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Lime Grove, Grantham

East Midlands

£230,000

Listed on 26/06/2026

Property details

Bedrooms
5
Type
Semi Detached
Area
1208 sqft

Description

This substantial five-bedroom semi-detached property is situated in the sought-after Lime Grove area of Grantham, presenting an exceptional opportunity for those looking to invest in a significant renovation project. With a classic layout that includes a welcoming entrance hall leading to spacious living areas, this home offers a solid foundation for both family living and rental potential. The generously sized lounge and kitchen diner are bathed in natural light, highlighting their potential for modern updates. The four double bedrooms provide ample space, ideal for reconfiguration to meet contemporary lifestyles or enhance rental prospects. A standout feature is the expansive rear garden, offering abundant outdoor space ripe for landscaping or other development possibilities, pending planning permission. This property requires comprehensive refurbishment, making it an enticing blank canvas for imaginative buyers capable of transforming it into a bespoke family residence or profitable investment. Situated within a well-regarded residential neighborhood known for its accessibility to local amenities and schools, this home is poised to appeal not only to developers but also to families seeking long-term value through renovation.

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Investment analysis

(NG31 area)

Below Market Value

This property is priced -14.7% below area average per sq ft

-14.7%
Potential saving
This Property
£190/sq ft
Area Average
£223/sq ft
Avg Rent (weekly)
£185
Avg Yield
4.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£296,655
10% above area average per sq ft
Potential ROI
-4.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
45
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (NG31)

Area prices are falling by -3.1% over the last 12 months
3 year growth: +1.0%
5 year growth: +11.5%
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

Lime Grove, Grantham
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£869
Based on a loan of £172,500 over 30 years at 4.45% 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.

Stamp duty calculator

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