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Lodge Way, GRANTHAM

East Midlands

£315,000
Listed on 03/10/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This three-bedroom dormer-style house presents a blend of comfortable living and notable renovation potential in a desirable neighborhood. Located within walking distance of the town center, residents can easily access a variety of local amenities and recreational facilities, including Queen Elizabeth Park and scenic river pathways. The property occupies a generous plot with gardens at the front, side, and rear, along with a single garage featuring an electric door. The spacious layout includes versatile accommodation across two floors, allowing for various living arrangements. The ground floor consists of a lounge with a feature fireplace and French doors leading to a garden room, which is in need of some upgrading but offers additional living space. The kitchen is functional with ample storage and provides access to a utility area that includes plumbing for washing machines. A downstairs bedroom can serve as either a comfortable sleeping area or dining room while the accompanying shower room features modern fittings including tiled walls. Upstairs, two further bedrooms are complemented by an en-suite in the master suite, making this home suitable for families or those seeking extra guest accommodations. Outside, the expansive gardens provide ample space for outdoor activities or gardening projects, with potential opportunities for extension to enhance the property further (subject to planning permission). Off-road parking accommodates two to three vehicles conveniently. Situated in Grantham—a bustling market town—this residence is ideally placed near supermarkets, schools, leisure centers, and transport links including train services to London Kings Cross. Additionally, local attractions such as Belton House and Rutland Water add further appeal to this investment opportunity. With its strategic location and flexible layout ripe for modernization or expansion, this property holds significant promise for homeowners and investors alike looking to create their ideal living space.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
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

Lodge Way, 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
£1,154
Based on a loan of £236,250 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