7, MILL DRIVE, GRANTHAM, NG31 6JL - £60,000

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.

7 MILL DRIVE is a midsized semi-detached house of 115m², built sometime between 1996 and 2002, which could now be worth an estimated £107,322. It was last sold for £60,000 in October 2004, which was around 55% below the average October 2004 semi-detached price in the South Kesteven local authority area. The most recent EPC inspection was January 2020, where the current energy rating was D, and the potential energy rating was C.

7 MILL DRIVE Sold Prices

Land registry data shows two sales for 7 MILL 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. One of the two 7 MILL DRIVE sales was for below the average price, whilst the other was 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
2004 20 OCT	£60,000	£132,083	55% below HPI
1998 27 NOV	£117,500	£51,339	129% above HPI

7 MILL 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 7 MILL DRIVE sales from November 1998 and October 2004 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 November 1998 sale was for 129% above the HPI. So the extrapolation line tracks at 129% above the HPI over time, until the October 2004 sale, where it falls to 55% below the HPI. The line then continues to track at 55% below the HPI.

What might 7 MILL DRIVE be worth now?

7 MILL DRIVE might now be worth an estimated £107,322.

This is based on house price inflation of 78.9%, between October 2004 and May 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 78.9% inflationary increase is applied to the most recent sale price for 7 MILL DRIVE of £60,000 on 20th October 2004. For the value to have increased from £60,000 to £107,322 over the 22 years and five months to May 2026, the following assumptions must hold true:

• The value of 7 MILL DRIVE has moved in line with the HPI for semi-detached houses in the South Kesteven local authority area.
• The October 2004 sale price of £60,000 represented a fair market value for the property.
• The size, condition, and specification of 7 MILL DRIVE has not materially changed since October 2004.

How Large is 7 MILL DRIVE?

7 MILL DRIVE is 115m² according to the EPC inspection conducted in January 2020. This puts it in the largest 50% 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 7 MILL DRIVE lies on this distribution: 54% of semi-detached houses houses are smaller than 7 MILL DRIVE, and 45% of houses are larger. Note that EPC data is not available for all properties in Grantham.

7 MILL DRIVE: Plot and Title Map

7 MILL DRIVE sits on a plot of roughly 0.049 of an acre, or 197m². The below map shows the location of 7 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 7 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 7 MILL DRIVE?

7 MILL DRIVE is located in GRANTHAM, in the NG31 postcode district. The below map shows the position of No. 7 on MILL DRIVE.