4, MENDIP CLOSE, GONERBY HILL FOOT, GRANTHAM, NG31 8GB - £227,500

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 MENDIP CLOSE is a large extended detached house of 135m², built sometime between 1991 and 1995, which could now be worth an estimated £327,984. It was last sold for £227,500 in March 2016, which was around 11% below the average March 2016 detached price in the South Kesteven local authority area. The most recent EPC inspection was July 2010, where the current energy rating was D, and the potential energy rating was C.

4 MENDIP CLOSE Sold Prices

Land registry data shows two sales for 4 MENDIP CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. Both of the two 4 MENDIP 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 4 MAR	£227,500	£255,562	11% below HPI
1999 4 JUN	£26,000	£88,159	71% below HPI

4 MENDIP 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 two 4 MENDIP CLOSE sales from June 1999 and March 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 June 1999 sale was for 71% below the HPI. So the extrapolation line tracks at 71% below the HPI over time, until the March 2016 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 4 MENDIP CLOSE be worth now?

4 MENDIP CLOSE might now be worth an estimated £327,984.

This is based on house price inflation of 44.2%, between March 2016 and June 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 44.2% inflationary increase is applied to the most recent sale price for 4 MENDIP CLOSE of £227,500 on 4th March 2016. For the value to have increased from £227,500 to £327,984 over the eight years and nine months to June 2025, the following assumptions must hold true:

• The value of 4 MENDIP CLOSE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The March 2016 sale price of £227,500 represented a fair market value for the property.
• The size, condition, and specification of 4 MENDIP CLOSE has not materially changed since March 2016.

How Large is 4 MENDIP CLOSE?

4 MENDIP CLOSE is 135m², which includes one extension, according to the EPC inspection conducted in July 2010. 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 4 MENDIP CLOSE lies on this distribution: 72% of detached houses houses are smaller than 4 MENDIP CLOSE, and 28% of houses are larger. Note that EPC data is not available for all properties in Grantham.

4 MENDIP CLOSE: Plot and Title Map

4 MENDIP CLOSE sits on a plot of roughly 0.131 of an acre, or 529m². The below map shows the location of 4 MENDIP 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 MENDIP 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 MENDIP CLOSE?

4 MENDIP CLOSE is located in GONERBY HILL FOOT, in the NG31 postcode district. The below map shows the position of No. 4 on MENDIP CLOSE.