8, FORMBY CLOSE, GRANTHAM, NG31 9PD - £216,000

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.

8 FORMBY CLOSE is a large detached house of 130m², built sometime between 1983 and 1990, which could now be worth an estimated £350,229. It was last sold for £216,000 in January 2014, which was around 4% below the average January 2014 detached price in the South Kesteven local authority area. The most recent EPC inspection was July 2013, where the current energy rating was D, and the potential energy rating was C.

8 FORMBY CLOSE Sold Prices

Land registry data shows two sales for 8 FORMBY CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. Both of the two 8 FORMBY CLOSE 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
2014 10 JAN	£216,000	£226,054	4% below HPI
2006 22 SEP	£195,500	£230,915	15% below HPI

8 FORMBY CLOSE 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 two 8 FORMBY CLOSE sales from September 2006 and January 2014 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 September 2006 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the January 2014 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 8 FORMBY CLOSE be worth now?

8 FORMBY CLOSE might now be worth an estimated £350,229.

This is based on house price inflation of 62.1%, between January 2014 and March 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 62.1% inflationary increase is applied to the most recent sale price for 8 FORMBY CLOSE of £216,000 on 10th January 2014. For the value to have increased from £216,000 to £350,229 over the ten years and ten months to March 2025, the following assumptions must hold true:

• The value of 8 FORMBY CLOSE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The January 2014 sale price of £216,000 represented a fair market value for the property.
• The size, condition, and specification of 8 FORMBY CLOSE has not materially changed since January 2014.

How Large is 8 FORMBY CLOSE?

8 FORMBY CLOSE is 130m² according to the EPC inspection conducted in July 2013. This puts it in the largest 40% 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 8 FORMBY CLOSE lies on this distribution: 69% of detached houses houses are smaller than 8 FORMBY CLOSE, and 30% of houses are larger. Note that EPC data is not available for all properties in Grantham.

8 FORMBY CLOSE: Plot and Title Map

8 FORMBY CLOSE sits on a plot of roughly 0.125 of an acre, or 505m². The below map shows the location of 8 FORMBY CLOSE, 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 8 FORMBY CLOSE). 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 8 FORMBY CLOSE?

8 FORMBY CLOSE is located in GRANTHAM, in the NG31 postcode district. The below map shows the position of No. 8 on FORMBY CLOSE.