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See how verdicts work2-bedroom flat · NG31 8GL
For saleReduced £5k (−5%) on 20 OctListed 188 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This well-presented two double bedroom first floor apartment is situated within a warden-assisted development exclusively for the over 60s, offering a secure and supportive environment in the popular area of Gonerby Hill Foot.
The property is offered for sale with no onward chain making it an attractive option for those seeking a straightforward move.
The accommodation is both spacious and practical, comprising an entrance hall with stairs and the added benefit of a stair lift leading to the first floor.
The main living space features a generous lounge/diner, alongside a fitted kitchen, inner hallway, two double bedrooms and a modern shower room.
The apartment is well maintained throughout and has recently benefitted from new carpets, allowing prospective buyers to move straight in with minimal work required.
Residents also have access to excellent communal facilities located just across the road at Arnoldfield House, including a residents' lounge, laundry room and kitchen area, creating opportunities for socialising and added convenience there is also resident parking.
The development is further enhanced by well-kept communal gardens, providing pleasant outdoor space to enjoy.
The location offers a range of nearby amenities including a local shop, primary school, tennis courts and a gymnasium with café, all within easy reach.
A bus stop is conveniently positioned just outside Arnoldfield Court, providing regular services into Grantham town centre, where a wider selection of shops, supermarkets, restaurants, cafés, healthcare services and leisure facilities can be found.
The town also benefits from Grantham railway station, offering a direct rail link to London King's Cross in approximately one hour.
This is an excellent opportunity to acquire a comfortable and conveniently located retirement apartment, and early viewing is highly recommended.
Contact Pygott & Crone today to arrange your viewing.
Please note - We have been advised that the property is Leasehold with 62 years left on the lease and that the cost per annum for ground rent and service charge is approximately £3664.80 which the vendor makes us aware that this includes building insurance also.
Stairs Up To Lounge/Dining Room 6.96m x 3.67m - 22'10” x 12'0” Kitchen 3.63m x 2.28m - 11'11” x 7'6” Inner Hall Bedroom 1 3.91m x 3.76m - 12'10” x 12'4” Bedroom 1 3.91m x 3.76m - 12'10” x 12'4” Bedroom 2 3.61m x 2.84m - 11'10” x 9'4” Shower Room 2.3m x 1.77m - 7'7” x 5'10”
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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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
Agent & docs
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FAQ
About 40, Arnoldfield Court, Grantham
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