21, RIBER CLOSE, GRANTHAM, NG31 8TU - £360,000

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.

21 RIBER CLOSE is a large detached house of 146m², built sometime between 1996 and 2002, which could now be worth an estimated £392,538. It was last sold for £360,000 in October 2021, which was around 7% above the average October 2021 detached price in the South Kesteven local authority area. The most recent EPC inspection was August 2020, where the current energy rating was C, and the potential energy rating was B.

21 RIBER CLOSE Sold Prices

Land registry data shows three sales for 21 RIBER CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. Two of the three 21 RIBER CLOSE sales were for above the average price, whilst one was 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 22 OCT	£360,000	£336,149	7% above HPI
2012 27 APR	£189,000	£211,050	10% below HPI
2001 21 DEC	£143,495	£120,308	19% above HPI

21 RIBER 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 three 21 RIBER CLOSE sales between December 2001 and October 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 April 2012 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the October 2021 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might 21 RIBER CLOSE be worth now?

21 RIBER CLOSE might now be worth an estimated £392,538.

This is based on house price inflation of 9%, between October 2021 and March 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 9% inflationary increase is applied to the most recent sale price for 21 RIBER CLOSE of £360,000 on 22nd October 2021. For the value to have increased from £360,000 to £392,538 over the four years and seven months to March 2025, the following assumptions must hold true:

• The value of 21 RIBER CLOSE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The October 2021 sale price of £360,000 represented a fair market value for the property.
• The size, condition, and specification of 21 RIBER CLOSE has not materially changed since October 2021.

How Large is 21 RIBER CLOSE?

21 RIBER CLOSE is 146m² according to the EPC inspection conducted in August 2020. This puts it in the largest 30% 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 21 RIBER CLOSE lies on this distribution: 80% of detached houses houses are smaller than 21 RIBER CLOSE, and 20% of houses are larger. Note that EPC data is not available for all properties in Grantham.

21 RIBER CLOSE: Plot and Title Map

21 RIBER CLOSE sits on a plot of roughly 0.119 of an acre, or 481m². The below map shows the location of 21 RIBER 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 21 RIBER 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 21 RIBER CLOSE?

21 RIBER CLOSE is located in GRANTHAM, in the NG31 postcode district. The below map shows the position of No. 21 on RIBER CLOSE.