76, SPRINGFIELD ROAD, GRANTHAM, NG31 7BE - £115,000

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.

76 SPRINGFIELD ROAD is a very small terraced house of 68m², built sometime between 1967 and 1975, which could now be worth an estimated £133,344. It was last sold for £115,000 in April 2021, which was around 31% below the average April 2021 terraced price in the South Kesteven local authority area. The most recent EPC inspection was May 2017, where the current energy rating was C, and the potential energy rating was B.

76 SPRINGFIELD ROAD Sold Prices

Land registry data shows three sales for 76 SPRINGFIELD ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the South Kesteven local authority area for the corresponding sale date. All of the three 76 SPRINGFIELD 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
2021 30 APR	£115,000	£165,833	31% below HPI
2014 16 MAY	£62,950	£114,791	45% below HPI
1997 11 JUL	£30,500	£35,917	15% below HPI

76 SPRINGFIELD ROAD Price Paid vs. HPI Average

The below graph shows the average terraced house price in the South Kesteven local authority area over time, sourced from the HPI. The three 76 SPRINGFIELD ROAD sales between July 1997 and April 2021 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 May 2014 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the April 2021 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 76 SPRINGFIELD ROAD be worth now?

76 SPRINGFIELD ROAD might now be worth an estimated £133,344.

This is based on house price inflation of 16%, between April 2021 and April 2026, for terraced 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 16% inflationary increase is applied to the most recent sale price for 76 SPRINGFIELD ROAD of £115,000 on 30th April 2021. For the value to have increased from £115,000 to £133,344 over the five years to April 2026, the following assumptions must hold true:

• The value of 76 SPRINGFIELD ROAD has moved in line with the HPI for terraced houses in the South Kesteven local authority area.
• The April 2021 sale price of £115,000 represented a fair market value for the property.
• The size, condition, and specification of 76 SPRINGFIELD ROAD has not materially changed since April 2021.

How Large is 76 SPRINGFIELD ROAD?

76 SPRINGFIELD ROAD is 68m² according to the EPC inspection conducted in May 2017. This puts it in the smallest 10% of terraced houses houses in Grantham, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Grantham, and where 76 SPRINGFIELD ROAD lies on this distribution: 8% of terraced houses houses are smaller than 76 SPRINGFIELD ROAD, and 91% of houses are larger. Note that EPC data is not available for all properties in Grantham.

76 SPRINGFIELD ROAD: Plot and Title Map

76 SPRINGFIELD ROAD sits on a plot of roughly 0.052 of an acre, or 212m². The below map shows the location of 76 SPRINGFIELD 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 76 SPRINGFIELD 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 76 SPRINGFIELD ROAD?

76 SPRINGFIELD ROAD is located in GRANTHAM, in the NG31 postcode district. The below map shows the position of No. 76 on SPRINGFIELD ROAD.