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79 Commercial Road is a residential building situated on Commercial Road, Grantham, NG31 with 3 addresses.
It ranks as the 244th largest and 19th most expensive of the 385 buildings in the NG31 area. The dominant property type is a period flat built between 1800 and 1911.
The building contains a total of 3 properties: 3 flats.
79 Commercial Road is a residential building situated on Commercial Road, Grantham, NG31 with 3 addresses.
It ranks as the 244th largest and 19th most expensive of the 385 buildings in the NG31 area. The dominant property type is a period flat built between 1800 and 1911.
The building contains a total of 3 properties: 3 flats.
Sale prices range from £48,810 for 1 bedroom leasehold flats (374 ft2) to £56,164 for 2 bedroom leasehold flats (495 ft2) .
Monthly rental prices range from £292 pcm for 1 bed flats to £343 pcm for 2 bed flats.
The gross rental yield is between 7.2% and 7.4%.
The average value per square foot is £123.
The last sale in 79 Commercial Road sold for £42,000 on 21st August 2015. Since then prices are up an average of 28.7%.
The current average value in the building is £52,651.
The 79 Commercial Road Sales Market has increased by 27.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -1.5% | £52,651 |
| May 2025 | 2.1% | £53,471 |
| May 2024 | 0.9% | £52,367 |
| May 2023 | 3.6% | £51,894 |
| May 2022 | 7.6% | £50,092 |
| May 2021 | 3.7% | £46,566 |
| May 2020 | 2.1% | £44,912 |
| May 2019 | 0.1% | £44,000 |
| May 2018 | 2.4% | £43,965 |
| May 2017 | 3.8% | £42,955 |
| May 2016 | 2.5% | £41,390 |
| May 2015 | 5.3% | £40,398 |
| May 2014 | 5% | £38,378 |
| May 2013 | 1.5% | £36,541 |
| May 2012 | -1.4% | £35,996 |
| May 2011 | -1.6% | £36,516 |
| May 2010 | -1.1% | £37,099 |
| May 2009 | -19.2% | £37,522 |
| May 2008 | -0.4% | £46,410 |
| May 2007 | 0% | £46,615 |
The current average rental value in the building is £321.
The 79 Commercial Road Rental Market has increased by 42.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 4.6% | £321pcm |
| May 2025 | 3.4% | £306pcm |
| May 2024 | 6.7% | £296pcm |
| May 2023 | 8.4% | £278pcm |
| May 2022 | 5.5% | £256pcm |
| May 2021 | 6.2% | £243pcm |
| May 2020 | -0.3% | £229pcm |
| May 2019 | 1.3% | £229pcm |
| May 2018 | -0.4% | £226pcm |
| May 2017 | 1% | £227pcm |
| May 2016 | 3.8% | £225pcm |
| May 2015 | 2.9% | £217pcm |
| May 2014 | 0.6% | £211pcm |
| May 2013 | -0.5% | £210pcm |
| May 2012 | -0.2% | £211pcm |
| May 2011 | 0.3% | £211pcm |
| May 2010 | -0.9% | £210pcm |
| May 2009 | -8.5% | £212pcm |
| May 2008 | 3.5% | £232pcm |
| May 2007 | 0% | £224pcm |
The last sale was on 21st August 2015 for £42,000 and since then the market in the area has increased by 28.7%. The building has had a total of 3 sales since 1995.
79, Commercial Road, Grantham, NG31 6DB has seen no sales in the last three years and no sales in the last twelve months.
The closest station to 79, Commercial Road, Grantham, NG31 6DB is Grantham station which is 200 metres away.
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According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 79, Commercial Road, Grantham, NG31 6DB, 66.2% of property is privately rented and 18.8% is socially rented.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 79, Commercial Road, Grantham, NG31 6DB, 8.0% of residents are recorded as possessing school level qualifications and 22.3% as possessing degree level qualifications.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 79, Commercial Road, Grantham, NG31 6DB, the average age was 39.1 and the most common age was 32.
The graph below shows how this compares to East Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 79, Commercial Road, Grantham, NG31 6DB, 1.1% of property was a second home.
Comparison figures for East Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 79, Commercial Road, Grantham, NG31 6DB, there are an average of 0.5 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.