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House Prices in DN31

The average house price in DN31 (Grimsby) is £85,166 using HM Land Registry data.

The average property price increased by £21,294 (34.23%) over the last 5 years and increased by £4,266 (4.89%) over the last 12 months.

Over the last year, there were 94 residential property sales – a decrease of 60 transactions (-63.83%) relative to the previous year. The majority of house sales (23) were in the £76,000 - £94,000 range. Then came properties in the £58,000 - £76,000 range, where 22 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 87 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-3,270 (-4%).

In Oct 24, there were 27 new estate agency instructions, 26 agreed home sales and 21 property price reductions.

5-Year Average Property Prices in DN31 (Grimsby)

34.23%

Property prices in Grimsby increased by 34.23% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in DN31 (Grimsby) Over the Last Year

4.89%

Property prices in Grimsby increased by 4.89% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for DN31 (Grimsby) - Oct 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in DN31 (Grimsby)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in DN31 (Grimsby)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in DN31 (Grimsby)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the DN31 (Grimsby) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the DN31 postcode area since 1995.

Recent Sales in DN31 (Grimsby)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
155 Lord Street, Grimsby, North East Lincolnshire, DN31 2NH	£79,950	£74,500	-£5,450	21 Feb 2024	23 Aug 2024	184 Days
66 Elsenham Road, Grimsby, North East Lincolnshire, DN31 2QR	£45,000	£40,000	-£5,000	03 Jun 2024	16 Aug 2024	74 Days
59 Frederick Street, Grimsby, North East Lincolnshire, DN31 1XQ	£120,000	£118,000	-£2,000	10 May 2024	16 Aug 2024	98 Days
11 Bowers Avenue, Grimsby, North East Lincolnshire, DN31 2BG	£99,950	£95,000	-£4,950	22 Mar 2024	19 Jul 2024	119 Days
48 Henry Street, Grimsby, North East Lincolnshire, DN31 2JA	£110,000	£95,000	-£15,000	26 Apr 2024	17 Jun 2024	52 Days
40 Lawson Avenue, Grimsby, North East Lincolnshire, DN31 2EN	£78,950	£75,000	-£3,950	06 Dec 2023	03 Jun 2024	180 Days
3 Alexandra Wharf, Grimsby, North East Lincolnshire, DN31 1TQ	£50,000	£45,000	-£5,000	10 Oct 2023	31 May 2024	234 Days
23 Waterside Drive, Grimsby, North East Lincolnshire, DN31 1RY	£92,000	£88,000	-£4,000	18 Sep 2023	24 May 2024	249 Days
1 St Leonards Avenue, Grimsby, North East Lincolnshire, DN31 2BW	£130,000	£128,500	-£1,500	05 Dec 2023	29 Apr 2024	146 Days
97 Armstrong Street, Grimsby, North East Lincolnshire, DN31 2QQ	£50,000	£37,500	-£12,500	06 Feb 2024	25 Apr 2024	79 Days
6 Saunders Street, Grimsby, North East Lincolnshire, DN31 2HP	£59,950	£48,000	-£11,950	09 Feb 2024	23 Apr 2024	74 Days
18 Clark Avenue, Grimsby, North East Lincolnshire, DN31 2BQ	£75,000	£68,000	-£7,000	28 Oct 2022	12 Apr 2024	532 Days
93 Boulevard Avenue, Grimsby, North East Lincolnshire, DN31 2JJ	£72,950	£72,000	-£950	19 Dec 2023	08 Apr 2024	111 Days
1 Tyler Avenue, Grimsby, North East Lincolnshire, DN31 2BJ	£114,950	£112,000	-£2,950	21 Jun 2023	28 Mar 2024	281 Days
17 Henry Street, Grimsby, North East Lincolnshire, DN31 2JB	£75,000	£70,000	-£5,000	03 Nov 2023	28 Mar 2024	146 Days
72 James Street, Grimsby, North East Lincolnshire, DN31 2JE	£79,500	£77,000	-£2,500	13 Nov 2023	13 Mar 2024	121 Days
4 Queens Parade, Grimsby, North East Lincolnshire, DN31 2LE	£240,000	£236,000	-£4,000	07 Mar 2023	11 Mar 2024	370 Days
221 Corporation Road, Grimsby, North East Lincolnshire, DN31 2PZ	£69,950	£64,000	-£5,950	06 Oct 2023	16 Feb 2024	133 Days
165 Corporation Road, Grimsby, North East Lincolnshire, DN31 2PY	£59,950	£50,000	-£9,950	12 Aug 2023	16 Feb 2024	188 Days
35 Gilbey Road, Grimsby, North East Lincolnshire, DN31 2RL	£70,000	£70,000	£00	28 Sep 2023	19 Jan 2024	113 Days

Most Expensive Streets in DN31 (Grimsby)

Postcode	Street	Area	Average	No. of Sales
DN31 2FN	Freshney Way	Grimsby	£167,245	14
DN31 2FG	Cromwell Close	Grimsby	£162,995	6
DN31 2FB	Sidings Road	Grimsby	£155,334	28
DN31 2FA	Sidings Road	Grimsby	£154,192	43
DN31 2FJ	Allotment Way	Grimsby	£140,865	27
DN31 2FF	West Marsh Close	Grimsby	£119,162	15
DN31 1XQ	Frederick Street	Grimsby	£111,333	6
DN31 2BW	St Leonards Avenue	Grimsby	£106,190	5
DN31 2BP	St Francis Avenue	Grimsby	£102,375	4
DN31 2BX	Cromwell Road	Grimsby	£100,666	3

Least Expensive Streets in DN31 (Grimsby)

Postcode	Street	Area	Average	No. of Sales
DN31 2EU	Thorgam Court	Grimsby	£32,400	5
DN31 1RD	Alexandra Road	Grimsby	£36,140	5
DN31 2DH	Lincoln Boulevard	Grimsby	£36,316	3
DN31 2HP	Saunders Street	Grimsby	£40,999	3
DN31 1XR	Ravenspurn Way	Grimsby	£42,190	6
DN31 2QS	Elsenham Road	Grimsby	£42,888	9
DN31 2HH	Dover Street	Grimsby	£44,625	4
DN31 2QZ	Stortford Street	Grimsby	£45,500	5
DN31 2QR	Elsenham Road	Grimsby	£46,333	6
DN31 2QB	Corporation Road	Grimsby	£47,333	3