NG31 6LP is a residential postcode situated on Market Place, Grantham, NG31 with 12 addresses.
It ranks as the 329th largest and 67th most expensive of the 1,017 postcodes in the NG31 area. The dominant property type is a period flat built between 1800 and 1911.
The postcode contains a total of 12 properties: 3 houses and 9 flats.
NG31 6LP is a residential postcode situated on Market Place, Grantham, NG31 with 12 addresses.
It ranks as the 329th largest and 67th most expensive of the 1,017 postcodes in the NG31 area. The dominant property type is a period flat built between 1800 and 1911.
The postcode contains a total of 12 properties: 3 houses and 9 flats.
Sale prices range from £84,484 for 2 bedroom Leasehold flats with a garden (581 ft2) to £188,941 for 3 bedroom freehold houses with a garden (818 ft2) .
Monthly rental prices range from £461 pcm for 2 bed flats to £956 pcm for 3 bed houses.
The gross rental yield is between 6.1% and 6.5%.
The average value per square foot is £162.
The last sale in NG31 6LP sold for £96,000 on 9th May 2025. Since then prices are down an average of 0.0%.
The current average value in the postcode is £118,359.
The NG31 6LP Sales Market has increased by 32.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -2.1% | £118,359 |
| April 2025 | 3.3% | £120,868 |
| April 2024 | -0.1% | £117,063 |
| April 2023 | 5.2% | £117,186 |
| April 2022 | 7.5% | £111,423 |
| April 2021 | 4.8% | £103,628 |
| April 2020 | 1.7% | £98,854 |
| April 2019 | 1.5% | £97,193 |
| April 2018 | 3.2% | £95,772 |
| April 2017 | 3.9% | £92,758 |
| April 2016 | 3.5% | £89,317 |
| April 2015 | 5.1% | £86,278 |
| April 2014 | 6.1% | £82,125 |
| April 2013 | 1.9% | £77,416 |
| April 2012 | -1.8% | £75,948 |
| April 2011 | -1.1% | £77,346 |
| April 2010 | -0.9% | £78,239 |
| April 2009 | -18.8% | £78,957 |
| April 2008 | 0.9% | £97,286 |
| April 2007 | 0% | £96,465 |
The current average rental value in the postcode is £613.
The NG31 6LP Rental Market has increased by 47.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.6% | £613pcm |
| April 2025 | 5.3% | £597pcm |
| April 2024 | 7.2% | £567pcm |
| April 2023 | 8.8% | £529pcm |
| April 2022 | 7.1% | £486pcm |
| April 2021 | 4.4% | £454pcm |
| April 2020 | 1.4% | £434pcm |
| April 2019 | 1.6% | £429pcm |
| April 2018 | 0% | £422pcm |
| April 2017 | 1.5% | £422pcm |
| April 2016 | 4.2% | £416pcm |
| April 2015 | 1.5% | £399pcm |
| April 2014 | 2.1% | £393pcm |
| April 2013 | 0.7% | £385pcm |
| April 2012 | -0.2% | £382pcm |
| April 2011 | -0.4% | £383pcm |
| April 2010 | -1.5% | £384pcm |
| April 2009 | -5.2% | £390pcm |
| April 2008 | 2.2% | £411pcm |
| April 2007 | 0% | £402pcm |
The last sale was on 9th May 2025 for £96,000 and since then the market in the area has remained stable. The postcode has had a total of 3 sales since 1995.
NG31 6LP has seen 1 sale in the last three years and no sales in the last twelve months.
NG31 6LP is the 329th largest and the 67th most expensive postcode out of the 1,017 postcodes in the NG31 area.
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The closest station to NG31 6LP is Grantham station which is 700 metres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around NG31 6LP, 57.1% of property is socially rented and 40.0% is privately 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 NG31 6LP, 8.3% of residents are recorded as possessing school level qualifications and 17.4% 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 NG31 6LP, the average age was 42.8 and the most common age was 52.
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 NG31 6LP, 0.0% 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 NG31 6LP, there are an average of 0.4 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
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.