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See how verdicts work1-bedroom flat · NG31 6LX
Listing removedListed 261 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary A great opportunity to purchase a one bedroom flat has arisen in an ideal location in the centre of grantham.
The property comprises of and lounge/diner with kitchenette, bathroom and a bedroom.
*investor buyers - tenant in situ * description investor buyers- Tenant in Situ Connells are pleased to present this great opportunity to purchase this one bedroom flat in a listed building, in an ideal location in the centre of Grantham.
The property comprises of a lounge with kitchenette, bathroom and a bedrooms.
This property is in the town centre and has everything on the doorstep and the train station is only a five minute walk which means the property would be prefect for a first time buyer or investor.
No chain here! The market town of Grantham is a superbly located town set in the centre of a number of larger towns and cities.
Nottingham, Lincoln, Boston, Spalding, Peterborough, Stamford and Leicester are all approximately 30 miles away.
The mainline train station in the town centre takes you to London Kings Cross in only 58 minutes.
Agents Notes The flat has not yet been registered at land registry and details of the lease are yet to be finalised.
The vendor has advised that a draft lease will be created which would be finalised on completion in preparation for submission at Land Registry.
The advertised lease details have been provided by the seller as a guide only and subject to confirmation.
We recommend that you seek guidance with regards to any financial arrangements and timeframes associated with this process to ensure that it will meet your requirements.
Entrance Hall Open Plan Lounge Kitchen 24' x 13' 5" ( 7.32m x 4.09m ) Kitchen: A range of wall and base units with rolled edge work surfaces, stainless steel sink drainer with mixer tab, integrated oven hob and cooker hood.
Bedroom 11' 2" x 8' 2" ( 3.40m x 2.49m ) Bathroom Bath with mixer tap and shower attachment, wash hand basin, low level WC.
We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.
1.
Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
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 Flat 1, 24, Westgate, Grantham
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