7, RIBER CLOSE, GRANTHAM, NG31 8TU - £230,000

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.

7 RIBER CLOSE is a detached house, which could now be worth an estimated £358,784. It was last sold for £230,000 in January 2008, which was around 4% below the average January 2008 detached price in the South Kesteven local authority area.

7 RIBER CLOSE Sold Prices

Land registry data shows two sales for 7 RIBER CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. One of the two 7 RIBER CLOSE sales was for below the average price, whilst the other 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
2008 3 JAN	£230,000	£238,610	4% below HPI
2001 20 DEC	£148,995	£120,308	24% above HPI

What might 7 RIBER CLOSE be worth now?

7 RIBER CLOSE might now be worth an estimated £358,784.

This is based on house price inflation of 56%, between January 2008 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 56% inflationary increase is applied to the most recent sale price for 7 RIBER CLOSE of £230,000 on 3rd January 2008. For the value to have increased from £230,000 to £358,784 over the seventeen years and nine months to April 2026, the following assumptions must hold true:

• The value of 7 RIBER CLOSE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The January 2008 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 7 RIBER CLOSE has not materially changed since January 2008.

Where is 7 RIBER CLOSE?

7 RIBER CLOSE is located in GRANTHAM, in the NG31 postcode district.