2, CROMER CLOSE, GRANTHAM, NG31 9FE - £149,950

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.

2 CROMER CLOSE is a very small extended semi-detached house of 73m², built sometime between 2003 and 2006, which could now be worth an estimated £216,902. It was last sold for £149,950 in June 2016, which was around 8% below the average June 2016 semi-detached price in the South Kesteven local authority area. The most recent EPC inspection was January 2016, where the current energy rating was C, and the potential energy rating was B.

2 CROMER CLOSE Sold Prices

Land registry data shows three sales for 2 CROMER 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. All of the three 2 CROMER 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
2016 20 JUN	£149,950	£163,719	8% below HPI
2007 9 FEB	£143,000	£146,466	2% below HPI
2005 1 JUL	£127,500	£133,577	5% below HPI

2 CROMER 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 2 CROMER CLOSE sales between July 2005 and June 2016 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 February 2007 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the June 2016 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 2 CROMER CLOSE be worth now?

2 CROMER CLOSE might now be worth an estimated £216,902.

This is based on house price inflation of 44.6%, between June 2016 and June 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 44.6% inflationary increase is applied to the most recent sale price for 2 CROMER CLOSE of £149,950 on 20th June 2016. For the value to have increased from £149,950 to £216,902 over the nine years to June 2025, the following assumptions must hold true:

• The value of 2 CROMER CLOSE has moved in line with the HPI for semi-detached houses in the South Kesteven local authority area.
• The June 2016 sale price of £149,950 represented a fair market value for the property.
• The size, condition, and specification of 2 CROMER CLOSE has not materially changed since June 2016.

How Large is 2 CROMER CLOSE?

2 CROMER CLOSE is 73m², which includes one extension, according to the EPC inspection conducted in January 2016. 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 2 CROMER CLOSE lies on this distribution: 12% of semi-detached houses houses are smaller than 2 CROMER CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Grantham.

2 CROMER CLOSE: Plot and Title Map

2 CROMER CLOSE sits on a plot of roughly 0.051 of an acre, or 206m². The below map shows the location of 2 CROMER 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 2 CROMER 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 2 CROMER CLOSE?

2 CROMER CLOSE is located in GRANTHAM, in the NG31 postcode district. The below map shows the position of No. 2 on CROMER CLOSE.