Property profile

2 Formby Close

Map showing 2, Formby Close, Grantham

Property Price
150k200k250k300k400k500k750k1.5M

Estimated sale price

£245,000

Detached sold in Belmont

The box shows the middle 50% of detached sale prices, the whiskers show the 5th to 95th percentile, and the marker shows this property's estimated price.

Half of similar homes sold within the box; most sold within the wider line.

An indicative model estimate, not a survey or formal valuation.

This property vs market

Last sold19 Nov 2020
£205,000Change since last sale: +£42,000 (+21%)
Annualised change
+3.2% per yearSouth Kesteven annualised change (detached) since 2020: +3.7% per yearThis property's value is moving in line with the market
Price per sq ftLocal median £263 per sq ft
£338 per sq ftEstimate vs local median: +£75 per sq ft (+28%)
Local sold pricesMedian for detached in Belmont
£277,500Estimate vs local median: −£30,000 (−11%)
How this estimate is calculated

Area360's automated valuation uses available property details, recorded sales and local market data to estimate a sale price. This automated estimate is a guide, not a survey, mortgage valuation or formal valuation. See the valuation methodology and limitations.

Estimate calculated .

Property facts

Property typeBungalow / Detached
TenureFreehold
Construction period1983-1990
Floor area68 m² / 732 sq ft
Rooms5 habitable / 5 heated
EPC ratingD
EPC inspection19 Dec 2017

Sales history

DatePriceChange
19 Nov 2020£205,000-

Local market

Property prices in Belmont

Median price: £210,000
Price per sq ft: £255
Sales (last 12 months): 69
Typical range (middle 50%): £182K – £260K

Based on 69 recent sales, the median property price is £210,000 (about £255 per square foot) in Belmont area, with individual transactions ranging from £105,000 up to £485,000.

Prices by property typelast 12 months

Median sale price, median price per square foot, sales count, and percentile information for each property type in Belmont over the last year.
TypeSalesMedian£/sq ft
Detached27£277,500£263
Semi-Detached33£195,000£245
Terraced9£160,000£266

10-year price trendmedian sale price in Belmont

Sale price

Ten year median sale price trend for each property type in Belmont.
YearDetachedSemi-DetachedTerraced
2016£210,000£134,500£117,500
2017£200,000£149,000£124,500
2018£217,000£152,000£121,500
2019£210,000£152,000£126,750
2020£239,000£155,000£135,975
2021£240,000£172,500£163,000
2022£261,190£182,250£164,750
2023£267,000£171,000£158,500
2024£271,200£185,500£148,000
2025£292,500£207,000£160,000
2026£271,250£188,500£163,500
Ten year median sale price trend for each property type in Belmont.

Price per sq ft

Ten year median sale price per square foot trend for each property type in Belmont.
YearDetachedSemi-DetachedTerraced
2016£186£194£192
2017£198£190£186
2018£203£202£193
2019£209£198£183
2020£211£211£197
2021£236£220£211
2022£273£255£249
2023£262£239£248
2024£265£238£221
2025£265£250£244
2026£264£244£266
Ten year median sale price per square foot trend for each property type in Belmont.

Price distribution by property typelast 12 months

Price distribution by property type for Belmont in the last year.

Recent sales

There were 34 recent sold properties in the last 18 months near NG31 9PD.

Recent sold properties in the last 18 months near NG31 9PD
DateAddressTypeTenurePriceMap
05 Dec 202511, Braemar Close, Grantham, NG31 9PBDetachedFreehold£405,000
30 May 20258, Braemar Close, Grantham, NG31 9PBDetachedFreehold£355,000
25 Apr 202510, Braemar Close, Grantham, NG31 9PBDetachedFreehold£425,000
30 May 20254, Walton Heath Close, Grantham, NG31 9PNDetachedFreehold£320,000
30 Jan 20267, Gleneagles, Grantham, NG31 9QJDetachedFreehold£260,000

Other properties at this postcode

AddressTenureFloor areaLast sale
4, Formby Close, GranthamFreehold127 m²£200,000 (2014)
5 Formby Close, GranthamFreehold121 m²£79,500 (1996)
7, Formby Close, GranthamFreehold120 m²£202,000 (2011)
8, Formby Close, GranthamFreehold130 m²£216,000 (2014)

