1-bedroom flat · NG31 8GL
Sold STCReduced £6k (−10.9%) on 8 AugListed 226 days
Opportunity summary
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About
*1 Bedroom Second Floor Over 60's Retirement Apartment Arnoldfield Court, Grantham* Situated within the popular Arnoldfield Court over 60's retirement development, this well-presented one bedroom second floor apartment offers comfortable and secure living within a friendly and sociable community, ideal for those looking to enjoy an independent retirement lifestyle.
The development benefits from a range of excellent communal facilities, including beautifully maintained communal gardens, a communal kitchen/washroom, and a welcoming communal sitting room, providing residents with a pleasant and sociable environment.
The accommodation briefly comprises an entrance hall, a spacious lounge opening into a modern fitted kitchen, a double bedroom, and a bathroom.
The property is well laid out and designed for convenient and low-maintenance living.
The property is offered leasehold with approximately 99 years remaining on the lease, with estimated service/lease charges of £254.75 per month.
Location - Grantham is a vibrant and historic market town located along the historic Great North Road (A1) and served by the East Coast Main Line, offering direct train services to London King's Cross in approximately one hour.
The town provides a strong sense of community and an excellent range of amenities, including grammar schools for both boys and girls, a variety of primary and secondary schools, healthcare services, independent and national retailers, along with restaurants, cafés, bars, and a cinema.
A weekly Saturday street market further enhances the town's charm.
This property presents an excellent opportunity for buyers seeking a well-located retirement apartment within a welcoming community setting.
Please note - We have been advised that the property is Leasehold with 99 years left on the lease and that the cost per annum for ground rent and service charge is approximately £3,057.
Entrance Hall Lounge 5.08m x 4.93m - 16'8” x 16'2” Kitchen 3.45m x 1.65m - 11'4” x 5'5” Bedroom 1 3.45m x 2.51m - 11'4” x 8'3” Bathroom 3.45m x 1.78m - 11'4” x 5'10”
Value & comps
No previous sales on record.
Returns
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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
FAQ
About 7, Arnoldfield Court Gonerby Road, Grantham
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