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Lime Grove, Grantham

East Midlands

£230,000
Listed on 03/12/2025

Property Details

Bedrooms
5
Type
Semi-detached house
Area
1208 sqft

Description

This five-bedroom semi-detached property in Lime Grove, Grantham presents an exceptional renovation opportunity for those looking to craft a tailored family home or secure a promising rental investment. The well-proportioned layout begins with a welcoming entrance hall that connects to both the spacious lounge and kitchen diner, creating an ideal flow for everyday living and entertaining. With four generously sized double bedrooms, the accommodation offers flexibility to adapt to modern family needs. The expansive rear garden is particularly noteworthy, providing ample space for landscaping or even potential development (subject to planning permission). The house requires a comprehensive refurbishment, allowing buyers the chance to design interiors that reflect their personal style and vision. Located in a highly regarded residential area, this property is conveniently close to local amenities and schools while maintaining a peaceful atmosphere suitable for families. This offering stands out as an appealing project for developers and investors alike.

Investment Analysis

(NG31 area)

Below Market Value

This property is priced -15.5% below area average per sq ft

-15.5%
Potential saving
This Property
£190/sq ft
Area Average
£225/sq ft
Avg Rent (weekly)
£181
Avg Yield
4.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£299,445
10% above area average per sq ft
Potential ROI
-6.4%
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

Lime Grove, 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
£843
Based on a loan of £172,500 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