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House Prices in NG31 House Prices in NG31 (Grantham)

The average house price in NG31 (Grantham) is £234,200 using HM Land Registry data.

The average property price increased by £54,334 (28.89%) over the last 5 years and increased by £10,887 (4.28%) over the last 12 months.

Over the last year, there were 474 residential property sales – a decrease of 215 transactions (-45.36%) relative to the previous year. The majority of house sales (120) were in the £158,000 - £206,000 range. Then came properties in the £110,000 - £158,000 range, where 99 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 141 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,552 (-2%).

In Dec 24, there were 65 new estate agency instructions, 48 agreed home sales and 37 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) - Dec 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
78 Longcliffe Road, Grantham, Lincolnshire, NG31 8DY£315,000£310,000-£5,00018 Jun 202414 Nov 2024149 Days
9 Wakefield Close, Grantham, Lincolnshire, NG31 8RT£249,950£249,000-£95013 Jun 202413 Nov 2024153 Days
16 Barrack Square, Grantham, Lincolnshire, NG31 9DG£135,000£130,000-£5,00028 Feb 202413 Nov 2024259 Days
6 Elm Grove, Grantham, Lincolnshire, NG31 9JB£200,000£182,500-£17,50019 Jul 202411 Nov 2024115 Days
31 The Belfry, Grantham, Lincolnshire, NG31 9QL£340,000£340,000£0022 Jul 202407 Nov 2024108 Days
205 Barrowby Road, Grantham, Lincolnshire, NG31 8NW£225,000£225,000£0026 Mar 202401 Nov 2024220 Days
9 Saltersford Grove, Grantham, Lincolnshire, NG31 7HP£270,000£266,000-£4,00005 Apr 202401 Nov 2024210 Days
42 Brittain Drive, Grantham, Lincolnshire, NG31 9JT£185,000£175,000-£10,00024 Jul 202401 Nov 2024100 Days
11 Bedford Close, Grantham, Lincolnshire, NG31 9UQ£129,500£120,000-£9,50014 May 202425 Oct 2024164 Days
3 Edward Street, Grantham, Lincolnshire, NG31 6JF£170,000£165,000-£5,00014 Jul 202425 Oct 2024103 Days
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

Most Expensive Streets in NG31 (Grantham)

PostcodeStreetAreaAverageNo. of Sales
NG31 8NABelton Lane, Great GonerbyGrantham£591,4005
NG31 8DHManthorpe RoadGrantham£576,6663
NG31 9PPGreen LaneGrantham£571,6666
NG31 9HLBelton LaneGrantham£569,8333
NG31 8AFBarrowby RoadGrantham£566,6663
NG31 8HTGonerby Road, Gonerby Hill FootGrantham£551,7206
NG31 8GYMaplewood Close, Gonerby Hill FootGrantham£551,6663
NG31 9PLBelton LaneGrantham£536,6663
NG31 8DLManthorpe RoadGrantham£508,5006
NG31 7TNCold Harbour LaneGrantham£506,7504

Least Expensive Streets in NG31 (Grantham)

PostcodeStreetAreaAverageNo. of Sales
NG31 7GQArlington GardensGrantham£66,9163
NG31 6DQElton Place, Elton Street, GranthamGrantham£79,6254
NG31 7DDDysart RoadGrantham£88,5004
NG31 8FPKesteven Court, New Street, GranthamGrantham£89,4005
NG31 7DHWestbourne PlaceGrantham£90,8754
NG31 8PRSebastian Mews, Great GonerbyGrantham£91,2504
NG31 8SASt Edmunds CourtGrantham£92,1427
NG31 7DWDysart RoadGrantham£92,6663
NG31 6QLGeorge StreetGrantham£93,2506
NG31 6BSQueen StreetGrantham£93,8128

Explore NG31 (Grantham) using map

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