6, MILL DRIVE, GRANTHAM, NG31 6JL - £484,000

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.

6 MILL DRIVE is a very large detached house of 450m², built sometime between 1991 and 1995, which could now be worth an estimated £822,975. It was last sold for £484,000 in July 2010, which was around 123% above the average July 2010 detached price in the South Kesteven local authority area. The most recent EPC inspection was August 2009, where the current energy rating was D, and the potential energy rating was C.

6 MILL DRIVE Sold Prices

Land registry data shows three sales for 6 MILL DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. All of the three 6 MILL DRIVE 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
2010 28 JUL	£484,000	£216,684	123% above HPI
2001 7 DEC	£300,000	£120,308	149% above HPI
1998 12 FEB	£227,000	£80,590	182% above HPI

6 MILL DRIVE 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 three 6 MILL DRIVE sales between February 1998 and July 2010 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 December 2001 sale was for 149% above the HPI. So the extrapolation line tracks at 149% above the HPI over time, until the July 2010 sale, where it falls to 123% above the HPI. The line then continues to track at 123% above the HPI.

What might 6 MILL DRIVE be worth now?

6 MILL DRIVE might now be worth an estimated £822,975.

This is based on house price inflation of 70%, between July 2010 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 70% inflationary increase is applied to the most recent sale price for 6 MILL DRIVE of £484,000 on 28th July 2010. For the value to have increased from £484,000 to £822,975 over the fifteen years and one month to June 2025, the following assumptions must hold true:

• The value of 6 MILL DRIVE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The July 2010 sale price of £484,000 represented a fair market value for the property.
• The size, condition, and specification of 6 MILL DRIVE has not materially changed since July 2010.

How Large is 6 MILL DRIVE?

6 MILL DRIVE is 450m² according to the EPC inspection conducted in August 2009. This puts it in the largest 10% 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 6 MILL DRIVE lies on this distribution: More than 99% of detached houses houses are smaller than 6 MILL DRIVE, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Grantham.

6 MILL DRIVE: Plot and Title Map

6 MILL DRIVE sits on a plot of roughly 0.620 of an acre, or 2,511m². The below map shows the location of 6 MILL 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 6 MILL 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 6 MILL DRIVE?

6 MILL DRIVE is located in GRANTHAM, in the NG31 postcode district. The below map shows the position of No. 6 on MILL DRIVE.