3, LABURNUM CLOSE, GRANTHAM, NG31 9LS - £80,000

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.

3 LABURNUM CLOSE is a large extended flat of 65m², built sometime between 1976 and 1982, which could now be worth an estimated £89,414. It was last sold for £80,000 in January 2019, which was around 19% below the average January 2019 flat price in the South Kesteven local authority area. The most recent EPC inspection was April 2018, where the current energy rating was C, and the potential energy rating was C.

3 LABURNUM CLOSE Sold Prices

Land registry data shows three sales for 3 LABURNUM CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average flat price in the South Kesteven local authority area for the corresponding sale date. Two of the three 3 LABURNUM CLOSE sales were for below the average price, whilst one was 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
2019 8 JAN	£80,000	£99,149	19% below HPI
2001 18 DEC	£48,000	£42,471	13% above HPI
1998 7 DEC	£29,000	£30,282	4% below HPI

What might 3 LABURNUM CLOSE be worth now?

3 LABURNUM CLOSE might now be worth an estimated £89,414.

This is based on house price inflation of 11.8%, between January 2019 and May 2026, for flats, 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 11.8% inflationary increase is applied to the most recent sale price for 3 LABURNUM CLOSE of £80,000 on 8th January 2019. For the value to have increased from £80,000 to £89,414 over the six years and eight months to May 2026, the following assumptions must hold true:

• The value of 3 LABURNUM CLOSE has moved in line with the HPI for flats in the South Kesteven local authority area.
• The January 2019 sale price of £80,000 represented a fair market value for the property.
• The size, condition, and specification of 3 LABURNUM CLOSE has not materially changed since January 2019.

How Large is 3 LABURNUM CLOSE?

3 LABURNUM CLOSE is 65m², which includes two extensions, according to the EPC inspection conducted in April 2018. This puts it in the largest 30% of flats in Grantham, based on EPC data. 75% of flats are smaller than 3 LABURNUM CLOSE, and 23% of flats are larger. Note that EPC data is not available for all properties in Grantham.

3 LABURNUM CLOSE: Plot

3 LABURNUM CLOSE sits on a plot of roughly 0.017 of an acre, or 69m².

Where is 3 LABURNUM CLOSE?

3 LABURNUM CLOSE is located in GRANTHAM, in the NG31 postcode district.