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See how verdicts work2-bedroom terraced house · NG31 9DA
For saleListed 22 days
Opportunity summary
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About
Well Presented Two Bedroom Retirement Apartment Popular McCarthy Stone Development.
A well presented two bedroom first floor retirement apartment situated within the popular Martin Court development, conveniently located approximately half a mile from Grantham town centre.
Offering comfortable and well-planned accommodation, this attractive apartment provides an excellent opportunity for those looking for independent retirement living in a secure and welcoming environment.
The property is presented in good order throughout and benefits from a bright and spacious living room with Juliet balcony, a separate fitted kitchen, a shower room and two well-proportioned bedrooms both including fitted wardrobes.
The principal bedroom also benefits from a walk-in wardrobe, additional built in storage and en-suite bathroom.
The apartment is approached via a welcoming entrance hall with useful storage, leading through to the main living accommodation.
The generous living room provides a comfortable space for relaxing and entertaining, with the Juliet balcony allowing plenty of natural light into the room.
The separate kitchen is conveniently positioned off the living room, while both bedrooms offer comfortable and versatile accommodation.
The principal bedroom benefits from a useful walk-in wardrobe and en-suite bathroom, with the second bedroom served by the additional shower room.
Martin Court is a popular McCarthy Stone Retirement Living development designed specifically for independent living, whilst providing reassurance and a strong sense of community.
Residents benefit from a dedicated House Manager, secure camera entry system, passenger lift to all floors, a homeowners' lounge and beautifully maintained communal gardens.
There is also a 24-hour emergency call system providing additional peace of mind, together with a programme of social activities and events which residents can choose to participate in.
A guest suite is available for visiting friends and family, subject to availability and an additional charge.
The development is ideally placed for access to Grantham town centre, approximately half a mile away, where residents can enjoy a wide range of shops, supermarkets, cafés, restaurants and everyday amenities.
Grantham railway station is also within easy reach and provides direct rail services to London King's Cross in around an hour, making the location particularly convenient for visiting family and friends.
Parking is available within the development by allocated space, subject to availability and a separate annual charge.
This is an appealing retirement apartment offering comfortable accommodation, excellent communal facilities and a convenient location, whilst providing the independence of having your own private home within a friendly and secure retirement community.
Residents must be aged 60 or over. The property is Leasehold, with a 125-year lease commencing in 2014, leaving approximately 113 years remaining.
The current ground rent is £495 per annum and the service charge is approximately £416 per month. Prospective purchasers should verify all charges and lease details with their legal adviser.
Entrance Hall Store/Boiler 2m x 1.45m - 6'7” x 4'9” Lounge 5.36m x 3.28m - 17'7” x 10'9” Kitchen 2.52m x 2.28m - 8'3” x 7'6” Bedroom 1 4.58m x 3.03m - 15'0” x 9'11” En-Suite Bathroom 2.2m x 2.14m - 7'3” x 7'0” Bedroom 2 4.15m x 2.84m - 13'7” x 9'4” Shower Room 2m x 1.49m - 6'7” x 4'11”
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
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FAQ
About 9, Martin Court St. Catherines Road, Grantham
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