FREEPHONE 0800 044 3733 Lines Open 24/7
FREE Cash Offer CALL US on FREEPHONE0800 044 3733
You are here: Property Solvers Home Homeowners Hub UK House Prices House Prices in NG31

House Prices in NG31 House Prices in NG31 (Grantham)

The average house price in NG31 (Grantham) is £260,924 using HM Land Registry data.

The average property price increased by £57,722 (28.89%) over the last 5 years and increased by £11,566 (4.28%) over the last 12 months.

Over the last year, there were 445 residential property sales – a decrease of 223 transactions (-50.11%) relative to the previous year. The majority of house sales (105) were in the £158,000 - £206,000 range. Then came properties in the £110,000 - £158,000 range, where 93 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 89 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,308 (-2%).

In Oct 24, there were 104 new estate agency instructions, 109 agreed home sales and 50 property price reductions.

Nearby Postcodes: LE14, LE15, LN5, NG13, NG23, NG32, NG33, NG34, PE10, PE9

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.

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).

Property Market Heat Gauge for NG31 (Grantham) - 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 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)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
9 Peterborough Close, Grantham, Lincolnshire, NG31 8SH£325,000£320,000-£5,00008 Mar 202415 Aug 2024160 Days
23 St Mellion Drive, Grantham, Lincolnshire, NG31 9FB£285,000£280,000-£5,00026 Feb 202406 Aug 2024162 Days
6 Welham Street, Grantham, Lincolnshire, NG31 6QU£130,000£130,000£0005 Mar 202402 Aug 2024150 Days
18 Green Hill Road, Grantham, Lincolnshire, NG31 8AG£159,950£156,000-£3,95025 Mar 202429 Jul 2024126 Days
10 Cherrywood Drive, Gonerby Hill Foot, Grantham, Lincolnshire, NG31 8QL£285,000£270,000-£15,00023 Aug 202326 Jul 2024338 Days
1 Rushcliffe Road, Grantham, Lincolnshire, NG31 8ED£325,000£320,000-£5,00019 Sep 202325 Jul 2024310 Days
58b, Manthorpe Road, Grantham, Lincolnshire, NG31 8DN£595,000£580,000-£15,00012 Apr 202425 Jul 2024104 Days
2 St Mellion Drive, Grantham, Lincolnshire, NG31 9FB£335,000£327,000-£8,00008 Apr 202418 Jul 2024101 Days
19 North Parade, Grantham, Lincolnshire, NG31 8AT£395,000£375,000-£20,00014 Apr 202317 Jul 2024460 Days
3 Darley Dale Crescent, Grantham, Lincolnshire, NG31 8EH£225,000£209,000-£16,00018 Mar 202408 Jul 2024112 Days
16 Elms View, Great Gonerby, Grantham, Lincolnshire, NG31 8LR£295,000£290,000-£5,00008 Feb 202405 Jul 2024148 Days
170 Dudley Road, Grantham, Lincolnshire, NG31 9AD£165,000£157,000-£8,00006 Mar 202404 Jul 2024120 Days
16 Harrowby Lane, Harrowby, Grantham, Lincolnshire, NG31 9HB£340,000£332,500-£7,50008 Feb 202404 Jul 2024147 Days
69 Wroxall Drive, Grantham, Lincolnshire, NG31 7EF£225,000£215,000-£10,00016 Nov 202304 Jul 2024231 Days
28 Worcester Road, Grantham, Lincolnshire, NG31 8SF£335,000£324,000-£11,00026 Dec 202328 Jun 2024185 Days
8 Seacroft Close, Grantham, Lincolnshire, NG31 9GL£215,000£215,000£0028 Feb 202427 Jun 2024120 Days
62 Belton Grove, Grantham, Lincolnshire, NG31 9HH£290,000£280,000-£10,00004 May 202324 Jun 2024417 Days
5 Woodlands Drive, Grantham, Lincolnshire, NG31 9DJ£380,000£380,000£0019 Jan 202418 Jun 2024151 Days
119 Winchester Road, Grantham, Lincolnshire, NG31 8RN£180,000£177,500-£2,50010 Nov 202317 Jun 2024220 Days
11 Lodge Way, Grantham, Lincolnshire, NG31 8DD£330,000£325,000-£5,00005 Jan 202417 Jun 2024164 Days

Most Expensive Streets in NG31 (Grantham)

PostcodeStreetAreaAverageNo. of Sales
NG31 8NABelton Lane, Great GonerbyGrantham£591,4005
NG31 9PPGreen LaneGrantham£571,6666
NG31 8AFBarrowby RoadGrantham£566,6663
NG31 8HTGonerby Road, Gonerby Hill FootGrantham£551,7206
NG31 8GYMaplewood Close, Gonerby Hill FootGrantham£551,6663
NG31 8DHManthorpe RoadGrantham£540,0003
NG31 9PLBelton LaneGrantham£536,6663
NG31 7TNCold Harbour LaneGrantham£506,7504
NG31 8DNManthorpe RoadGrantham£501,6663
NG31 8BNWelby GardensGrantham£483,9166

Least Expensive Streets in NG31 (Grantham)

PostcodeStreetAreaAverageNo. of Sales
NG31 7GQArlington GardensGrantham£63,9374
NG31 6DQElton Place, Elton Street, GranthamGrantham£79,6254
NG31 7DDDysart RoadGrantham£88,5004
NG31 6BSQueen StreetGrantham£88,8128
NG31 8FPKesteven Court, New Street, GranthamGrantham£89,4005
NG31 8PRSebastian Mews, Great GonerbyGrantham£91,2504
NG31 7DHWestbourne PlaceGrantham£91,7005
NG31 8SASt Edmunds CourtGrantham£92,1427
NG31 7DWDysart RoadGrantham£92,6663
NG31 7APAlexandra RoadGrantham£94,8336

Explore NG31 (Grantham) using map

Sell Your
House Fast
Property Auctions Lincolnshire
Property Auctions Lincolnshire
We Buy
Any House
House
Valuation
Tools

Selling?
Get Your FREE
House Valuation Report

Office for National Statistics & Land Registry

We Are Regulated:

Property Ombudsman
Gov.UK Money Laundering Regulations
Trading Standards Approved
National Association of Property Buyers (NAPB)
ICO Registered
NAEA PropertyMark