2, FORMBY CLOSE, GRANTHAM, NG31 9PD - £205,000

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 FORMBY CLOSE is a very small detached house of 68m², built sometime between 1983 and 1990, which could now be worth an estimated £248,109. It was last sold for £205,000 in November 2020, which was around 33% below the average November 2020 detached price in the South Kesteven local authority area. The most recent EPC inspection was December 2017, where the current energy rating was D, and the potential energy rating was B.

2 FORMBY CLOSE Sold Prices

Land registry data shows one sale for 2 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
2020 19 NOV	£205,000	£307,542	33% below HPI

What might 2 FORMBY CLOSE be worth now?

2 FORMBY CLOSE might now be worth an estimated £248,109.

This is based on house price inflation of 21%, between November 2020 and April 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 21% inflationary increase is applied to the most recent sale price for 2 FORMBY CLOSE of £205,000 on 19th November 2020. For the value to have increased from £205,000 to £248,109 over the six years and seven months to April 2026, the following assumptions must hold true:

• The value of 2 FORMBY CLOSE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The November 2020 sale price of £205,000 represented a fair market value for the property.
• The size, condition, and specification of 2 FORMBY CLOSE has not materially changed since November 2020.

How Large is 2 FORMBY CLOSE?

2 FORMBY CLOSE is 68m² according to the EPC inspection conducted in December 2017. This puts it in the smallest 10% 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 FORMBY CLOSE lies on this distribution: 8% of detached houses are smaller than 2 FORMBY CLOSE, and 91% of detached houses are larger. Note that EPC data is not available for all properties in Grantham.

2 FORMBY CLOSE: Plot

2 FORMBY CLOSE sits on a plot of roughly 0.091 of an acre, or 368m².

Where is 2 FORMBY CLOSE?

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