2-bedroom flat · NG31 6QY
To rentListed 17 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Flat 2 – is accessed via the rear of the High Street on Elmer Street South through the communal entrance with intercom. Leading up a stairway to the apartment.
Entrance door which leads you into the hallway of the apartment.
Bathroom - 3 piece suite in white which comprises of a basin & pedestal with chrome effect mono tap, low level W.C with chrome effect push flush, bath with back and side panel in white, electric Triton T80 Shower over the bath.
Extremley spacious Kitchen/Living Room – Kitchen Area – Range of base and wall units in a white Shaker style with Chrome T bar handles, Lamona electric hob with Lamona electric single oven, Chimney style brushed stainless steel extractor, space for a fridge & washing machine, Chrome single basin/drainer sink with mono style tap in chrome, wood effect vinyl flooring to the kitchen area and carpet to the living area.
Insert spotlights and single pendent light, electric radiator, uPVC DG window.
Bedroom 1 – continuation of the carpet from the hallway, walls are painted in white, electric radiator, uPVC DG Window, Bedroom 2 – continuation of the carpet from the hallway, walls are painted in white, electric radiator, uPVC DG Window.
This is an extremely spacious apartment that has been developed to a very good standard and MUST BE SEEN TO APPRECIATE THE SIZE OF THE PROPERTY!
A holding deposit equivalent to one weeks rent will be required to hold the property whilst references are being carried out.
If the applicant provides false or misleading information, withdraws from the property, fails Right to Rent checks or fails to sign their tenancy agreement within 15 calendar days (or other deadline date mutually agreed in writing) the holding deposit can be retained.
Immigration Act 2014 and The Right to Rent regulation. Prospective tenants will be required to produce original identification documentation when renting in the UK.
The landlord has the right to decline an applicant after referencing. REDRESS SCHEME Property Redress Scheme PR
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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
FAQ
About Elmer Street South, Grantham, NG31
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