15, CEDARWOOD CLOSE, GONERBY HILL FOOT, GRANTHAM, NG31 8QJ - £124,950

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 CEDARWOOD CLOSE is a very small semi-detached house of 57m², built sometime between 1983 and 1990, which could now be worth an estimated £293,632. It was last sold for £124,950 in February 2003, which was around 23% above the average February 2003 semi-detached price in the South Kesteven local authority area. The most recent EPC inspection was August 2022, where the current energy rating was D, and the potential energy rating was B.

15 CEDARWOOD CLOSE Sold Prices

Land registry data shows three sales for 15 CEDARWOOD CLOSE 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. Two of the three 15 CEDARWOOD CLOSE sales were for above the average price, whilst one was 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
2003 25 FEB	£124,950	£101,539	23% above HPI
2000 13 MAR	£65,500	£56,006	17% above HPI
1998 20 APR	£47,500	£48,850	3% below HPI

15 CEDARWOOD 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 three 15 CEDARWOOD CLOSE sales between April 1998 and February 2003 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 March 2000 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the February 2003 sale, where it rises to 23% above the HPI. The line then continues to track at 23% above the HPI.

What might 15 CEDARWOOD CLOSE be worth now?

15 CEDARWOOD CLOSE might now be worth an estimated £293,632.

This is based on house price inflation of 135%, between February 2003 and March 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 135% inflationary increase is applied to the most recent sale price for 15 CEDARWOOD CLOSE of £124,950 on 25th February 2003. For the value to have increased from £124,950 to £293,632 over the 21 years and eleven months to March 2025, the following assumptions must hold true:

• The value of 15 CEDARWOOD CLOSE has moved in line with the HPI for semi-detached houses in the South Kesteven local authority area.
• The February 2003 sale price of £124,950 represented a fair market value for the property.
• The size, condition, and specification of 15 CEDARWOOD CLOSE has not materially changed since February 2003.

How Large is 15 CEDARWOOD CLOSE?

15 CEDARWOOD CLOSE is 57m² according to the EPC inspection conducted in August 2022. 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 CEDARWOOD CLOSE lies on this distribution: 3% of semi-detached houses houses are smaller than 15 CEDARWOOD CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Grantham.

15 CEDARWOOD CLOSE: Plot and Title Map

15 CEDARWOOD CLOSE sits on a plot of roughly 0.073 of an acre, or 297m². The below map shows the location of 15 CEDARWOOD 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 15 CEDARWOOD 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 15 CEDARWOOD CLOSE?

15 CEDARWOOD CLOSE is located in GONERBY HILL FOOT, in the NG31 postcode district. The below map shows the position of No. 15 on CEDARWOOD CLOSE.