# NG31 7BS Area Summary
The **NG31 7BS** postcode falls within Grantham, a historic market town in Lincolnshire. This particular area represents an exceptionally affordable segment of the local property market, with an average property price of **£78,527** based on 57 properties. This price point sits significantly below both regional and national averages, indicating this is likely an area dominated by smaller properties, flats, or properties requiring renovation, making it particularly accessible for first-time buyers and property investors seeking entry-level opportunities.
The remarkably low average price suggests this locale may feature a concentration of leasehold flats, studio apartments, or ex-local authority housing stock. Such pricing makes NG31 7BS one of the more budget-friendly options in the East Midlands region, appealing to those seeking affordability in a town with good rail links to London, Nottingham, and Peterborough. The substantial sample size of 57 properties indicates a reasonably active market with regular turnover.
This area represents a practical choice for buyers prioritising value over space, with Grantham offering local amenities, employment opportunities, and transport connections whilst maintaining distinctly lower property costs compared to more expensive Midlands locations.
The average house price in NG31 7BS, Grantham is £78,527. Prices range from £20,500 to £160,000.
There are 57 properties in NG31 7BS, Grantham.
NG31 7BS contains 41 terraced properties, 12 semi-detached properties, 2 detached properties, 2 flat / maisonette properties.
Average house prices in NG31 7BS have risen by 202.1% from £43,906 in 1995 to £132,625 in 2024.
NG31 7BS is located in Grantham, Lincolnshire, England.