55, REDCLIFFE ROAD, GRANTHAM, NG31 8EB - £175,000

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.

55 REDCLIFFE ROAD is a very small semi-detached house of 63m², built sometime between 1950 and 1966, which could now be worth an estimated £218,250. It was last sold for £175,000 in August 2018, which was around 8% below the average August 2018 semi-detached price in the South Kesteven local authority area. The most recent EPC inspection was September 2014, where the current energy rating was D, and the potential energy rating was B.

55 REDCLIFFE ROAD Sold Prices

Land registry data shows two sales for 55 REDCLIFFE ROAD 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 55 REDCLIFFE ROAD 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
2018 17 AUG	£175,000	£189,439	8% below HPI
2014 31 OCT	£130,000	£148,051	12% below HPI

55 REDCLIFFE ROAD 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 55 REDCLIFFE ROAD sales from October 2014 and August 2018 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 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the August 2018 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 55 REDCLIFFE ROAD be worth now?

55 REDCLIFFE ROAD might now be worth an estimated £218,250.

This is based on house price inflation of 24.7%, between August 2018 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 24.7% inflationary increase is applied to the most recent sale price for 55 REDCLIFFE ROAD of £175,000 on 17th August 2018. For the value to have increased from £175,000 to £218,250 over the seven years and six months to February 2025, the following assumptions must hold true:

• The value of 55 REDCLIFFE ROAD has moved in line with the HPI for semi-detached houses in the South Kesteven local authority area.
• The August 2018 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 55 REDCLIFFE ROAD has not materially changed since August 2018.

How Large is 55 REDCLIFFE ROAD?

55 REDCLIFFE ROAD is 63m² according to the EPC inspection conducted in September 2014. 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 55 REDCLIFFE ROAD lies on this distribution: 6% of semi-detached houses houses are smaller than 55 REDCLIFFE ROAD, and 94% of houses are larger. Note that EPC data is not available for all properties in Grantham.

55 REDCLIFFE ROAD: Plot and Title Map

55 REDCLIFFE ROAD sits on a plot of roughly 0.083 of an acre, or 335m². The below map shows the location of 55 REDCLIFFE ROAD, 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 55 REDCLIFFE ROAD). 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 55 REDCLIFFE ROAD?

55 REDCLIFFE ROAD is located in GRANTHAM, in the NG31 postcode district. The below map shows the position of No. 55 on REDCLIFFE ROAD.