15, HEVER CLOSE, GRANTHAM, NG31 8SW - £157,000

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.

15 HEVER CLOSE is a very small extended semi-detached house of 74m², built sometime between 1996 and 2002, which could now be worth an estimated £261,655. It was last sold for £157,000 in July 2014, which was around 11% above the average July 2014 semi-detached price in the South Kesteven local authority area. The most recent EPC inspection was October 2009, where the current energy rating was C, and the potential energy rating was C.

15 HEVER CLOSE Sold Prices

Land registry data shows four sales for 15 HEVER CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the South Kesteven local authority area for the corresponding sale date. Most of the four 15 HEVER 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
2014 18 JUL	£157,000	£141,760	11% above HPI
2008 14 NOV	£160,000	£133,970	19% above HPI
2003 19 SEP	£134,500	£111,808	20% above HPI
2002 10 MAY	£77,995	£81,294	4% below HPI

15 HEVER 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 four 15 HEVER CLOSE sales between May 2002 and July 2014 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 November 2008 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the July 2014 sale, where it falls to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might 15 HEVER CLOSE be worth now?

15 HEVER CLOSE might now be worth an estimated £261,655.

This is based on house price inflation of 66.7%, between July 2014 and May 2026, 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 66.7% inflationary increase is applied to the most recent sale price for 15 HEVER CLOSE of £157,000 on 18th July 2014. For the value to have increased from £157,000 to £261,655 over the twelve years and two months to May 2026, the following assumptions must hold true:

• The value of 15 HEVER CLOSE has moved in line with the HPI for semi-detached houses in the South Kesteven local authority area.
• The July 2014 sale price of £157,000 represented a fair market value for the property.
• The size, condition, and specification of 15 HEVER CLOSE has not materially changed since July 2014.

How Large is 15 HEVER CLOSE?

15 HEVER CLOSE is 74m², which includes one extension, according to the EPC inspection conducted in October 2009. This puts it in the smallest 20% 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 HEVER CLOSE lies on this distribution: 12% of semi-detached houses houses are smaller than 15 HEVER CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Grantham.

15 HEVER CLOSE: Plot and Title Map

15 HEVER CLOSE sits on a plot of roughly 0.050 of an acre, or 204m². The below map shows the location of 15 HEVER 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 HEVER 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 HEVER CLOSE?

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