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High Street, GRANTHAM

East Midlands

£250,000
Listed on 26/03/2026

Property Details

Bedrooms
1
Type
Block Of Apartments

Description

This property presents an attractive investment opportunity, featuring approved planning permission for the conversion of a commercial space into residential use. The project proposes the development of nine flats, including seven one-bedroom units and two two-bedroom units, centrally located in Grantham. With its own ground floor entrance leading to the first floor, the layout is well-suited for this transformation. Grantham is a bustling market town with numerous amenities such as shops, dining options, and educational facilities, making it appealing for potential tenants or buyers. Additionally, the property's location provides excellent transport links to major routes and a train service enabling easy access to London. Given its positioning within a conservation area and adjacent to Grade II listed buildings, there is significant potential for value appreciation post-renovation. This offering is ideal for investors looking to develop and either sell or retain units for rental income.

Investment Analysis

(NG31 area)
Area Average
£226/sq ft
Avg Rent (weekly)
£173
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
62
Average per month
Market Turnover
67%
Properties sold annually

Local Market Trend (NG31)

Area prices are stable by -0.1% over the last 12 months
3 year growth: +1.4%
5 year growth: +15.5%
Investment Disclaimer: Analysis based on NG31 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

High Street, GRANTHAM
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£902
Based on a loan of £187,500 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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