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Victoria Street, Grantham

East Midlands

£110,000
Listed on 04/09/2025

Property Details

Bedrooms
2
Type
Terraced house

Description

This mid-terrace home presents a compelling opportunity for renovation and investment within a well-established residential neighborhood. With two bedrooms and a traditional layout, the property is well-suited for first-time buyers looking to personalize their living space or buy-to-let investors aiming to enhance its value. The ground floor features a sitting room that welcomes ample natural light through its front-facing uPVC double-glazed window. This area flows into an inner hall that leads to the dining room and provides access to a half cellar—offering potential for additional storage or creative use. The adjoining kitchen is functional, equipped with basic cabinetry and appliances, presenting a blank canvas for modern upgrades. Upstairs, you’ll find two bedrooms, both of which are generously proportioned and equipped with fitted storage solutions. The family bathroom features essential amenities but also allows for reconfiguration options that could introduce contemporary fixtures or additional space. The low-maintenance rear garden is partially paved, bordered by mature hedging, and includes three outbuildings—ideal for storage or as utility spaces—enhancing the property's functionality. Furthermore, the outdoor area could be transformed into an inviting retreat with some landscaping work. Located in Grantham, the home benefits from proximity to key amenities including local schools, shops, and leisure facilities. The town’s transport links provide quick access to London via the East Coast main line, making it appealing for commuters. With gas central heating already installed and uPVC double glazing throughout, there is a solid foundation in place for future enhancements. Offered with no upward chain, this property holds significant potential for those ready to invest in revitalizing it to meet modern standards while adding personal touches.

Investment Analysis

(NG31 area)
Area Average
£225/sq ft
Avg Rent (weekly)
£181
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
59
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (NG31)

Area prices are stable by +1.5% over the last 12 months
3 year growth: 3.5%
5 year growth: 18.1%
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

Victoria Street, Grantham
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£403
Based on a loan of £82,500 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