4, BURROWS CLOSE, GRANTHAM, NG31 7WP - £188,500

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.

4 BURROWS CLOSE is a midsized terraced house of 112m², built sometime between 2007 and 2011, which could now be worth an estimated £218,479. It was last sold for £188,500 in August 2021, which was around 14% above the average August 2021 terraced price in the South Kesteven local authority area. The most recent EPC inspection was July 2022, where the current energy rating was C, and the potential energy rating was B.

4 BURROWS CLOSE Sold Prices

Land registry data shows two sales for 4 BURROWS CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the South Kesteven local authority area for the corresponding sale date. Both of the two 4 BURROWS CLOSE sales were for above 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 20 AUG	£188,500	£165,901	14% above HPI
2019 30 SEP	£169,000	£154,027	10% above HPI

4 BURROWS CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the South Kesteven local authority area over time, sourced from the HPI. The two 4 BURROWS CLOSE sales from September 2019 and August 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 September 2019 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the August 2021 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might 4 BURROWS CLOSE be worth now?

4 BURROWS CLOSE might now be worth an estimated £218,479.

This is based on house price inflation of 15.9%, between August 2021 and April 2026, for terraced 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 15.9% inflationary increase is applied to the most recent sale price for 4 BURROWS CLOSE of £188,500 on 20th August 2021. For the value to have increased from £188,500 to £218,479 over the five years and four months to April 2026, the following assumptions must hold true:

• The value of 4 BURROWS CLOSE has moved in line with the HPI for terraced houses in the South Kesteven local authority area.
• The August 2021 sale price of £188,500 represented a fair market value for the property.
• The size, condition, and specification of 4 BURROWS CLOSE has not materially changed since August 2021.

How Large is 4 BURROWS CLOSE?

4 BURROWS CLOSE is 112m² according to the EPC inspection conducted in July 2022. This puts it in the largest 50% of terraced houses houses in Grantham, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Grantham, and where 4 BURROWS CLOSE lies on this distribution: 51% of terraced houses houses are smaller than 4 BURROWS CLOSE, and 49% of houses are larger. Note that EPC data is not available for all properties in Grantham.

4 BURROWS CLOSE: Plot and Title Map

4 BURROWS CLOSE sits on a plot of roughly 0.028 of an acre, or 113m². The below map shows the location of 4 BURROWS 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 4 BURROWS 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 4 BURROWS CLOSE?

4 BURROWS CLOSE is located in GRANTHAM, in the NG31 postcode district. The below map shows the position of No. 4 on BURROWS CLOSE.