1-bedroom flat · NG31 6SS
Listing removedListed 216 days
Opportunity summary
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About
Tenure: Leasehold Potential 10% Yield Conveniently located a short walk to Grantham Town Centre is this beautifully presented one bedroom first floor flat!
The property offers comfortable and easily run accommodation within easy access to the town's local amenities.
The flat offers spacious accommodation and comprises as follows: Entrance Porch, Kitchen/Dining Area, Lounge Area, Bathroom and a generous Bedroom. Call now to arrange your viewing!
Location The property is within easy walking distance of the town centre, local schools and Wyndham Park.
There is a bus service along Brook Street, a short walk away, with local services as well as buses to Lincoln and Sleaford.
Travel connections in the area are excellent - the A1 passes to the west of the town providing access to major commuter areas and the A52 crosses through taking you east to Boston and west to Nottingham.
Grantham station is on the East Coast mainline giving direct services to London Kings Cross with a journey time from around 70 minutes, Newark in 10 mins and Peterborough in 20 mins.
Cross country service to Nottingham in just 30 mins.
Grantham has successful Community, Special and Independent schools for children of all ages as well as the town’s two grammar schools: Kesteven and Grantham Girls School and the King’s Grammar School.
Entrance Porch With stairs leading to the first floor accommodation. Dining Area Having uPVC double glazed window to the front aspect, radiator and laminate flooring.
Open to the kitchen area and door to a courtyard area which has an external staircase with access to the roof.
Kitchen With uPVC double glazed window to the front and side aspect, eye and base level units, inset one and a half bowl stainless steel sink and drainer, work surfacing with inset electric hob with extractor over and oven beneath, wall mounted central heating boiler, space and plumbing for washing machine and laminate flooring.
Lounge Having uPVC double glazed window to the front aspect, radiator and laminate flooring.
Bedroom A dual aspect room with uPVC double glazed window to the front and side, built-in wardrobe, radiator and laminate flooring.
Bathroom Having uPVC obscure double glazed window to the side aspect, panelled bath with shower over and glazed screen, pedestal wash basin and low level WC., tiling to wet areas, extractor, heated towel rail and vinyl flooring.
Tenure The property is leasehold. There will be a 999 year lease starting from completion of the sale.
Directions From High Street continue onto Watergate following the one way system turning right onto Broad Street and left onto Brook Street.
At the traffic lights adjacent to the King's School turn right onto Castlegate and the property is on the corner of Redcross Street.
Agents Note Please note these are draft particulars awaiting final approval from the vendor, therefore the contents within may be subject to change and must not be relied upon as an entirely accurate description of the property.
Although these particulars are thought to be materially correct, their accuracy cannot be guaranteed and they do not form part of any contract.
Some measurements are overall measurements and others are maximum measurements. All services and appliances have not and will not be tested.
Note Anti-Money Laundering Regulations – Intending purchasers will be required to provide identification documents via our compliance provider, Coadjute, at a cost of £54 inc. VAT per transaction.
This will need to be actioned at the offer stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
Newton Fallowell and our partners provide a range of services to buyers, although you are free to use an alternative provider.
If you require a solicitor to handle your purchase and/or sale, we can refer you to one of the panel solicitors we use. We may receive a fee of up to £300 if you use their services.
If you need help arranging finance, we can refer you to the Mortgage Advice Bureau who are in-house. We may receive a fee of £300 if you use their services.
For more information please call in the office or telephone .
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.
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FAQ
About 41b Castlegate, Grantham
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