THE OLD ART SCHOOL, ABBEY LANE, SEDGEBROOK, GRANTHAM, NG32 2EY - £385,000

THE OLD ART SCHOOL is a midsized extended detached house of 133m², built sometime between 2003 and 2006. It was last sold for £385,000 in March 2011, which was around 83% above the average March 2011 detached price in the South Kesteven local authority area. The most recent EPC inspection was May 2010, where the current energy rating was C, and the potential energy rating was C.

THE OLD ART SCHOOL Sold Prices

Land registry data shows three sales for THE OLD ART SCHOOL 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. Two of the three THE OLD ART SCHOOL sales were for above the average price, whilst one was 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
2011 1 MAR	£385,000	£210,204	83% above HPI
2007 9 JUL	£450,000	£239,498	88% above HPI
2001 21 DEC	£106,000	£122,322	13% below HPI

THE OLD ART SCHOOL 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 THE OLD ART SCHOOL sales between December 2001 and March 2011 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 July 2007 sale was for 88% above the HPI. So the extrapolation line tracks at 88% above the HPI over time, until the March 2011 sale, where it falls to 83% above the HPI. The line then continues to track at 83% above the HPI.

How Large is THE OLD ART SCHOOL?

THE OLD ART SCHOOL is 133m², which includes one extension, according to the EPC inspection conducted in May 2010. This puts it in the smallest 50% of detached houses in Sedgebrook, based on EPC data. The below chart shows the distribution of detached houses by size in Sedgebrook, and where THE OLD ART SCHOOL lies on this distribution: 41% of detached houses are smaller than THE OLD ART SCHOOL, and 59% of houses are larger. Note that EPC data is not available for all properties in Sedgebrook.

THE OLD ART SCHOOL: Plot and Title Map

THE OLD ART SCHOOL sits on a plot of roughly 0.183 of an acre, or 742m². The below map shows the location of THE OLD ART SCHOOL, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of THE OLD ART SCHOOL). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is THE OLD ART SCHOOL?

THE OLD ART SCHOOL is located on ABBEY LANE in SEDGEBROOK, in the NG32 postcode district. The below map shows the position of THE OLD ART SCHOOL on ABBEY LANE.