Detached
5
2573 sq ft
23%
PROPERTY VALUATION
£774,000
+£144,000 (23%)
Since last sold: May 2018
VALUATION RANGE
£747k - £801k
LOW | HIGH
Confidence: Medium
Update Property Condition
Property summary Last updated: 05/03/2024
Last updated: 05/03/2024
171 Manthorpe Road, Grantham is a 5 bedroom freehold detached house spread over 2,573 square feet, making it one of the bigger properties here - it is ranked as the 2nd most expensive property* in NG31 8DH, with a valuation of £774,000.
Since it last sold in May 2018 for £630,000, its value has increased by £144,000.
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Essential buying details
- We expect the property to sell for between £747k and £801k if no refurbishment work has been carried out.
- Built between 1900 and 1929, the property has sold four times over the last 25 years, with the longest owner staying for 11 years**.
- The property didn't turn out to be a great investment for the previous owner - returning on average 2.9% per annum.
- 94 detached houses have sold at an average price of £341,614 over the last 12 months (in the area coverring NG31 8).
23%
This property has increased in price by 23% since it last sold 5 years ago
30%
This property is 30% more expensive than average in Manthorpe Road, NG31 8DH
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Sale history
The most paid for a property in Manthorpe Road, NG31 8DH was £630,000 in 2018.
| Date | Price | Change |
|---|---|---|
| Today's value* | £774,000 | 22.9% |
| 25 May 2018 | £630,000 | 35.5% |
| 10 Aug 2007 | £465,000 | 132.5% |
| 24 Aug 2001 | £200,000 | 73.9% |
| 04 Mar 1997 | £115,000 | - |
Investment Performance
2.9%
Was It A Good Investment?
The previous owner had the property for 10 years, having purchased it in August 2007 for £465,000.
During this time, the price rose by £165,000 (35.5%), which equates to it increasing in value by 2.9% each year.
The property didn't turn out to be a great investment for the previous owner.
SOLD PROPERTY PRICES - NG31 8DH
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171 Manthorpe Road is moderately bigger than the average property in this postcode.
Valuation details
The most likely sale price is £774,000 but at the lower end we think it should fetch a minimum of £747,000.
On a cost per square foot basis, this property is valued at 6% more than the other houses in this postcode.
A higher cost per square foot can indicate that the property is in a better condition than the other properties or that it has a bigger garden (for more information see our valuation review) of this property.
If the property was previously purchased in a bad state of repair, making home improvements throughout could increase its sale price to £890,000.
This property has increased in price by £144,000 since it last sold in 2018 - this equates to a 3.6% rise each year.
If the property has been refurbished or extended since it was last purchased, tell us about any home improvements to get a revised valuation.
Mortgage repayment calculator
171 Manthorpe Road, Grantham is a 5 bedroom detached house with 2,573 square feet of internal space built between 1900 and 1929.
What condition is the property in?
- At a sale price of £774k, we expect this property to be in a similar condition to the neighbouring properties.
- At this valuation it has a cost per square foot of £300, which is comparable with the average for properties here.
- The average cost per square foot for property here is £284.
Cost per square foot valuation
- If we valued this property using the average cost per square foot (CPSF) - it would be worth £731k. For it to sell for this amount, we would expect it to be in a similar state decoratively to the average property here and also have a similar sized plot of land.
- Note: Properties that are in a better condition will sell for more money per square foot.
What does it cost to live here?
Prices start at:
£310k
Average house price:
£594k
Most expensive:
£780k
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- Property details
- Local market
- Regional prices
Property details
- Most likely sale price: £774,000
- Offers likely to be accepted between £747,000 and £801,000.
- Cost per squre foot: £300 (at a valuation of £774,000).
- 5 bedroom freehold detached house
- 2,573 square feet
- Property energy rating: 64
- Which is similar to the average for this postcode.
- A score of 100 is the best energy rating a property can be given.
- Compare this to other properties in NG31 8DH
The local market - NG31 8DH
- The average property price for this postcode is £594,000
- Prices here range from £310,000 to £780,000.
- Expect to pay £241 to £326 per square foot for property in NG31 8DH.
- 6 properties have sold in NG31 8DH over the last 5 years.
- The latest sale in NG31 8DH went for £580k on 05 May 2023.
- Manthorpe Road has 8 postcodes associated with it.
- The average price of property in Manthorpe Road is £396,212
- Property in Manthorpe Road typically sells for between £210 and £284 per square foot.
- Properties in Manthorpe Road are currently valued at an average cost per square foot of £247.
The property market across NG31 8
- The average price paid for a detached house in the area NG31 8 over the past year is £342k.
- Detached houses have been selling for £277 per square foot across NG31 8.
- 94 detached houses have sold over the last 12 months (in the area coverring NG31 8).
What does it cost to live in this area?
The local area
Recent sales in the surrounding roads
Searching for recent sales near here
What are some of the other properties worth?
The cheapest property here in NG31 8DH is valued at £310k.
At the top end, the most expensive property is worth £780k - this postcode has an average valuation of £594k.
| Property | Valuation | ||
|---|---|---|---|
 | 137 Manthorpe Road, Grantham 1087 sq.ft. | £310,000(+19% since 2019) | |
 | 167 Manthorpe Road, Grantham 5 bed | 1679 sq. ft. | £542,000(+29% since 2017) | |
| 161 Manthorpe Road, Grantham 2239 sq.ft. | £579,000 (-0% since 2023) | ||
| 147 Manthorpe Road, Grantham 2056 sq.ft. | £594,000(+9% since 2021) | ||
 | 145 Manthorpe Road, Grantham 4 bed | 2766 sq. ft. | £648,000(+20% since 2019) | |
 | 163A Manthorpe Road, Grantham 4 bed | 2852 sq. ft. | £655,000(+31% since 2020) | |
| 165 Manthorpe Road, Grantham 3251 sq.ft. | £703,000(+19% since 2019) | ||
 | 171 Manthorpe Road, Grantham 5 bed | 2573 sq. ft. | £774,000(+23% since 2018) |
Valuation accuracy
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