1, FORMBY CLOSE, GRANTHAM, NG31 9PD - £97,000

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.

1 FORMBY CLOSE is a detached house, which could now be worth an estimated £297,426. It was last sold for £97,000 in November 2001, which was around 19% below the average November 2001 detached price in the South Kesteven local authority area.

1 FORMBY CLOSE Sold Prices

Land registry data shows one sale for 1 FORMBY CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2001 12 NOV	£97,000	£119,508	19% below HPI

What might 1 FORMBY CLOSE be worth now?

1 FORMBY CLOSE might now be worth an estimated £297,426.

This is based on house price inflation of 206.6%, between November 2001 and May 2026, 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 206.6% inflationary increase is applied to the most recent sale price for 1 FORMBY CLOSE of £97,000 on 12th November 2001. For the value to have increased from £97,000 to £297,426 over the 25 years and six months to May 2026, the following assumptions must hold true:

• The value of 1 FORMBY CLOSE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The November 2001 sale price of £97,000 represented a fair market value for the property.
• The size, condition, and specification of 1 FORMBY CLOSE has not materially changed since November 2001.

Where is 1 FORMBY CLOSE?

1 FORMBY CLOSE is located in GRANTHAM, in the NG31 postcode district.