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Northgate, Sleaford NG34 - Image 1
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Northgate, Sleaford NG34

East Midlands

£390,000

Listed on 01/06/2026

Property Details

Bedrooms
2
Type
Apartment

Description

This significant Victorian block of flats presents a compelling investment opportunity in a prime town centre location. Comprising multiple units, each with its own private entrance, the property showcases original period features such as high ceilings, sash windows, and charming shutters. While the building is generally well-maintained, there's evident potential for improvement and modernization across several apartments to enhance rental income further. With a spacious basement that could be converted into two additional flats (subject to necessary consents), this asset not only promises immediate yield with all units currently tenanted but also offers substantial long-term growth prospect through enhanced management strategies like title splitting or introducing service charges. This is an excellent chance to acquire a multifamily unit with both steady cash flow and the potential for increased value through renovation.

Investment Analysis

(NG34 area)
Area Average
£236/sq ft
Avg Rent (weekly)
£206
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
48
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (NG34)

Area prices are falling by -2.7% over the last 12 months
3 year growth: -3.5%
5 year growth: +5.6%
Investment Disclaimer: Analysis based on NG34 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

Northgate, Sleaford NG34
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,473
Based on a loan of £292,500 over 30 years at 4.45% 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.

Stamp Duty Calculator

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