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Springfield Road, Grantham, NG31

East Midlands

£105,000
Listed on 18/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
808 sqft

Description

This two-bedroom terraced property presents an intriguing opportunity for those interested in renovation and investment. Ideal for investors, renovators, or first-time buyers, this home offers the chance to tailor a living space to your preferences or to enhance its market value. The interior layout includes a bright living room that invites creativity in design while offering functional space for relaxation. The kitchen, conveniently adjacent, provides ample room for modernization. A separate utility room adds practicality and potential for reconfiguration. The ground floor also benefits from a basement area that can serve as additional storage or be transformed into usable living space. Upstairs, you will find two spacious double bedrooms along with a family bathroom that could benefit from updates. There is significant scope for improvement throughout the home, including possibilities like creating an open-plan layout or adding a downstairs bathroom—options that would likely enhance both daily functionality and overall value. The rear garden, currently in need of some attention, offers a blank canvas for landscaping or creating an outdoor retreat tailored to your needs. With the right vision and effort, this space could become a welcoming extension of the home. Positioned in a location with strong rental demand, the property has an estimated rental income potential of £700–£750 per month—translating to a competitive yield of around 7.6%. This makes it an appealing option for anyone looking to expand their buy-to-let portfolio. With solid structural integrity and abundant renovation potential, this property represents a unique canvas ready for transformation into either a cherished residence or a lucrative investment opportunity.

Investment Analysis

(NG31 area)

Below Market Value

This property is priced -42.3% below area average per sq ft

-42.3%
Potential saving
This Property
£130/sq ft
Area Average
£225/sq ft
Avg Rent (weekly)
£181
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£200,291
10% above area average per sq ft
Potential ROI
+48.4%
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

Springfield Road, Grantham, NG31
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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
£385
Based on a loan of £78,750 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