15, CAVENDISH WAY, GRANTHAM, NG31 9FN - £148,500

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.

15 CAVENDISH WAY is a very small semi-detached house of 60m², built sometime between 2003 and 2006, which could now be worth an estimated £179,340. It was last sold for £148,500 in May 2020, which was around 24% below the average May 2020 semi-detached price in the South Kesteven local authority area. The most recent EPC inspection was April 2012, where the current energy rating was C, and the potential energy rating was B.

15 CAVENDISH WAY Sold Prices

Land registry data shows three sales for 15 CAVENDISH WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the South Kesteven local authority area for the corresponding sale date. All of the three 15 CAVENDISH WAY 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 1 MAY	£148,500	£195,629	24% below HPI
2007 31 JUL	£125,000	£153,357	18% below HPI
2004 30 JUN	£101,500	£122,152	17% below HPI

15 CAVENDISH WAY 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 three 15 CAVENDISH WAY sales between June 2004 and May 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 July 2007 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the May 2020 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 15 CAVENDISH WAY be worth now?

15 CAVENDISH WAY might now be worth an estimated £179,340.

This is based on house price inflation of 20.8%, between May 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 20.8% inflationary increase is applied to the most recent sale price for 15 CAVENDISH WAY of £148,500 on 1st May 2020. For the value to have increased from £148,500 to £179,340 over the five years and three months to February 2025, the following assumptions must hold true:

• The value of 15 CAVENDISH WAY has moved in line with the HPI for semi-detached houses in the South Kesteven local authority area.
• The May 2020 sale price of £148,500 represented a fair market value for the property.
• The size, condition, and specification of 15 CAVENDISH WAY has not materially changed since May 2020.

How Large is 15 CAVENDISH WAY?

15 CAVENDISH WAY is 60m² according to the EPC inspection conducted in April 2012. 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 15 CAVENDISH WAY lies on this distribution: 4% of semi-detached houses houses are smaller than 15 CAVENDISH WAY, and 96% of houses are larger. Note that EPC data is not available for all properties in Grantham.

15 CAVENDISH WAY: Plot and Title Map

15 CAVENDISH WAY sits on a plot of roughly 0.054 of an acre, or 220m². The below map shows the location of 15 CAVENDISH WAY, 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 15 CAVENDISH WAY). 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 15 CAVENDISH WAY?

15 CAVENDISH WAY is located in GRANTHAM, in the NG31 postcode district. The below map shows the position of No. 15 on CAVENDISH WAY.