NG31 8TB is a residential postcode situated on Wand Grove, Grantham, NG31 with 23 addresses.
It ranks as the 627th largest and 495th 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 23 properties: 23 houses.
NG31 8TB is a residential postcode situated on Wand Grove, Grantham, NG31 with 23 addresses.
It ranks as the 627th largest and 495th 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 23 properties: 23 houses.
Sale prices range from £188,941 for 3 bedroom freehold houses with a garden (893 ft2) to £298,956 for 4 bedroom freehold houses with a garden (1,194 ft2) .
Monthly rental prices range from £956 pcm for 3 bed houses to £1,122 pcm for 4 bed houses.
The gross rental yield is between 4.5% and 6.1%.
The average value per square foot is £231.
The last sale in NG31 8TB sold for £195,840 on 30th December 2024. Since then prices are down an average of 0.0%.
The current average value in the postcode is £203,291.
The NG31 8TB Sales Market has increased by 40.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -2.2% | £203,291 |
| April 2025 | 4% | £207,865 |
| April 2024 | -1% | £199,851 |
| April 2023 | 5.5% | £201,936 |
| April 2022 | 7.8% | £191,453 |
| April 2021 | 6.5% | £177,563 |
| April 2020 | 2.7% | £166,797 |
| April 2019 | 1.7% | £162,434 |
| April 2018 | 5.1% | £159,752 |
| April 2017 | 4.9% | £151,979 |
| April 2016 | 4.6% | £144,902 |
| April 2015 | 5.2% | £138,591 |
| April 2014 | 6.2% | £131,799 |
| April 2013 | 4.5% | £124,109 |
| April 2012 | -0.9% | £118,785 |
| April 2011 | -1.1% | £119,828 |
| April 2010 | 3.4% | £121,159 |
| April 2009 | -16.9% | £117,146 |
| April 2008 | 1.3% | £140,958 |
| April 2007 | 0% | £139,160 |
The current average rental value in the postcode is £977.
The NG31 8TB Rental Market has increased by 56.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.5% | £977pcm |
| April 2025 | 6.1% | £954pcm |
| April 2024 | 6.2% | £899pcm |
| April 2023 | 9.3% | £846pcm |
| April 2022 | 7.3% | £774pcm |
| April 2021 | 6.1% | £721pcm |
| April 2020 | 2.2% | £680pcm |
| April 2019 | 1.9% | £665pcm |
| April 2018 | 1.8% | £653pcm |
| April 2017 | 2.5% | £641pcm |
| April 2016 | 5.3% | £626pcm |
| April 2015 | 1.6% | £594pcm |
| April 2014 | 2.2% | £585pcm |
| April 2013 | 3.4% | £572pcm |
| April 2012 | 0.4% | £553pcm |
| April 2011 | -0.2% | £551pcm |
| April 2010 | 2.7% | £552pcm |
| April 2009 | -3.2% | £537pcm |
| April 2008 | 2.7% | £555pcm |
| April 2007 | 0% | £540pcm |
The last sale was on 30th December 2024 for £195,840 and since then the market in the area has remained stable. The postcode has had a total of 6 sales since 1995.
NG31 8TB has seen 6 sales in the last three years and no sales in the last twelve months.
NG31 8TB is the 627th largest and the 495th most expensive postcode out of the 1,017 postcodes in the NG31 area.
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The closest station to NG31 8TB is Grantham station which is 2.4 kilometres away.
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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 8TB, 54.8% of property is privately owned outright and 35.6% 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 8TB, 15.5% of residents are recorded as possessing school level qualifications and 25.3% 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 NG31 8TB, the average age was 48.9 and the most common age was 72.
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 8TB, 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 NG31 8TB, there are an average of 1.6 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.