19, MERRICK CLOSE, GREAT GONERBY, GRANTHAM, NG31 8NL - £165,000

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.

19 MERRICK CLOSE is a very small detached house of 72m², built sometime between 1996 and 2002, which could now be worth an estimated £175,088. It was last sold for £165,000 in December 2021, which was around 52% below the average December 2021 detached price in the South Kesteven local authority area. The most recent EPC inspection was May 2021, where the current energy rating was D, and the potential energy rating was B.

19 MERRICK CLOSE Sold Prices

Land registry data shows two sales for 19 MERRICK CLOSE 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 19 MERRICK 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
2021 3 DEC	£165,000	£343,649	52% below HPI
2002 9 MAY	£82,000	£135,565	40% below HPI

19 MERRICK CLOSE 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 19 MERRICK CLOSE sales from May 2002 and December 2021 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 May 2002 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the December 2021 sale, where it falls to 52% below the HPI. The line then continues to track at 52% below the HPI.

What might 19 MERRICK CLOSE be worth now?

19 MERRICK CLOSE might now be worth an estimated £175,088.

This is based on house price inflation of 6.1%, between December 2021 and February 2025, 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 6.1% inflationary increase is applied to the most recent sale price for 19 MERRICK CLOSE of £165,000 on 3rd December 2021. For the value to have increased from £165,000 to £175,088 over the four years and ten months to February 2025, the following assumptions must hold true:

• The value of 19 MERRICK CLOSE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The December 2021 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of 19 MERRICK CLOSE has not materially changed since December 2021.

How Large is 19 MERRICK CLOSE?

19 MERRICK CLOSE is 72m² according to the EPC inspection conducted in May 2021. This puts it in the smallest 10% of detached houses houses in Great Gonerby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Great Gonerby, and where 19 MERRICK CLOSE lies on this distribution: 3% of detached houses houses are smaller than 19 MERRICK CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Great Gonerby.

19 MERRICK CLOSE: Plot and Title Map

19 MERRICK CLOSE sits on a plot of roughly 0.023 of an acre, or 94m². The below map shows the location of 19 MERRICK 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 19 MERRICK 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 19 MERRICK CLOSE?

19 MERRICK CLOSE is located in GREAT GONERBY, in the NG31 postcode district. The below map shows the position of No. 19 on MERRICK CLOSE.