOSE be worth now?

14 DURHAM CLOSE might now be worth an estimated £176,033.

This is based on house price inflation of 23.5%, between September 2020 and February 2025, for semi-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 23.5% inflationary increase is applied to the most recent sale price for 14 DURHAM CLOSE of £142,500 on 25th September 2020. For the value to have increased from £142,500 to £176,033 over the five years and seven months to February 2025, the following assumptions must hold true:

• The value of 14 DURHAM CLOSE has moved in line with the HPI for semi-detached houses in the South Kesteven local authority area.
• The September 2020 sale price of £142,500 represented a fair market value for the property.
• The size, condition, and specification of 14 DURHAM CLOSE has not materially changed since September 2020.

How Large is 14 DURHAM CLOSE?

14 DURHAM CLOSE is 60m², which includes one extension, according to the EPC inspection conducted in May 2020. This puts it in the smallest 10% of semi-detached houses houses in Grantham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Grantham, and where 14 DURHAM CLOSE lies on this distribution: 4% of semi-detached houses houses are smaller than 14 DURHAM CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Grantham.

14 DURHAM CLOSE: Plot and Title Map

14 DURHAM CLOSE sits on a plot of roughly 0.043 of an acre, or 174m². The below map shows the location of 14 DURHAM 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 14 DURHAM 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 14 DURHAM CLOSE?

14 DURHAM CLOSE is located in GRANTHAM, in the NG31 postcode district. The below map shows the position of No. 14 on DURHAM CLOSE.