# DN31 1PT Area Summary
DN31 1PT covers a section of Grimsby in North East Lincolnshire, an area characterised by some of the most affordable housing stock in the UK. With 62 properties analysed showing an average price of just £50,989, this postcode represents exceptional value for money, sitting well below both regional and national averages. This price point typically indicates a prevalence of terraced housing and flats, likely including former local authority properties and Victorian-era terraced homes common to this traditional fishing port town.
The remarkably low property values reflect Grimsby's ongoing economic transition from its historic reliance on the fishing industry. Whilst this presents challenges, it also creates opportunities for first-time buyers, property investors seeking rental yields, and those looking to enter the housing market with limited capital. The area has benefited from regeneration efforts and its strategic position near the Humber estuary, with ongoing developments in renewable energy sectors, particularly offshore wind, potentially supporting future market stability. Properties at this price point offer accessibility that is increasingly rare in the UK housing market, though buyers should consider the area's economic fundamentals and potential for capital appreciation when making purchasing decisions.
The average house price in DN31 1PT, Grimsby is £50,989. Prices range from £16,150 to £90,000.
There are 62 properties in DN31 1PT, Grimsby.
DN31 1PT contains 59 flat / maisonette properties, 2 semi-detached properties, 1 terraced properties.
Average house prices in DN31 1PT have risen by 87.8% from £28,571 in 1995 to £53,667 in 2024.
DN31 1PT is located in Grimsby, North East Lincolnshire, England.