2, ARRAN CLOSE, GREYLEES, SLEAFORD, NG34 8FY - £176,000

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.

2 ARRAN CLOSE is a midsized terraced house of 96m², built sometime between 2007 and 2011, which could now be worth an estimated £214,764. It was last sold for £176,000 in February 2020, which was around 28% above the average February 2020 terraced price in the North Kesteven local authority area. The most recent EPC inspection was August 2019, where the current energy rating was C, and the potential energy rating was B.

2 ARRAN CLOSE Sold Prices

Land registry data shows five sales for 2 ARRAN CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the North Kesteven local authority area for the corresponding sale date. All of the five 2 ARRAN 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
2020 27 FEB	£176,000	£137,621	28% above HPI
2013 14 JUN	£125,000	£104,139	20% above HPI
2009 18 DEC	£137,000	£101,691	35% above HPI
2009 18 DEC	£131,500	£101,691	29% above HPI
2007 30 MAY	£145,345	£111,071	31% above HPI

What might 2 ARRAN CLOSE be worth now?

2 ARRAN CLOSE might now be worth an estimated £214,764.

This is based on house price inflation of 22%, between February 2020 and May 2026, for terraced houses, in the North Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 22% inflationary increase is applied to the most recent sale price for 2 ARRAN CLOSE of £176,000 on 27th February 2020. For the value to have increased from £176,000 to £214,764 over the five years and nine months to May 2026, the following assumptions must hold true:

• The value of 2 ARRAN CLOSE has moved in line with the HPI for terraced houses in the North Kesteven local authority area.
• The February 2020 sale price of £176,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ARRAN CLOSE has not materially changed since February 2020.

How Large is 2 ARRAN CLOSE?

2 ARRAN CLOSE is 96m² according to the EPC inspection conducted in August 2019. This puts it in the smallest 50% of terraced houses in Greylees, based on EPC data. The below chart shows the distribution of terraced houses by size in Greylees, and where 2 ARRAN CLOSE lies on this distribution: 46% of terraced houses are smaller than 2 ARRAN CLOSE, and 54% of terraced houses are larger. Note that EPC data is not available for all properties in Greylees.

2 ARRAN CLOSE: Plot

2 ARRAN CLOSE sits on a plot of roughly 0.019 of an acre, or 77m².

Where is 2 ARRAN CLOSE?

2 ARRAN CLOSE is located in GREYLEES, in the NG34 postcode district.