8, HOLLY CLOSE, GRANTHAM, NG31 7GU - £200,000

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 HOLLY CLOSE is a midsized extended terraced house of 105m², built sometime between 1983 and 1990, which could now be worth an estimated £206,025. It was last sold for £200,000 in June 2022, which was around 9% above the average June 2022 terraced price in the South Kesteven local authority area. The most recent EPC inspection was November 2021, where the current energy rating was C, and the potential energy rating was B.

8 HOLLY CLOSE Sold Prices

Land registry data shows four sales for 8 HOLLY CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the South Kesteven local authority area for the corresponding sale date. All of the four 8 HOLLY CLOSE 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
2022 10 JUN	£200,000	£183,887	9% above HPI
2015 25 JUN	£137,000	£123,226	11% above HPI
2010 28 MAY	£120,000	£108,201	11% above HPI
2002 25 FEB	£87,950	£55,814	58% above HPI

8 HOLLY CLOSE 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 four 8 HOLLY CLOSE sales between February 2002 and June 2022 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 June 2015 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the June 2022 sale, where it falls to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might 8 HOLLY CLOSE be worth now?

8 HOLLY CLOSE might now be worth an estimated £206,025.

This is based on house price inflation of 3%, between June 2022 and June 2025, 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 3% inflationary increase is applied to the most recent sale price for 8 HOLLY CLOSE of £200,000 on 10th June 2022. For the value to have increased from £200,000 to £206,025 over the three years to June 2025, the following assumptions must hold true:

• The value of 8 HOLLY CLOSE has moved in line with the HPI for terraced houses in the South Kesteven local authority area.
• The June 2022 sale price of £200,000 represented a fair market value for the property.
• The size, condition, and specification of 8 HOLLY CLOSE has not materially changed since June 2022.

How Large is 8 HOLLY CLOSE?

8 HOLLY CLOSE is 105m², which includes two extensions, according to the EPC inspection conducted in November 2021. This puts it in the smallest 50% 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 8 HOLLY CLOSE lies on this distribution: 43% of terraced houses houses are smaller than 8 HOLLY CLOSE, and 57% of houses are larger. Note that EPC data is not available for all properties in Grantham.

8 HOLLY CLOSE: Plot and Title Map

8 HOLLY CLOSE sits on a plot of roughly 0.039 of an acre, or 157m². The below map shows the location of 8 HOLLY 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 HOLLY 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 HOLLY CLOSE?

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