Modern Method of Auction
Auction date not yet published
3-bedroom house · NG32 3NA
Sold STCReduced £25k (−11.1%) on 21 JunListed 162 days
Opportunity summary
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About
Modern Method Of Auction - T & c's Apply Nestled within the heart of the highly regarded village of Oasby, this charming stone-built semi-detached cottage presents a rare opportunity to acquire a characterful period home with superb potential.
Enjoying a peaceful rural setting whilst remaining conveniently positioned just a short drive from Grantham and its excellent range of amenities, the property offers the perfect project for buyers looking to create a stunning countryside residence tailored to their own style and specification.
Requiring full modernisation throughout, the cottage has been realistically priced to reflect the works required and offers spacious accommodation full of charm and original character features.
The existing layout provides flexible living space including two reception rooms with exposed beams and feature fireplaces, a long galley-style kitchen, additional utility/conservatory area, ground floor shower room, three bedrooms and a family bathroom.
Subject to the necessary permissions, the property offers clear scope for extension, reconfiguration and enhancement, similar to neighbouring properties that have been sympathetically improved in recent years.
Externally, the property stands proudly behind generous gardens extending to the front and side, enjoying a pleasant outlook and ample outdoor space for landscaping or further development potential.
A driveway provides off-road parking and leads to an existing detached garage.
Properties of this nature are becoming increasingly difficult to find, particularly within such a sought-after village location.
Offered to the market with no onward chain, this is an exciting opportunity for developers, investors or buyers seeking a rewarding renovation project with the potential to create a truly special home.
The village itself enjoys a picturesque rural setting surrounded by beautiful Lincolnshire countryside, whilst nearby Grantham offers an extensive range of facilities including shops, supermarkets, restaurants, cafés, bars, schooling including grammar schools, healthcare services, a cinema and a mainline train station with direct services to London Kings Cross in approximately one hour.
Buying Conditions This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the ”Reservation Period”).
Interested parties personal data will be shared with the Auctioneer (iamsold).If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.A Buyer Information Pack is provided.
The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price.
This is considered within calculations for Stamp Duty Land may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken.
Paym Entrance Hall Lounge 4.08m x 3.76m - 13'5” x 12'4” Dining Room 3.77m x 3.12m - 12'4” x 10'3” Kitchen 4.5m x 1.63m - 14'9” x 5'4” Utility Area 4.16m x 1.45m - 13'8” x 4'9” Shower Room 2.71m x 1.46m - 8'11” x 4'9” First Floor Landing Bedroom 1 4.4m x 3.86m - 14'5” x 12'8” Bedroom 2 3.86m x 3.48m - 12'8” x 11'5” Bedroom 2 3.86m x 3.48m - 12'8” x 11'5” Bedroom 3 3.36m x 1.79m - 11'0” x 5'10” Bathroom 4.09m x 1.79m - 13'5” x 5'10” Outside Garage 6.87m x 3.21m - 22'6” x 10'6”
Value & comps
No previous sales on record.
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Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Woodbine Cottage, Oasby, Grantham
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