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Belton Lane in Grantham

East Midlands

£275,000
Listed on 31/12/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1634 sqft

Description

Nestled in a desirable area of Grantham, this spacious detached family home presents an excellent opportunity for renovation and investment. Set on a generous plot of approximately one-fifth of an acre, the property features a welcoming reception hall that leads into a large lounge diner, providing ample space for family gatherings. The kitchen is equipped with plenty of storage options but would benefit from modernisation to enhance functionality. With four bedrooms on the first floor—three of which include built-in wardrobes—this home can be tailored to meet contemporary living standards. The family bathroom, while functional, could also be updated for a more modern aesthetic. The exterior boasts a crescent-shaped driveway leading to a double garage, while the sizeable rear garden offers potential for landscaping or outdoor entertaining spaces. Although the property includes UPVC double-glazing and gas central heating, initial renovations may involve addressing some structural concerns noted in a recent report related to subsidence and masonry cracks. Given these considerations, prospective buyers should evaluate necessary repairs alongside desired cosmetic improvements. This property is available with no onward chain, making it an appealing option for those looking to invest and add value in an established neighbourhood.

Investment Analysis

(NG31 area)

Below Market Value

This property is priced -25.3% below area average per sq ft

-25.3%
Potential saving
This Property
£168/sq ft
Area Average
£225/sq ft
Avg Rent (weekly)
£181
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£405,044
10% above area average per sq ft
Potential ROI
+8.0%
After renovation
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

Belton Lane in 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
£1,007
Based on a loan of £206,250 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