53, SECOND AVENUE, GRANTHAM, NG31 9TP - £154,950

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.

53 SECOND AVENUE is a very small semi-detached house of 63m², built sometime between 1996 and 2002, which could now be worth an estimated £198,236. It was last sold for £154,950 in July 2019, which was around 17% below the average July 2019 semi-detached price in the South Kesteven local authority area. The most recent EPC inspection was March 2019, where the current energy rating was D, and the potential energy rating was B.

53 SECOND AVENUE Sold Prices

Land registry data shows two sales for 53 SECOND AVENUE 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 53 SECOND AVENUE 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
2019 19 JUL	£154,950	£187,425	17% below HPI
2014 10 OCT	£120,500	£148,051	19% below HPI

53 SECOND AVENUE 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 53 SECOND AVENUE sales from October 2014 and July 2019 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 October 2014 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the July 2019 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 53 SECOND AVENUE be worth now?

53 SECOND AVENUE might now be worth an estimated £198,236.

This is based on house price inflation of 27.9%, between July 2019 and April 2026, 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 27.9% inflationary increase is applied to the most recent sale price for 53 SECOND AVENUE of £154,950 on 19th July 2019. For the value to have increased from £154,950 to £198,236 over the seven years and three months to April 2026, the following assumptions must hold true:

• The value of 53 SECOND AVENUE has moved in line with the HPI for semi-detached houses in the South Kesteven local authority area.
• The July 2019 sale price of £154,950 represented a fair market value for the property.
• The size, condition, and specification of 53 SECOND AVENUE has not materially changed since July 2019.

How Large is 53 SECOND AVENUE?

53 SECOND AVENUE is 63m² according to the EPC inspection conducted in March 2019. 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 53 SECOND AVENUE lies on this distribution: 6% of semi-detached houses houses are smaller than 53 SECOND AVENUE, and 94% of houses are larger. Note that EPC data is not available for all properties in Grantham.

53 SECOND AVENUE: Plot and Title Map

53 SECOND AVENUE sits on a plot of roughly 0.049 of an acre, or 197m². The below map shows the location of 53 SECOND AVENUE, 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 53 SECOND AVENUE). 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 53 SECOND AVENUE?

53 SECOND AVENUE is located in GRANTHAM, in the NG31 postcode district. The below map shows the position of No. 53 on SECOND AVENUE.