NG31 8GZ is a residential postcode situated on Hazelwood Drive, Gonerby Hill Foot, Grantham, NG31 with 37 addresses.
It ranks as the 839th largest and 910th most expensive of the 1,017 postcodes in the NG31 area. The dominant property type is a modern house built after 1980.
The postcode contains a total of 37 properties: 37 houses.
NG31 8GZ is a residential postcode situated on Hazelwood Drive, Gonerby Hill Foot, Grantham, NG31 with 37 addresses.
It ranks as the 839th largest and 910th most expensive of the 1,017 postcodes in the NG31 area. The dominant property type is a modern house built after 1980.
The postcode contains a total of 37 properties: 37 houses.
Sale prices range from £309,338 for 3 bedroom freehold houses with a garden (957 ft2) to £660,233 for 5 bedroom freehold houses with a garden (2,637 ft2) .
Monthly rental prices range from £1,016 pcm for 3 bed houses to £2,019 pcm for 5 bed houses.
The gross rental yield is between 3.6% and 4.0%.
The average value per square foot is £259.
The last sale in NG31 8GZ sold for £420,000 on 27th March 2025. Since then prices are down an average of 2.0%.
The current average value in the postcode is £398,822.
The NG31 8GZ Sales Market has increased by 40.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -2.4% | £398,822 |
| April 2025 | 4% | £408,746 |
| April 2024 | -1.1% | £393,162 |
| April 2023 | 5.9% | £397,460 |
| April 2022 | 8.4% | £375,429 |
| April 2021 | 6.6% | £346,455 |
| April 2020 | 2.4% | £325,013 |
| April 2019 | 1.8% | £317,399 |
| April 2018 | 4.9% | £311,714 |
| April 2017 | 5% | £297,141 |
| April 2016 | 4.5% | £283,105 |
| April 2015 | 5.2% | £270,840 |
| April 2014 | 6.7% | £257,408 |
| April 2013 | 4.6% | £241,353 |
| April 2012 | -1.5% | £230,707 |
| April 2011 | -0.7% | £234,286 |
| April 2010 | 2.9% | £235,963 |
| April 2009 | -17.7% | £229,345 |
| April 2008 | 0.7% | £278,622 |
| April 2007 | 0% | £276,617 |
The current average rental value in the postcode is £1,230.
The NG31 8GZ Rental Market has increased by 56.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.3% | £1,230pcm |
| April 2025 | 6.1% | £1,203pcm |
| April 2024 | 6.2% | £1,134pcm |
| April 2023 | 9.6% | £1,068pcm |
| April 2022 | 7.9% | £975pcm |
| April 2021 | 6.2% | £904pcm |
| April 2020 | 2% | £851pcm |
| April 2019 | 1.9% | £834pcm |
| April 2018 | 1.6% | £818pcm |
| April 2017 | 2.6% | £805pcm |
| April 2016 | 5.3% | £785pcm |
| April 2015 | 1.7% | £746pcm |
| April 2014 | 2.6% | £733pcm |
| April 2013 | 3.4% | £715pcm |
| April 2012 | 0.1% | £691pcm |
| April 2011 | 0% | £691pcm |
| April 2010 | 2.3% | £691pcm |
| April 2009 | -3.8% | £675pcm |
| April 2008 | 2.1% | £702pcm |
| April 2007 | 0% | £688pcm |
The last sale was on 27th March 2025 for £420,000 and since then the market in the area has decreased by 2.0%. The postcode has had a total of 35 sales since 1995.
NG31 8GZ has seen 2 sales in the last three years and no sales in the last twelve months.
NG31 8GZ is the 839th largest and the 910th most expensive postcode out of the 1,017 postcodes in the NG31 area.
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The closest station to NG31 8GZ is Grantham station which is 2.2 kilometres away.
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 NG31 8GZ, 71.4% of property is privately owned outright and 23.6% is privately owned with a mortgage.
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 8GZ, 11.3% of residents are recorded as possessing school level qualifications and 36.8% 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 8GZ, 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 8GZ, 0.3% 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 8GZ, there are an average of 1.4 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
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