NG31 8XB is a residential postcode situated on Penrhyn Way, Grantham, NG31 with 34 addresses.
It ranks as the 807th largest and 841st 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 34 properties: 34 houses.
NG31 8XB is a residential postcode situated on Penrhyn Way, Grantham, NG31 with 34 addresses.
It ranks as the 807th largest and 841st 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 34 properties: 34 houses.
Sale prices range from £278,843 for 4 bedroom freehold houses with a garden (1,162 ft2) to £320,273 for 4 bedroom freehold houses with a garden (1,420 ft2) .
Monthly rental prices range from £1,091 pcm for 4 bed houses to £1,173 pcm for 4 bed houses.
The gross rental yield is between 4.4% and 4.7%.
The average value per square foot is £218.
The last sale in NG31 8XB sold for £315,000 on 19th September 2025. Since then prices are up an average of 1.0%.
The current average value in the postcode is £303,783.
The NG31 8XB Sales Market has increased by 40.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -2.2% | £303,783 |
| April 2025 | 4% | £310,569 |
| April 2024 | -1.1% | £298,572 |
| April 2023 | 5.5% | £301,975 |
| April 2022 | 7.8% | £286,105 |
| April 2021 | 6.5% | £265,442 |
| April 2020 | 2.6% | £249,230 |
| April 2019 | 1.7% | £242,813 |
| April 2018 | 5.1% | £238,830 |
| April 2017 | 4.8% | £227,157 |
| April 2016 | 4.5% | £216,680 |
| April 2015 | 5.2% | £207,308 |
| April 2014 | 6.1% | £197,103 |
| April 2013 | 4.8% | £185,803 |
| April 2012 | -1.1% | £177,348 |
| April 2011 | -0.8% | £179,292 |
| April 2010 | 3.6% | £180,792 |
| April 2009 | -16.9% | £174,538 |
| April 2008 | 1.1% | £210,157 |
| April 2007 | 0% | £207,801 |
The current average rental value in the postcode is £1,127.
The NG31 8XB Rental Market has increased by 56.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.5% | £1,127pcm |
| April 2025 | 6.1% | £1,099pcm |
| April 2024 | 6.1% | £1,036pcm |
| April 2023 | 9.3% | £976pcm |
| April 2022 | 7.3% | £893pcm |
| April 2021 | 6.1% | £832pcm |
| April 2020 | 2.2% | £784pcm |
| April 2019 | 1.8% | £767pcm |
| April 2018 | 1.8% | £754pcm |
| April 2017 | 2.5% | £740pcm |
| April 2016 | 5.2% | £722pcm |
| April 2015 | 1.6% | £686pcm |
| April 2014 | 2.1% | £675pcm |
| April 2013 | 3.6% | £661pcm |
| April 2012 | 0.4% | £638pcm |
| April 2011 | 0% | £636pcm |
| April 2010 | 2.9% | £636pcm |
| April 2009 | -3.1% | £618pcm |
| April 2008 | 2.5% | £638pcm |
| April 2007 | 0% | £622pcm |
The last sale was on 19th September 2025 for £315,000 and since then the market in the area has increased by 1.0%. The postcode has had a total of 46 sales since 1995.
NG31 8XB has seen 5 sales in the last three years and 2 sales in the last twelve months.
NG31 8XB is the 807th largest and the 841st most expensive postcode out of the 1,017 postcodes in the NG31 area.
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The closest station to NG31 8XB is Grantham station which is 2.2 kilometres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around NG31 8XB, % of property is and % is .
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 8XB, 0.0% of residents are recorded as possessing school level qualifications and 0.0% as possessing degree level qualifications.
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 8XB, 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 8XB, there are an average of 0.0 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.