40, CHELMSFORD DRIVE, GRANTHAM, NG31 8PF - £73,950

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.

40 CHELMSFORD DRIVE is a very small semi-detached house of 59m², built sometime between 1976 and 1982, which could now be worth an estimated £172,064. It was last sold for £73,950 in February 2003, which was around 27% below the average February 2003 semi-detached price in the South Kesteven local authority area. The most recent EPC inspection was September 2010, where the current energy rating was E, and the potential energy rating was C.

40 CHELMSFORD DRIVE Sold Prices

Land registry data shows two sales for 40 CHELMSFORD DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the South Kesteven local authority area for the corresponding sale date. Both of the two 40 CHELMSFORD DRIVE 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
2003 28 FEB	£73,950	£101,539	27% below HPI
1999 26 MAR	£38,950	£53,139	27% below HPI

40 CHELMSFORD DRIVE 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 two 40 CHELMSFORD DRIVE sales from March 1999 and February 2003 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 March 1999 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the February 2003 sale, which was also at 27% below the HPI.

What might 40 CHELMSFORD DRIVE be worth now?

40 CHELMSFORD DRIVE might now be worth an estimated £172,064.

This is based on house price inflation of 132.7%, between February 2003 and February 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 132.7% inflationary increase is applied to the most recent sale price for 40 CHELMSFORD DRIVE of £73,950 on 28th February 2003. For the value to have increased from £73,950 to £172,064 over the 22 years to February 2025, the following assumptions must hold true:

• The value of 40 CHELMSFORD DRIVE has moved in line with the HPI for semi-detached houses in the South Kesteven local authority area.
• The February 2003 sale price of £73,950 represented a fair market value for the property.
• The size, condition, and specification of 40 CHELMSFORD DRIVE has not materially changed since February 2003.

How Large is 40 CHELMSFORD DRIVE?

40 CHELMSFORD DRIVE is 59m² according to the EPC inspection conducted in September 2010. 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 40 CHELMSFORD DRIVE lies on this distribution: 4% of semi-detached houses houses are smaller than 40 CHELMSFORD DRIVE, and 96% of houses are larger. Note that EPC data is not available for all properties in Grantham.

40 CHELMSFORD DRIVE: Plot and Title Map

40 CHELMSFORD DRIVE sits on a plot of roughly 0.047 of an acre, or 189m². The below map shows the location of 40 CHELMSFORD DRIVE, 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 40 CHELMSFORD DRIVE). 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 40 CHELMSFORD DRIVE?

40 CHELMSFORD DRIVE is located in GRANTHAM, in the NG31 postcode district. The below map shows the position of No. 40 on CHELMSFORD DRIVE.