3-bedroom terraced house · NG31 7PJ
For saleReduced £5k (−3.2%) on 30 SepListed 40 days
Opportunity summary
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About
A modest three bedroom mid-terrace property offering an excellent opportunity for those looking for a home to improve and make their own.
Whilst requiring some updating and cosmetic improvement, the property has bags of potential, with well-proportioned accommodation including a large lounge, kitchen diner and three bedrooms to the first floor, together with a refitted shower room.
Outside, there is a decent enclosed rear garden, providing a good private space, whilst the front of the property is approached via a hedged pathway leading to the entrance.
The property represents an appealing project for an investor looking to add value, or equally a great opportunity for a first time buyer seeking a home they can put their own stamp on, with some tlc and cosmetic improvements.
Entrance Hall 2.04m x 1.85m - 6'8” x 6'1” A generously proportioned entrance hall, providing plenty of room to comfortably remove shoes and coats as you arrive, with ample space for freestanding or fitted storage to keep everything neatly organised.
Accessed through a UPVC door, the hall provides a practical entrance to the home, with a door leading through to the lounge.
Lounge 4.82m x 3.87m - 15'10” x 12'8” A spacious and naturally light lounge with a lovely, well proportioned shape, offering plenty of room for a good range of lounge furniture including sofas and chairs.
A large front facing window allows plenty of natural light into the room whilst overlooking the front of the property.
An open staircase rises to the first floor, creating a feeling of space, with the room flowing naturally through towards the rear and the kitchen diner beyond.
The fireplace houses the existing back boiler, and whilst the room would benefit from redecoration, it provides a good sized and versatile living space with plenty of potential.
Kitchen Diner 4.74m x 2.73m - 15'7” x 8'11” A generous kitchen diner spanning the full width of the house and offering two distinct areas, providing plenty of scope to create a practical and sociable space.
To one side, the kitchen comprises a range of cupboards and drawers, with ceramic hob, fitted oven and sink positioned beneath the window overlooking the rear garden.
A useful storage cupboard makes excellent use of the space beneath the stairs, whilst two frosted windows borrow natural light from the lounge. A door provides direct access into the rear garden.
The opposite side of the room offers ample space for a dining table and chairs.
The kitchen itself is in need of an upgrade, but this is a good sized room with plenty of potential to create an excellent kitchen and dining space.
Landing 2.98m x 1.96m - 9'9” x 6'5” Climbing the stairs from the lounge, the staircase opens onto an L-shaped landing providing access to all three bedrooms and the refitted shower room.
There is also access to the loft from the landing.
The area is carpeted and wallpapered and, whilst it would benefit from some redecoration, it is perfectly usable as it stands and provides a practical link to the first floor accommodation.
Bedroom 1 4.14m x 2.67m - 13'7” x 8'9” A good-sized double bedroom overlooking the front of the property. Fitted wardrobes and cupboards are arranged around the bed area, providing practical storage.
An airing cupboard neatly tucked into the corner houses the hot water tank and also incorporates additional shelving, ideal for storing spare towels and bedding.
The room is finished with a blue carpet and complementary wallpaper, offering a comfortable and well proportioned bedroom with plenty of potential.
Bedroom 2 3.31m x 2.67m - 10'10” x 8'9” A further good sized double bedroom with pleasant views over the rear garden.
The neutral walls and carpet help make this a versatile room that would work equally well as a guest bedroom or a comfortable bedroom for an older child.
Bedroom 3 2.72m x 1.99m - 8'11” x 6'6” A generous single bedroom positioned at the front of the property and offering a versatile additional room.
Finished with wallpaper and a dark green carpet, it would make an ideal child's bedroom or nursery, whilst equally lending itself to use as a home study or work-from-home space.
Bathroom 1.96m x 1.66m - 6'5” x 5'5” A smartly refitted shower room which is modern, clean and ready to use, no need for further upgrading.
The suite comprises a curved corner shower cubicle with glass door, pedestal wash hand basin and low level WC.
The room is fully tiled in neutral beige tones for easy maintenance, with a modesty window providing natural light and ventilation.
A particularly useful feature for those looking to move straight in without the need for additional work.
Front Access An attractive frontage with neat box hedging defining two sides of the boundary, complemented by a low wall to the left.
A neat lawn sits within the boundaries, with a paved pathway and planted border leading to the front door, creating a welcoming approach to the property.
Rear Garden A fully enclosed rear garden offering a good degree of privacy and plenty of scope for a keen gardener to make their mark.
The garden is laid mainly to lawn, with a pathway running down the side and a substantial, secure outbuilding providing excellent space for garden tools and equipment.
There is gated access to the rear via a shared alley, as well as direct access from the kitchen, making the garden particularly practical.
A great blank canvas with plenty of potential to create a lovely outdoor space.
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
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FAQ
About 12, Hillingford Way, Grantham
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