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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
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According to the public record, 7, Formby Close, Grantham is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 1,602 ft2 of internal area and sits on a 419 m2 plot and a garden.
Houses of this size in this area normally have 4 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 7, Formby Close, Grantham is £361,528 and the estimated rental value is £1,184 per month.
Formby Close, Grantham, NG31 is located in the borough of South Kesteven within the NG31 postal district.
7, Formby Close, Grantham has a single entry in the Land Registry from February 2011 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 7, Formby Close, Grantham is in very good condition we estimate a sale value of £379,604 and a rental value of £1,243 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £336,221 and a rental value of £1,101 per month.
Over the last 12 months the sale value of 7 Formby Close Grantham has decreased by an estimated £7,829 (2.2%) and its rental value has increased by an estimated £30 per month (2.5%), giving an expected gross yield of 3.9%.
According to data from HM Land Registry, 7, Formby Close, Grantham sits on a plot of 419m2.
We have plot size data on 9 out of 10 other houses in the postcode and 7, Formby Close, Grantham sits on the 3rd largest plot.
According to HM Land Registry, 7, Formby Close, Grantham was last sold on 8th February 2011 for £202,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since February 2011, the market for similar properties has risen 54.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Formby Close, Grantham within a radius of 780 metres over the last 2 years.
The most recent example is 11, Braemar Close, Grantham, NG31 9PB, a freehold house which sold for £405,000 on the 5th December 2025.
Read more about house prices in NG31.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Formby Close, Grantham, NG31 has a total of 10 addresses. According to our analysis of all the public data, 7, Formby Close, Grantham is the largest and the most expensive property on the street.
When compared to the postcode district it is £147k more expensive than the average property in NG31.
The closest station to 7, Formby Close, Grantham is Grantham station which is 2.5 kilometres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 7, Formby Close, Grantham, 55.0% of property is privately owned outright and 36.4% is privately owned with a mortgage.
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 7, Formby Close, Grantham, 14.6% of residents are recorded as possessing school level qualifications and 37.3% 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 7, Formby Close, Grantham, the average age was 45.7 and the most common age was 57.
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 7, Formby Close, Grantham, 0.9% 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 7, Formby Close, Grantham, there are an average of 1.7 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