Area insights for NG31 9PD

Full area profile →

Overview

Postcode NG31 9PD is located in an urban city, within the Belmont area of South Kesteven in the East Midlands region, and forms part of the Corby Glen, Ropsley & Grantham Outskirts area. It has very low deprivation and very low crime levels, with around 25 crimes per 1,000 residents per year, about 74% below the East Midlands average of 96 per 1,000. The average income per household in Corby Glen, Ropsley & Grantham Outskirts is £52,987 per year. The median sale price in Belmont is £210,000 (around £255 per square foot), with typical sale prices between £182,000 and £260,000. The nearest station is Grantham, about 1.6 miles away. There are 6 primary and 2 secondary schools in the area.

Crime rate
2/10
Crimes per 1k residents
25
Deprivation level
2/10
Income level
7/10
Social housing
0%
Connectivity
N/A
Flood Risk
No risk
Noise Level
No noise

Deprivation level

2/10

Corby Glen, Ropsley & Grantham Outskirts has a very low level of deprivation, ranked at position 28,908 out of 32,844 areas in England, placing it within the bottom 12% least deprived areas in England.

Crime level

2/10

Corby Glen, Ropsley & Grantham Outskirts has a very low crime rate, with approximately 25 reported incidents per 1,000 population each year.

Social housing

0%

Approximately 0.0% of homes on this street are social housing provided by a local council or housing association. Across the surrounding area, around 5.2% of dwellings are socially rented.

Income level

7/10

The average income per household in Corby Glen, Ropsley & Grantham Outskirts is £52,987 per year.

Noise Level

No noise

No significant noise sources from railways or roads near NG31 9PD.

Flood risk

No risk

Corby Glen, Ropsley & Grantham Outskirts near NG31 9PD has no flood risk (less than 0.1% chance of a flood each year) from rivers and sea.

Transport

The nearest station is Grantham located about 1.6 miles away. There are no other stations nearby.

Parks

No parks nearby

Area Profile

Population
332
Population density
1,644.2 per km²

Crime

Crime per 1,000 population

Violence and sexual offences
13.74(-60%)
Anti-social behaviour
8.12(-52%)
Vehicle crime
3.75(-9%)
Criminal damage and arson
3.12(-58%)
Public order
1.87(-73%)
East Midlands average

Demographics

Ethnic groups

British
307
93.03%
Other White
11
3.33%
Other Mixed or Multiple ethnic groups
5
1.52%
Caribbean
4
1.21%
Chinese
1
0.3%
Total population: 330

Economics

Education (age 16+)

Level 4+ (Degree)
103
37.32%
Level 3 (A level)
51
18.48%
Level 2 (GCSEs 9-4)
42
15.22%
Level 1 (GCSEs 3-1)
31
11.23%
No qualifications
29
10.51%
Total 16+ residents: 276

Housing

Housing tenure

Owns outright
77
55%
Owns with a mortgage
51
36.43%
Private landlord or letting agency
10
7.14%
Other forms of private rent
2
1.43%
Total households: 140

Schools

In the NG31 9PD postcode area, located within Corby Glen, Ropsley & Grantham Outskirts, there are 6 primary and 2 secondary schools in close proximity.

Ratings include official Ofsted judgements and Area360 summaries of inspection grades. Open a school’s inspection details to see the full breakdown.

Nearby schools for NG31 9PD
DistancePhaseNameTypeRatingLinks
0.1 miPrimaryBelton Lane Community Primary SchoolCommunity school
0.5 miPrimaryThe Harrowby Church of England Primary SchoolAcademy converter
0.7 miSecondaryThe Priory Ruskin AcademyAcademy sponsor led

Local amenities

1 nearby supermarkets & convenience stores within 0.5 mi of NG31 9PD

Nearby supermarkets & convenience stores for NG31 9PD
DistanceNameAddressDirections
0.5 miSunningdale Stores95 Sunningdale, Grantham, NG31 9SBWalking directions to Sunningdale Stores