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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
1, Welby Gardens, Grantham is recorded publicly as a period freehold house across 3,089 ft2 of internal area.
Locally, houses of this size normally have 5 bedrooms with a garden.
Our estimate of the sale value of 1, Welby Gardens, Grantham is £615,176 and its rental estimate is £2,100 per month, given the available information and assuming reasonable condition.
Welby Gardens, Grantham, NG31 falls within the NG31 postal district, in the borough of South Kesteven.
1, Welby Gardens, Grantham has a single entry in the Land Registry from August 2023 and a single entry in the EPC database dated April 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 1, Welby Gardens, Grantham, we estimate a market value of £645,935 and a rental value of £2,205 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £572,114 and £1,953 per month respectively.
Over the last year, 1, Welby Gardens, Grantham has seen its estimated sale value move down by £25,753 (4.2%) and its estimated rental value increase by £38 per month (1.8%). This results in an estimated gross rental yield of 4.1%.
1, Welby Gardens, Grantham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 01 Apr 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
The most recent sale of 1, Welby Gardens, Grantham completed on 24th August 2023 at £630,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 1.4% over the period since August 2023.
Over the past 2 years 3 properties similar to 1, Welby Gardens, Grantham have sold within a radius of 640 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 13th September 2021, was 10, Welby Gardens, Grantham, NG31 8BN, a freehold house which sold for £566,000.
Read more about house prices in NG31.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 26 addresses on Welby Gardens, Grantham, NG31, 1, Welby Gardens, Grantham comes out as the 6th largest and the 9th most expensive in our analysis of the public data.
It is also £405k more expensive than the average property across the NG31 district.
From 1, Welby Gardens, Grantham, the nearest station is Grantham, 1.3 kilometres away.
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
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The recent census recorded whether a resident owned or rented their home.
In the area around 1, Welby Gardens, Grantham, 35.2% of property is privately rented and 32.0% is socially rented.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 1, Welby Gardens, Grantham, 11.2% of residents are recorded as possessing school level qualifications and 27.0% as possessing degree level qualifications.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 1, Welby Gardens, Grantham, the average age was 43.7 and the most common age was 12.
The graph below shows how this compares to East Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 1, Welby Gardens, Grantham, 2.5% of property was a second home.
Comparison figures for East Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 1, Welby Gardens, Grantham, there are an average of 0.9 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
