2-bedroom house · NG31 8GN
Let agreedReduced £50 (−6.3%) on 23 SepListed 47 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Modern, town house in good condition and on this popular cul de sac location and with accommodation comprising living room, kitchen, one double and one single bedroom and bathroom with shower above the bath.
The kitchen has a built in dish washer and fridge, and the property further benefits full gas central heating and sealed unit double glazing.
There is a separate garden (not behind the property, but along the path nearby), a front garden, and off road parking for two cars. Currently let but should be available start October.
Sorry no smokers or sharers, EPC instructed, Council tax band A. There is no up front fee. You will be required to pay a Holding Deposit of £100 if you wish to be considered for a tenancy.
Once received, we will set the property to Let Agreed and not show anyone else around whilst we are considering your application.
We will have 15 days to take references and commence the tenancy, although this can be extended by mutual, written agreement.
The Holding Deposit is refundable in full unless you fail a Right to Rent check, regardless of when the deposit was accepted, you provide false or misleading information to the landlord or letting agent, you notify the landlord or letting agent before the deadline for agreement that you have decided not to enter into a tenancy agreement, or you fail to take all reasonable steps to enter into a tenancy agreement within the 15 day period.
In these circumstances, the deposit will be forfeit. On signing a tenancy, you need to pay the first month's rent and deposit in cleared funds on the day of signing (i.e.
cash, banker's draft or via bank transfer, as long as the transfer is a guaranteed payment that cannot be cancelled).
If a tenancy proceeds we will, with your agreement, deduct the holding deposit from the money due to be paid on signing the tenancy.
Fees during the Tenancy: There is a charge of £50 including vat that can be made to recover the reasonable costs that have incurred as a result of replacing a lost key or security device which has been lost/damaged by the tenant.
If the tenant wishes to change any details on the tenancy agreement there is a charge of £50 including vat.
There is also a charge of 3% above Bank of England base rate in interest on the late payment of rent. chargeable for the day it was due to the day it is paid.
Any breach of contract where there is any financial loss by the Landlord can be charged to the Tenant during the tenancy or from the deposit after the tenancy has finished.
Pigott and Hall are members of ARLA PROPERTYMARK and belong to the PROPERTYMARK CMP (Client's Money Protection Scheme) and to TPO (The Property Ombudsman) redress scheme.
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 Palmwood Close, Grantham, Lincolnshire, NG31
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