2, TRURO CLOSE, GRANTHAM, NG31 8PH - £137,000

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.

2 TRURO CLOSE is a very small semi-detached house of 60m², built sometime between 1983 and 1990, which could now be worth an estimated £167,104. It was last sold for £137,000 in May 2020, which was around 30% below the average May 2020 semi-detached price in the South Kesteven local authority area. The most recent EPC inspection was May 2012, where the current energy rating was D, and the potential energy rating was B.

2 TRURO CLOSE Sold Prices

Land registry data shows three sales for 2 TRURO 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 TRURO 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
2020 12 MAY	£137,000	£195,629	30% below HPI
1998 28 AUG	£37,000	£50,096	26% below HPI
1996 7 JUN	£34,000	£42,334	20% below HPI

2 TRURO 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 TRURO CLOSE sales between June 1996 and May 2020 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 August 1998 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the May 2020 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 2 TRURO CLOSE be worth now?

2 TRURO CLOSE might now be worth an estimated £167,104.

This is based on house price inflation of 22%, between May 2020 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 22% inflationary increase is applied to the most recent sale price for 2 TRURO CLOSE of £137,000 on 12th May 2020. For the value to have increased from £137,000 to £167,104 over the five years and two months to March 2025, the following assumptions must hold true:

• The value of 2 TRURO CLOSE has moved in line with the HPI for semi-detached houses in the South Kesteven local authority area.
• The May 2020 sale price of £137,000 represented a fair market value for the property.
• The size, condition, and specification of 2 TRURO CLOSE has not materially changed since May 2020.

How Large is 2 TRURO CLOSE?

2 TRURO CLOSE is 60m² according to the EPC inspection conducted in May 2012. 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 2 TRURO CLOSE lies on this distribution: 4% of semi-detached houses houses are smaller than 2 TRURO CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Grantham.

2 TRURO CLOSE: Plot and Title Map

2 TRURO CLOSE sits on a plot of roughly 0.041 of an acre, or 164m². The below map shows the location of 2 TRURO 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 TRURO 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 TRURO CLOSE?

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