2-bedroom flat · NG31 7GP
For saleListed 55 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide Price £115,000 to £120,000 - Spacious Two-Bedroom Second Floor Apartment with Allocated Parking - We are delighted to offer for sale this spacious and well-presented two-bedroom second floor apartment, ideally situated on the outskirts of Grantham whilst remaining within convenient walking distance of the town centre.
Offering well-proportioned accommodation, modern fixtures and fittings, allocated parking and an attractive lease length, this property would make an excellent first-time purchase, downsizing opportunity or investment.
The apartment is accessed via a communal entrance and leads into a welcoming private entrance hall, providing access to all the main accommodation.
The generous open-plan lounge and dining area creates a fantastic central living space, with a Juliet balcony allowing plenty of natural light and providing an attractive outlook.
The living space flows naturally into the kitchen, fitted with a range of modern wall and base units with complementary work surfaces, together with a gas hob and electric oven.
There is also useful space for additional appliances, making the kitchen both practical and well suited to modern living.
The property provides two good-sized bedrooms, with the principal bedroom benefiting from fitted wardrobes providing excellent storage. A well-appointed family bathroom completes the accommodation.
Externally, the property benefits from one allocated parking space, providing valuable off-road parking for residents. Further benefits include uPVC double glazing and gas central heating.
The property also has approximately 108 years remaining on the lease, with a ground rent of £250 per annum and a service charge of approximately £1,578 per annum.
The location is particularly convenient, positioned on the outskirts of Grantham with direct access to the A1, whilst also being within walking distance of the town centre.
Grantham offers an extensive range of amenities including shops, supermarkets, cafés, restaurants, bars, a cinema, healthcare services and a choice of primary and secondary schools, including both of the town's renowned grammar schools.
For commuters, Grantham railway station is within easy reach and provides a direct mainline service to London King's Cross in around an hour, making this an appealing location for those needing access to London and other major towns and cities.
With its spacious accommodation, modern kitchen, two bedrooms, allocated parking and convenient location, this is an excellent opportunity to acquire a well-presented apartment with a good lease length.
Early viewing is highly recommended to appreciate the space and convenient position this property has to offer.
Entrance Hall Lounge 4.77m x 3.44m - 15'8” x 11'3” Kitchen 2.3m x 2.27m - 7'7” x 7'5” Bedroom 1 5.3m x 2.6m - 17'5” x 8'6” Bedroom 2 3.64m x 1.8m - 11'11” x 5'11” Bathroom 2.06m x 1.93m - 6'9” x 6'4”
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 57, Hathersage Close, Grantham
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