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Grantham House Prices Grantham House Prices

The average house price in Grantham is £209,703 using HM Land Registry data.

The average property price increased by £61,993 (35.85%) over the last 5 years and increased by £12,390 (5.57%) over the last 12 months.

Over the last year, there were 497 residential property sales – a decrease of 235 transactions (-47.28%) relative to the previous year. The majority of house sales (115) were in the £110,000 - £162,000 range. Then came properties in the £162,000 - £214,000 range, where 111 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 84 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,308 (-2%).

In April 2024, there were 103 new estate agency instructions, 73 agreed home sales and 51 property price reductions.

Postcodes Covered: NG31

5-Year Average Property Prices in Grantham

35.85%

Property prices in Grantham increased by 35.85% 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 Grantham Over the Last Year

5.57%

Property prices in Grantham increased by 5.57% 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 Grantham - April 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 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 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 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 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 Grantham since 1995

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

Recent Property Sales in Grantham

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
31 Lynden Avenue, Gonerby Hill Foot, Grantham, Lincolnshire, NG31 8JW£220,000£215,000-£5,00016 Jun 202315 Mar 2024273 Days
34 Croft Drive, Grantham, Lincolnshire, NG31 9EB£325,000£290,000-£35,00022 Jun 202301 Mar 2024253 Days
24 Sidney Street, Grantham, Lincolnshire, NG31 8AZ£130,000£127,000-£3,00008 Nov 202329 Feb 2024113 Days
7 St Edmunds Court, Grantham, Lincolnshire, NG31 8SA£102,500£100,000-£2,50018 Aug 202326 Feb 2024192 Days
29 Manchester Way, Grantham, Lincolnshire, NG31 8RR£210,000£205,000-£5,00030 Oct 202326 Feb 2024119 Days
3 Dale Road, Grantham, Lincolnshire, NG31 8EF£190,000£186,000-£4,00009 Nov 202320 Feb 2024103 Days
111 Kenilworth Road, Grantham, Lincolnshire, NG31 9UN£160,000£155,000-£5,00012 Sep 202316 Feb 2024157 Days
17 Springfield Road, Grantham, Lincolnshire, NG31 7BD£139,995£133,000-£6,99513 Jun 202308 Feb 2024240 Days
32 Hill View Close, Grantham, Lincolnshire, NG31 7PH£160,000£160,000£0029 Sep 202302 Feb 2024126 Days
24 Dudley Road, Grantham, Lincolnshire, NG31 9AA£330,000£320,000-£10,00024 Aug 202326 Jan 2024155 Days
58 Sandcliffe Road, Grantham, Lincolnshire, NG31 8ER£275,000£275,000£0024 Aug 202322 Jan 2024151 Days
25 Premier Court, Grantham, Lincolnshire, NG31 8FD£115,000£115,000£0011 Aug 202322 Jan 2024164 Days
3 Burleigh Close, Grantham, Lincolnshire, NG31 9UF£230,000£230,000£0029 Jul 202311 Jan 2024166 Days
5 Lancaster Gardens, Grantham, Lincolnshire, NG31 7HX£475,000£465,000-£10,00023 Oct 202310 Jan 202479 Days
37 Alma Park Road, Grantham, Lincolnshire, NG31 9SX£185,000£183,000-£2,00023 Aug 202309 Jan 2024139 Days
70 Houghton Road, Grantham, Lincolnshire, NG31 6JD£150,000£148,000-£2,00030 Jun 202305 Jan 2024189 Days
35 Houghton Road, Grantham, Lincolnshire, NG31 6JB£175,000£170,000-£5,00031 Aug 202304 Jan 2024126 Days
81 Fifth Avenue, Grantham, Lincolnshire, NG31 9TH£180,000£174,000-£6,00016 Aug 202319 Dec 2023125 Days
116 Manthorpe Road, Grantham, Lincolnshire, NG31 8DL£600,000£580,000-£20,00005 Apr 202318 Dec 2023257 Days
92 Grantley Street, Grantham, Lincolnshire, NG31 6BN£99,950£92,000-£7,95009 Jun 202315 Dec 2023189 Days

Most Expensive Streets in Grantham

PostcodeStreetAreaAverageNo. of Sales
NG31 9PPGreen LaneGrantham£571,6666
NG31 8AFBarrowby RoadGrantham£566,6663
NG31 8HTGonerby RoadGonerby Hill Foot£551,7206
NG31 8GYMaplewood CloseGonerby Hill Foot£551,6663
NG31 9PLBelton LaneGrantham£536,6663
NG31 7TNCold Harbour LaneGrantham£506,7504
NG31 8BNWelby GardensGrantham£483,9166
NG31 8DLManthorpe RoadGrantham£475,6666
NG31 8DHManthorpe RoadGrantham£470,0004
NG31 8PLSouthwell CloseGrantham£451,6663

Least Expensive Streets in Grantham

PostcodeStreetAreaAverageNo. of Sales
NG31 7GQArlington GardensGrantham£63,2503
NG31 7FDCromford CourtGrantham£70,3124
NG31 6DQElton PlaceElton Street, Grantham£79,3333
NG31 6QLGeorge StreetGrantham£84,7857
NG31 7DDDysart RoadGrantham£89,0004
NG31 8FPKesteven CourtNew Street, Grantham£89,4005
NG31 6BSQueen StreetGrantham£90,3577
NG31 7DHWestbourne PlaceGrantham£91,7005
NG31 8SASt Edmunds CourtGrantham£92,1427
NG31 6BWGrantley StreetGrantham£92,6427

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