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House Prices in NG31

The average house price in NG31 (Grantham) is £233,233 using HM Land Registry data.

The average property price increased by £63,819 (28.89%) over the last 5 years and increased by £12,758 (4.28%) over the last 12 months.

Over the last year, there were 504 residential property sales – a decrease of 248 transactions (-49.21%) relative to the previous year. The majority of house sales (121) were in the £110,000 - £164,000 range. Then came properties in the £164,000 - £218,000 range, where 117 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 64 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,308 (-2%).

In June 2024, there were 86 new estate agency instructions, 88 agreed home sales and 49 property price reductions.

5-Year Average Property Prices in NG31 (Grantham)

28.89%

Property prices in Grantham increased by 28.89% 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 NG31 (Grantham) Over the Last Year

4.28%

Property prices in Grantham increased by 4.28% 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 NG31 (Grantham) - June 2024

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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer 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 NG31 (Grantham)

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 NG31 (Grantham)

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 NG31 (Grantham)

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 NG31 (Grantham) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NG31 postcode area since 1995.

Recent Sales in NG31 (Grantham)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
28 Regency Gardens, Grantham, Lincolnshire, NG31 9JW	£210,000	£202,000	-£8,000	07 Feb 2024	13 May 2024	96 Days
21 Premier Court, Grantham, Lincolnshire, NG31 8FD	£125,000	£122,500	-£2,500	13 Dec 2023	03 May 2024	142 Days
8 Carnoustie Close, Grantham, Lincolnshire, NG31 9FF	£325,000	£312,500	-£12,500	29 Aug 2023	03 May 2024	248 Days
3 Hardwicke Close, Grantham, Lincolnshire, NG31 7BF	£130,000	£127,500	-£2,500	23 Apr 2023	01 May 2024	374 Days
31 Gorse Road, Grantham, Lincolnshire, NG31 9LH	£190,000	£185,000	-£5,000	12 Oct 2023	26 Apr 2024	197 Days
119 Manthorpe Road, Grantham, Lincolnshire, NG31 8DQ	£400,000	£390,000	-£10,000	25 Dec 2023	16 Apr 2024	113 Days
24 Nene Court, Grantham, Lincolnshire, NG31 7RD	£165,000	£163,000	-£2,000	14 Dec 2023	15 Apr 2024	123 Days
7 Meadow End, Grantham, Lincolnshire, NG31 7HF	£290,000	£290,000	£00	28 Nov 2023	04 Apr 2024	128 Days
23 Premier Court, Grantham, Lincolnshire, NG31 8FD	£125,000	£125,000	£00	22 Feb 2024	28 Mar 2024	35 Days
30 Harrowby Lane, Grantham, Lincolnshire, NG31 9HX	£450,000	£440,000	-£10,000	13 Nov 2023	28 Mar 2024	136 Days
107 Belton Lane, Grantham, Lincolnshire, NG31 9HW	£385,000	£366,000	-£19,000	28 Jun 2023	27 Mar 2024	273 Days
20 Anson Close, Grantham, Lincolnshire, NG31 7EN	£135,000	£132,500	-£2,500	12 Jul 2023	22 Mar 2024	254 Days
31 Lynden Avenue, Gonerby Hill Foot, Grantham, Lincolnshire, NG31 8JW	£220,000	£215,000	-£5,000	16 Jun 2023	15 Mar 2024	273 Days
16 The Knoll, Great Gonerby, Grantham, Lincolnshire, NG31 8JY	£275,000	£270,000	-£5,000	26 Dec 2023	14 Mar 2024	79 Days
20 Shanklin Drive, Grantham, Lincolnshire, NG31 7DR	£137,500	£137,500	£00	08 Jul 2023	14 Mar 2024	250 Days
34 Croft Drive, Grantham, Lincolnshire, NG31 9EB	£325,000	£290,000	-£35,000	22 Jun 2023	01 Mar 2024	253 Days
24 Sidney Street, Grantham, Lincolnshire, NG31 8AZ	£130,000	£127,000	-£3,000	08 Nov 2023	29 Feb 2024	113 Days
7 St Edmunds Court, Grantham, Lincolnshire, NG31 8SA	£102,500	£100,000	-£2,500	18 Aug 2023	26 Feb 2024	192 Days
29 Manchester Way, Grantham, Lincolnshire, NG31 8RR	£210,000	£205,000	-£5,000	30 Oct 2023	26 Feb 2024	119 Days
3 Dale Road, Grantham, Lincolnshire, NG31 8EF	£190,000	£186,000	-£4,000	09 Nov 2023	20 Feb 2024	103 Days

Most Expensive Streets in NG31 (Grantham)

Postcode	Street	Area	Average	No. of Sales
NG31 8NA	Belton Lane, Great Gonerby	Grantham	£591,400	5
NG31 9PP	Green Lane	Grantham	£571,666	6
NG31 8AF	Barrowby Road	Grantham	£566,666	3
NG31 8HT	Gonerby Road, Gonerby Hill Foot	Grantham	£551,720	6
NG31 8GY	Maplewood Close, Gonerby Hill Foot	Grantham	£551,666	3
NG31 8DH	Manthorpe Road	Grantham	£540,000	3
NG31 9PL	Belton Lane	Grantham	£536,666	3
NG31 7TN	Cold Harbour Lane	Grantham	£506,750	4
NG31 8LE	Green Street, Great Gonerby	Grantham	£490,000	5
NG31 8BN	Welby Gardens	Grantham	£483,916	6

Least Expensive Streets in NG31 (Grantham)

Postcode	Street	Area	Average	No. of Sales
NG31 7GQ	Arlington Gardens	Grantham	£63,937	4
NG31 7FD	Cromford Court	Grantham	£74,083	3
NG31 6DQ	Elton Place, Elton Street, Grantham	Grantham	£79,333	3
NG31 7DD	Dysart Road	Grantham	£88,500	4
NG31 6BS	Queen Street	Grantham	£88,812	8
NG31 8FP	Kesteven Court, New Street, Grantham	Grantham	£89,400	5
NG31 6QL	George Street	Grantham	£89,750	6
NG31 8PR	Sebastian Mews, Great Gonerby	Grantham	£91,250	4
NG31 7DH	Westbourne Place	Grantham	£91,700	5
NG31 8SA	St Edmunds Court	Grantham	£92,142	7