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Main Street, Hougham, Grantham

East Midlands

£270,000
Listed on 28/02/2025

Property Details

Bedrooms
2
Type
Detached house

Description

This detached bungalow features two bedrooms and presents a solid foundation for renovation or investment, making it an appealing option for those looking to add value. Located in a village setting, the property benefits from stunning open field views at the rear, providing a tranquil atmosphere along with lovely front gardens that enhance its curb appeal. Internally, the home has been well-maintained but offers ample opportunity for modernization. The spacious lounge is complemented by an additional reception room, which could serve multiple purposes—whether as a cozy den or a vibrant entertaining space. The kitchen includes integrated appliances such as a fridge freezer and dishwasher, along with potential for reconfiguration to create a more contemporary layout. The utility room adds practicality with plumbing for a washing machine and space for additional appliances. Both bedrooms are generously sized; Bedroom One boasts front-facing views while Bedroom Two includes windows that draw in natural light from the side and rear aspects. The family bathroom is functional and offers scope for updates to align it with personal style preferences. Outside, the property is approached via a block-paved driveway that accommodates several vehicles. The sizeable rear garden is not only private but also provides access to surrounding green spaces, enhancing its appeal. There may be potential for extension or additional development (subject to planning permission), allowing new owners to capitalize on this desirable location further. Situated within easy reach of Grantham, Sleaford, and Newark—all offering various amenities including shops, restaurants, and transport links—this property represents an exciting opportunity for those willing to invest time in renovations while enjoying the quiet charm of village life.

Investment Analysis

(NG32 area)
Area Average
£259/sq ft
Avg Rent (weekly)
£269
Avg Yield
3.7%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £20,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
10
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (NG32)

Area prices are rising by +5.4% over the last 12 months
3 year growth: -2.2%
5 year growth: 11.0%
Investment Disclaimer: Analysis based on NG32 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

Main Street, Hougham, Grantham
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£989
Based on a loan of £202,500 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE