# NG31 7BN Area Summary
NG31 7BN covers a section of Grantham, a market town in Lincolnshire with strong transport connections to London and the East Midlands. This postcode area shows a notably modest average property price of £67,452 based on 63 properties, which sits well below both regional and national averages. This pricing typically indicates a predominance of flats or leasehold properties, possibly including retirement accommodation or smaller residential units, rather than traditional houses.
The exceptionally low average price point suggests this area may attract first-time buyers, investors seeking rental yields, or those looking for more affordable entry into the property market. Grantham itself benefits from excellent rail links with direct services to London King's Cross in approximately an hour, making it popular with commuters. The town offers a range of amenities including shopping facilities, schools, and historic attractions, with the area being most famously known as the birthplace of Margaret Thatcher.
Property values in this specific postcode appear to represent a niche segment of Grantham's broader market, where standard family homes typically command significantly higher prices. Prospective buyers should investigate the exact property types and any service charges or ground rents associated with properties in this postcode area.
The average house price in NG31 7BN, Grantham is £67,452. Prices range from £17,000 to £135,000.
There are 63 properties in NG31 7BN, Grantham.
NG31 7BN contains 58 terraced properties, 3 semi-detached properties, 1 flat / maisonette properties, 1 detached properties.
Average house prices in NG31 7BN have risen by 422.2% from £24,000 in 1995 to £125,333 in 2024.
NG31 7BN is located in Grantham, Lincolnshire, England.