2, CARNOUSTIE CLOSE, GRANTHAM, NG31 9FF - £229,000

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 CARNOUSTIE CLOSE is a small detached house of 94m², which could now be worth an estimated £285,270. It was last sold for £229,000 in November 2019, which was around 24% below the average November 2019 detached price in the South Kesteven local authority area. The most recent EPC inspection was September 2008, where the current energy rating was C, and the potential energy rating was C.

2 CARNOUSTIE CLOSE Sold Prices

Land registry data shows three sales for 2 CARNOUSTIE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. All of the three 2 CARNOUSTIE 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
2019 13 NOV	£229,000	£300,489	24% below HPI
2016 30 SEP	£212,000	£266,034	20% below HPI
2006 6 NOV	£196,950	£228,223	14% below HPI

2 CARNOUSTIE 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 three 2 CARNOUSTIE CLOSE sales between November 2006 and November 2019 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 2016 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the November 2019 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 2 CARNOUSTIE CLOSE be worth now?

2 CARNOUSTIE CLOSE might now be worth an estimated £285,270.

This is based on house price inflation of 24.6%, between November 2019 and July 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 24.6% inflationary increase is applied to the most recent sale price for 2 CARNOUSTIE CLOSE of £229,000 on 13th November 2019. For the value to have increased from £229,000 to £285,270 over the seven years and four months to July 2026, the following assumptions must hold true:

• The value of 2 CARNOUSTIE CLOSE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The November 2019 sale price of £229,000 represented a fair market value for the property.
• The size, condition, and specification of 2 CARNOUSTIE CLOSE has not materially changed since November 2019.

How Large is 2 CARNOUSTIE CLOSE?

2 CARNOUSTIE CLOSE is 94m² according to the EPC inspection conducted in September 2008. This puts it in the smallest 40% of detached houses in Grantham, based on EPC data. The below chart shows the distribution of detached houses by size in Grantham, and where 2 CARNOUSTIE CLOSE lies on this distribution: 30% of detached houses are smaller than 2 CARNOUSTIE CLOSE, and 69% of detached houses are larger. Note that EPC data is not available for all properties in Grantham.

2 CARNOUSTIE CLOSE: Plot

2 CARNOUSTIE CLOSE sits on a plot of roughly 0.108 of an acre, or 438m².

Where is 2 CARNOUSTIE CLOSE?

2 CARNOUSTIE CLOSE is located in GRANTHAM, in the NG31 postcode district.