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See how verdicts work1-bedroom flat · NG31 9DA
For saleReduced £10.3k (−6.1%) on 2 JulListed 409 days
Opportunity summary
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About
A well presented one bedroom ground floor garden facing apartment with direct access to patio area Martin Court is a popular McCarthy Stone retirement living development with a visiting house manager and communal lounge and roof terrace.
**Entitlements Advice and Part Exchange available - speak to your Property Consultant for more information** Martin Court Martin Court, a McCarthy & Stone Retirement Living development, is located a around half a mile from the centre of the historic market town of Grantham.
The town offers a variety of national and independent shops, banks, and supermarkets. Every Saturday Grantham plays host to a bustling street market.
The development has a dedicated House Manager on site during working hours to take care of things and make you feel at home.
For your peace of mind the development has camera door entry and 24-hour emergency call systems, should you require assistance.
The Homeowners' lounge provides a great space to socialise with friends and family.
Martin Court has a great social life which the Homeowners can choose to partake, these include games evenings, film nights, quiz nights, fish & chips, live music, summer BBQ's and much more!
If your guests have travelled from afar, they can extend their stay by booking into the development Guest Suite (usually for a fee of £25 per night - subject to availability) which has an en-suite shower room, tea and coffee making facilities and a TV.
Entrance Hall Front door with spy hole leads to the large entrance hall - the 24-hour Tunstall emergency response pull cord system is situated in the hall.
From the hallway there is a door to a walk-in storage cupboard/airing cupboard.
Illuminated light switches, smoke detector, apartment security door entry system with intercom and emergency pull cord located in the hall. Doors leading to the lounge, bedroom and bathroom.
Lounge Spacious lounge with ample room for dining and the benefit of a French door which leads onto a patio area and well maintained communal gardens.
TV and telephone point, two ceiling lights and electric heater. Part glazed door leading to the separate kitchen.
Kitchen Fully fitted kitchen with a range of modern low and eye level units, drawers and roll-top work surface and tiled splashbacks.
Inset stainless steel sink with mono block lever tap and drainer sits below the garden facing window. Built in electric oven and hob with extractor hood above. Integral fridge/freezer.
Ceiling and under unit lighting and tiled flooring. Bedroom Spacious bedroom with window overlooking well maintained communal gardens has a built in wardrobe with mirror fronted sliding doors.
TV and telephone point, ceiling light and electric heater. Bathroom This room is fitted with a three piece suite comprising a walk in double shower with glass screen and support rails.
Low level WC, vanity unit with sink and mirror above. Extractor fan, shaving point, heated towel rail and tiled floor to ceiling.
Service Charge • Cleaning of communal windows • Water rates for communal areas and apartments • Electricity, heating, lighting and power to communal areas • 24 hour emergency call system • Upkeep of gardens and grounds • Repairs and maintenance to the interior and exterior communal areas • Contingency fund including internal and external redecoration of communal areas • Buildings insurance Annual Service charge: £3,224.09 for financial year ending 30/09/2026.
The Service charge does not cover external costs such as your Council Tax, electricity or TV.
To find out more about the service charges please please contact your Property Consultant or House Manager.
Check out benefits you may be entitled to supporting you with service charges and living costs. (often offset by Government Entitlements eg Attendance Allowance £3,500-£5,200)'.
Car Parking Scheme Parking is by allocated space subject to availability, the fee is £250 per annum. Permits are available on a first come, first served basis.
Please check with the House Manager on site for availability.
Lease Information Lease: 125 years from 1st Jan 2014 Ground rent: £425 per annum Ground rent review: 1st Jan 2029 Managed by: McCarthy and Stone Management Services Moving Made Easy & Additional Information Moving is a huge step, but don’t let that hold you back.
We have a range of services to help your move go smoothly, including: • free Entitlements Advice to help you find out what benefits you may be entitled to that can assist with service charges or living costs.
• Part Exchange service to help you move without the hassle of having to sell your own home. • Removal Services that can help you declutter and move you in to your new home.
• Conveyancing specialists who are experienced with sales and purchases of McCarthy Stone retirement properties.
For more information check our webpage additional services or speak with our property consultant • Fibre to the Cabinet and Copper Broadband available • Mains water and electricity • Electric room heating • Mains drainage
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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Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 16 Martin Court, St. Catherines Road, Grantham
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