Key indicators for buyers
The NG31 market is moderately favourable for buyers. Prices are rising at 14.3%, which may favour acting sooner rather than later. Affordability has improved from a peak of 9.1x in 2021 to 7.8x today.
Yearly averages · HM Land Registry Price Paid Data
2026averages · HM Land Registry Price Paid Data
House price ÷ median earnings · ONS data
Affordability data shown for wider South Kesteven area
A home in South Kesteven costs 7.8x the local median salary — moderate, improving from a peak of 9.1x in 2021.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider South Kesteven area
Average monthly rent in South Kesteven is £832, up 0.3% year-on-year. Rents have risen consistently over the past five years.
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average South Kesteven price of £261,190 with a 25% deposit (£65k), a 2-year fixed mortgage at 3.97% costs around £1,031 per month.
Monthly cost comparison based on current data
Uses NG31 avg. price with South Kesteven rental data
Monthly mortgage payments (£1,031) are £199 more than renting (£832). However, buying requires an upfront deposit of £65k — it would take around 13 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
36, CAMBRIDGE STREET NG31 6EZ | Terraced | £100,000 | 21 Jan 2026 |
3, LINDISFARNE WAY NG31 8ST | Detached | £435,000 | 21 Jan 2026 |
6, GLENEAGLES NG31 9QJ | Detached | £316,000 | 19 Jan 2026 |
56, BELTON LANE, GREAT GONERBY NG31 8NA | Detached | £698,500 | 19 Jan 2026 |
99, WINCHESTER ROAD NG31 8RN | Detached | £434,000 | 19 Jan 2026 |
37, ARNOLDFIELD COURT, GONERBY HILL FOOT NG31 8GL | Flat/Maisonette | £120,000 | 16 Jan 2026 |
20, SHANKLIN DRIVE NG31 7DR | Semi-detached |
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
The average property in NG31 sold for £261,190 in 2026, with a median of £220,000 across 21 transactions. Prices rose 14.3% compared to the previous year.
| £150,000 |
| 16 Jan 2026 |
66, CHELMSFORD DRIVE NG31 8PF | Detached | £235,000 | 16 Jan 2026 |
22, SHANKLIN DRIVE NG31 7DR | Semi-detached | £209,000 | 16 Jan 2026 |
154, BARROWBY ROAD NG31 8AF | Detached | £430,000 | 16 Jan 2026 |
12, KENWICK DRIVE NG31 9DP | Semi-detached | £265,000 | 14 Jan 2026 |
44, ASCOT DRIVE NG31 9TB | Semi-detached | £177,500 | 9 Jan 2026 |
6, LUDLOW GARDENS NG31 8WJ | Semi-detached | £220,000 | 9 Jan 2026 |
2, THORNEYDENE GARDENS NG31 8UF | Semi-detached | £200,000 | 7 Jan 2026 |
124, HUNTINGTOWER ROAD NG31 7AX | Semi-detached | £247,000 | 7 Jan 2026 |
45, DUDLEY ROAD NG31 9AA | Terraced | £320,000 | 7 Jan 2026 |
33, GLOUCESTER ROAD NG31 8RJ | Detached | £315,000 | 7 Jan 2026 |
10, SIGNAL ROAD NG31 9BP | Semi-detached | £168,000 | 6 Jan 2026 |
117, KENILWORTH ROAD NG31 9UN | Semi-detached | £153,000 | 6 Jan 2026 |
63, SOUTH PARADE NG31 6HT | Terraced | £205,000 | 6 Jan 2026 |
The most recent recorded sale in NG31 was a terraced property on Cambridge Street for £100,000 in January 2026. Across the last 20 sales, the median price was £235,000.