2-bedroom house · NG31 7TS
Listing removedListed 231 days
Opportunity summary
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About
Muir is delighted to present Somerby View, Grantham, Lincolnshire. This development features 2 and 3 bedroomed homes available to purchase as shared ownership.
These homes have been developed by Bloor Homes.
Each new-build home has been carefully designed to offer spacious, practical fitted kitchens, comfortable living spaces, well planned bedrooms and attractive exteriors.
Every aspect of your new Muir home is carefully finished to the highest standard and the development is designed to compliment the surrounding market town of Grantham.
With a wide range of local amenities and excellent transport links from where trains run to London Kings Cross in just over an hour, Grantham provides an excellent environment, ideal for both growing families and professional commuters.
Full Market Value 2 Bedroom -£220,000 40 % share value £88,000 Monthly rent - £302.50 Service Charge £13.90 Council Tax: Council tax bands are often not released until the property is complete.
Eligibility Have a combined household income under £80,000 per annum Not already own a property, or part of a property, at the time of completing on your purchase Be unable to purchase a suitable home to meet your housing needs on the open market.
Information on Shared Ownership; If you can't afford the mortgage on 100% of a home, Shared Ownership offers you the chance to buy a share of your home (between 25% and 75%) and pay rent on the remaining share.
You could buy bigger shares when you can afford to do so which is referred to as 'staircasing' and the more shared you own, the less rent you pay.
Muir Housing Group offer 'staircasing' to 100% ownership. Management and estate charges apply.
*Images are representative only For walk round videos please visit and like us on social media; Instagram - 'homesbymuir' Tiktok 'homesbymuir' Facebook - Muir Group Housing Association
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
Agent & docs
FAQ
About Somerby View, 17, Horsa Close, Grantham
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