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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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Public records show 8, Somerby Road, Grantham to be a mid-century freehold house with 1,399 ft2 of internal area, sitting on a 1,095 m2 plot.
In this area, houses of this size normally have 4 bedrooms with a garden.
8, Somerby Road, Grantham has an estimated sale value of £380,873 and an estimated rental value of £1,347 per month, assuming reasonable condition and based on the information available.
Somerby Road, Ropsley, Grantham, NG33 lies in the borough of South Kesteven, within the NG33 postal district.
8, Somerby Road, Grantham has a single entry in the Land Registry from August 2018 and a single entry in the EPC database dated April 2018.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
In very good condition, we estimate 8, Somerby Road, Grantham would be worth £399,916, with a potential rental value of £1,415 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £354,211, with a rental value of £1,253 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
The estimated sale value of 8, Somerby Road, Grantham has dropped by £13,837 (3.6%) over the last year. During the same period, its estimated monthly rental value has risen by £18 (1.3%). The property's estimated gross yield is currently 4.2%.
8, Somerby Road, Grantham occupies a 1,095 m2 plot as recorded by HM Land Registry.
Of the 8 other houses in this postcode, 5 have recorded plot sizes, and this one ranks as the 4th largest.
8, Somerby Road, Grantham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 20 Apr 2018.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, oil.
8, Somerby Road, Grantham last changed hands on 8th August 2018, selling for £300,000. The transaction was logged as a freehold house by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has risen by 12.0% since August 2018.
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 6.2 kilometres of 8, Somerby Road, Grantham across the last 2 years.
Most recently, 1A, The Chase, Grantham, NG33 4AN, a freehold house, sold at £380,000 on the 13th May 2022.
Read more about house prices in NG33.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our analysis of the public data ranks 8, Somerby Road, Grantham as the 7th largest and the 7th most expensive of the 11 addresses on Somerby Road, Ropsley, Grantham, NG33.
Against the NG33 postcode district average, it is £63k more expensive than the typical property.
Grantham station is the nearest stop to 8, Somerby Road, Grantham at 7.9 kilometres away.
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Environment Agency data suggests this area has a very low risk of flooding.
The recent census recorded whether a resident owned or rented their home.
In the area around 8, Somerby Road, Grantham, 59.9% of property is privately owned outright and 28.5% 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 8, Somerby Road, Grantham, 14.1% of residents are recorded as possessing school level qualifications and 38.5% 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 8, Somerby Road, 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 8, Somerby Road, Grantham, 0.7% 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 8, Somerby Road, Grantham, there are an average of 1.6 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
