TRECARA, TYSON CLOSE, GRANTHAM, NG31 9HT - £260,000

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.

TRECARA is a very small detached house of 81m², built sometime between 1991 and 1995, which could now be worth an estimated £323,506. It was last sold for £260,000 in May 2019, which was around 12% below the average May 2019 detached price in the South Kesteven local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was B.

TRECARA Sold Prices

Land registry data shows two sales for TRECARA 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. Both of the two TRECARA 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 22 MAY	£260,000	£294,507	12% below HPI
2014 30 OCT	£225,000	£233,607	4% below HPI

TRECARA 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 two TRECARA sales from October 2014 and May 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 October 2014 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the May 2019 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might TRECARA be worth now?

TRECARA might now be worth an estimated £323,506.

This is based on house price inflation of 24.4%, between May 2019 and May 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 24.4% inflationary increase is applied to the most recent sale price for TRECARA of £260,000 on 22nd May 2019. For the value to have increased from £260,000 to £323,506 over the seven years to May 2026, the following assumptions must hold true:

• The value of TRECARA has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The May 2019 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of TRECARA has not materially changed since May 2019.

How Large is TRECARA?

TRECARA is 81m² according to the EPC inspection conducted in June 2014. This puts it in the smallest 20% of detached houses houses in Grantham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Grantham, and where TRECARA lies on this distribution: 19% of detached houses houses are smaller than TRECARA, and 80% of houses are larger. Note that EPC data is not available for all properties in Grantham.

TRECARA: Plot and Title Map

TRECARA sits on a plot of roughly 0.164 of an acre, or 663m². The below map shows the location of TRECARA, 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 TRECARA). 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 TRECARA?

TRECARA is located on TYSON CLOSE in GRANTHAM, in the NG31 postcode district. The below map shows the position of TRECARA on TYSON CLOSE.