83, SPRINGFIELD ROAD, GRANTHAM, NG31 7BG - £117,500

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.

83 SPRINGFIELD ROAD is a very small terraced house of 76m², built sometime between 1900 and 1929, which could now be worth an estimated £124,003. It was last sold for £117,500 in April 2023, which was around 36% below the average April 2023 terraced price in the South Kesteven local authority area. The most recent EPC inspection was July 2022, where the current energy rating was C, and the potential energy rating was B.

83 SPRINGFIELD ROAD Sold Prices

Land registry data shows five sales for 83 SPRINGFIELD ROAD since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the South Kesteven local authority area for the corresponding sale date. All of the five 83 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
2023 27 APR	£117,500	£182,202	36% below HPI
2015 15 MAY	£80,000	£119,705	33% below HPI
2013 13 MAR	£72,000	£108,278	34% below HPI
2009 13 FEB	£58,000	£105,415	45% below HPI
2003 11 JUL	£54,000	£81,669	34% below HPI

83 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 five 83 SPRINGFIELD ROAD sales between July 2003 and April 2023 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 2015 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the April 2023 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

What might 83 SPRINGFIELD ROAD be worth now?

83 SPRINGFIELD ROAD might now be worth an estimated £124,003.

This is based on house price inflation of 5.5%, between April 2023 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 5.5% inflationary increase is applied to the most recent sale price for 83 SPRINGFIELD ROAD of £117,500 on 27th April 2023. For the value to have increased from £117,500 to £124,003 over the three years to April 2026, the following assumptions must hold true:

• The value of 83 SPRINGFIELD ROAD has moved in line with the HPI for terraced houses in the South Kesteven local authority area.
• The April 2023 sale price of £117,500 represented a fair market value for the property.
• The size, condition, and specification of 83 SPRINGFIELD ROAD has not materially changed since April 2023.

How Large is 83 SPRINGFIELD ROAD?

83 SPRINGFIELD ROAD is 76m² according to the EPC inspection conducted in July 2022. This puts it in the smallest 20% 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 83 SPRINGFIELD ROAD lies on this distribution: 14% of terraced houses houses are smaller than 83 SPRINGFIELD ROAD, and 85% of houses are larger. Note that EPC data is not available for all properties in Grantham.

83 SPRINGFIELD ROAD: Plot and Title Map

83 SPRINGFIELD ROAD sits on a plot of roughly 0.021 of an acre, or 85m². The below map shows the location of 83 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 83 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 83 SPRINGFIELD ROAD?

83 SPRINGFIELD ROAD is located in GRANTHAM, in the NG31 postcode district. The below map shows the position of No. 83 on SPRINGFIELD ROAD.