24, MOORTOWN CLOSE, GRANTHAM, NG31 9GG - £240,000

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.

24 MOORTOWN CLOSE is a midsized extended detached house of 103m², built sometime between 1996 and 2002, which could now be worth an estimated £232,980. It was last sold for £240,000 in September 2022, which was around 36% below the average September 2022 detached price in the South Kesteven local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was C.

24 MOORTOWN CLOSE Sold Prices

Land registry data shows five sales for 24 MOORTOWN CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. All of the five 24 MOORTOWN 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
2022 16 SEP	£240,000	£377,482	36% below HPI
2016 2 SEP	£160,000	£266,034	40% below HPI
2006 24 NOV	£145,000	£228,223	36% below HPI
2002 11 SEP	£98,000	£148,872	34% below HPI
2001 17 JAN	£82,500	£110,519	25% below HPI

24 MOORTOWN 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 five 24 MOORTOWN CLOSE sales between January 2001 and September 2022 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 September 2016 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the September 2022 sale, where it rises to 36% below the HPI. The line then continues to track at 36% below the HPI.

What might 24 MOORTOWN CLOSE be worth now?

24 MOORTOWN CLOSE might now be worth an estimated £232,980.

This is based on house price deflation of 2.9%, between September 2022 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 2.9% deflationary decrease is applied to the most recent sale price for 24 MOORTOWN CLOSE of £240,000 on 16th September 2022. For the value to have decreased from £240,000 to £232,980 over the four years and four months to May 2026, the following assumptions must hold true:

• The value of 24 MOORTOWN CLOSE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The September 2022 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 24 MOORTOWN CLOSE has not materially changed since September 2022.

How Large is 24 MOORTOWN CLOSE?

24 MOORTOWN CLOSE is 103m², which includes one extension, according to the EPC inspection conducted in September 2020. This puts it in the smallest 50% 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 24 MOORTOWN CLOSE lies on this distribution: 40% of detached houses houses are smaller than 24 MOORTOWN CLOSE, and 58% of houses are larger. Note that EPC data is not available for all properties in Grantham.

24 MOORTOWN CLOSE: Plot and Title Map

24 MOORTOWN CLOSE sits on a plot of roughly 0.056 of an acre, or 227m². The below map shows the location of 24 MOORTOWN 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 24 MOORTOWN 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 24 MOORTOWN CLOSE?

24 MOORTOWN CLOSE is located in GRANTHAM, in the NG31 postcode district. The below map shows the position of No. 24 on MOORTOWN CLOSE.