3-bedroom terraced house · NG31 6QL
Sold STCListed 21 daysAuction 27 Oct · in 4 days
Opportunity summary
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About
FOR SALE VIA NATIONAL ONLINE AUCTION. BIDDING OPENS ON MONDAY 26th OCTOBER AT 1PM, AND CLOSES TUESDAY 27th OCTOBER FROM 11AM. REGISTER TO BID!
Offered for sale by auction is this vacant three-bedroom three-storey terraced home, located in Grantham.
The property comprises an Entrance Hall, a Living Room, a Dining Room and a Kitchen to the ground floor, with access to a Cellar. On the first floor are two Bedrooms, and a Bathroom.
To the 2nd floor is an Attic Bedroom. Externally there is on-street parking available close to the property, and a yard to the rear.
Situated in a well-established residential area, the property is conveniently placed for local amenities, transport links, plus hospitals and universities, making it an attractive prospect for both resale and rental markets.
Key Features: Approx. 90 sq.
meters of accommodation Three bedroom Three storey terrace Refurbishment opportunity Popular and well-connected location Vacant possession Investment Summary Rental income can be expected at approximately £900pcm, once renovated Attractive guide price reflecting condition Tenure: See Legal Pack Administration Fee: £3600 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Value & comps
No previous sales on record.
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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 starting price
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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 7 George Street, Grantham NG31 6QL
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