2-bedroom terraced house · NG31 6BW
For saleListed 61 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
At £115,000, this one makes a lot of sense. No dramatic estate-agent poetry required. No pretending there is an infinity pool hiding behind the back gate.
What you have here is a proper two-bedroom home, ready to move into, incredibly handy for Grantham station and town centre, and priced at a level that makes it genuinely interesting to first-time buyers, commuters and landlords alike.
For anyone trying to take that first step into home ownership, this could be a very clever place to start.
You have your own front door, two bedrooms, separate living accommodation and outside space, without needing to take on a huge project before you can actually enjoy living there.
Step inside and the living room gives you a comfortable everyday space for sofas, television and switching off at the end of the day.
To the rear is the kitchen and dining area, providing a practical space for cooking and eating without trying to squeeze everything into one corner of the living room.
Upstairs are two bedrooms and the bathroom. The layout is straightforward, usable and easy to live with, which at this end of the market is exactly what many buyers want.
There is no huge renovation list waiting for the next owner either.
The property is already in a condition where you can move in, unpack and start making it your own gradually rather than spending the first six months surrounded by plaster dust.
Outside is a low-maintenance rear courtyard together with two useful outbuildings.
They are a handy bonus rather than the reason to buy the house, but they give you additional storage immediately and, depending on what you need and any necessary permissions or works, could lend themselves to a hobby space, workshop, games room or simply somewhere to keep bikes, tools and everything else you do not want cluttering up the house.
And then there is the location. Grantham train station is only a few minutes away on foot, which makes this particularly interesting for commuters or anyone regularly travelling by rail.
The town centre and everyday amenities are also close by, so this is one of those locations where owning a car does not need to dictate your entire life.
For a first-time buyer, it is an affordable route into owning a proper home. For someone who commutes, the station being almost on the doorstep is a huge advantage.
And for a landlord looking to add another property to a portfolio, the combination of two bedrooms, £115,000 asking price and proximity to the station and town centre gives it obvious appeal.
It is not trying to be something it isn't. It is simply an affordable, ready-to-live-in two-bedroom home in an exceptionally convenient Grantham location. And at £115,000, that deserves a proper look.
Key Features: Two-bedroom terraced home Guide Price £115,000 Ready to move straight into Just a few minutes’ walk from Grantham train station Convenient for Grantham town centre Ideal first-time purchase Excellent option for commuters Strong potential for buy-to-let investors Living room Kitchen / dining room Two bedrooms Bathroom Low-maintenance rear courtyard Two useful rear outbuildings Outbuildings offer storage, hobby or workshop potential Freehold Disclaimer haart Estate Agents also offer a professional, ARLA accredited Lettings and Management Service.
If you are considering renting your property in order to purchase, are looking at buy to let or would like a free review of your current portfolio then please call the Lettings Branch Manager on the number shown above.
haart Estate Agents is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position.
We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.
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.
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