18, GLOUCESTER ROAD, GRANTHAM, NG31 8RJ - £190,000

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.

18 GLOUCESTER ROAD is a very small detached house of 66m², built sometime between 1983 and 1990, which could now be worth an estimated £243,831. It was last sold for £190,000 in September 2017, which was around 33% below the average September 2017 detached price in the South Kesteven local authority area. The most recent EPC inspection was December 2016, where the current energy rating was D, and the potential energy rating was B.

18 GLOUCESTER ROAD Sold Prices

Land registry data shows two sales for 18 GLOUCESTER ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. Both of the two 18 GLOUCESTER 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
2017 29 SEP	£190,000	£285,541	33% below HPI
2004 30 APR	£145,000	£187,725	23% below HPI

18 GLOUCESTER ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Kesteven local authority area over time, sourced from the HPI. The two 18 GLOUCESTER ROAD sales from April 2004 and September 2017 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 April 2004 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the September 2017 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might 18 GLOUCESTER ROAD be worth now?

18 GLOUCESTER ROAD might now be worth an estimated £243,831.

This is based on house price inflation of 28.3%, between September 2017 and May 2026, for 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 28.3% inflationary increase is applied to the most recent sale price for 18 GLOUCESTER ROAD of £190,000 on 29th September 2017. For the value to have increased from £190,000 to £243,831 over the nine years and four months to May 2026, the following assumptions must hold true:

• The value of 18 GLOUCESTER ROAD has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The September 2017 sale price of £190,000 represented a fair market value for the property.
• The size, condition, and specification of 18 GLOUCESTER ROAD has not materially changed since September 2017.

How Large is 18 GLOUCESTER ROAD?

18 GLOUCESTER ROAD is 66m² according to the EPC inspection conducted in December 2016. This puts it in the smallest 10% of detached houses houses in Grantham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Grantham, and where 18 GLOUCESTER ROAD lies on this distribution: 7% of detached houses houses are smaller than 18 GLOUCESTER ROAD, and 93% of houses are larger. Note that EPC data is not available for all properties in Grantham.

18 GLOUCESTER ROAD: Plot and Title Map

18 GLOUCESTER ROAD sits on a plot of roughly 0.099 of an acre, or 400m². The below map shows the location of 18 GLOUCESTER 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 18 GLOUCESTER 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 18 GLOUCESTER ROAD?

18 GLOUCESTER ROAD is located in GRANTHAM, in the NG31 postcode district. The below map shows the position of No. 18 on GLOUCESTER ROAD.