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Princess Drive, Grantham

East Midlands

£115,000
Listed on 31/12/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
967 sqft

Description

This mid-terraced house presents an excellent opportunity for investors or buyers looking to create their ideal home through renovation. Located in the sought-after area of Princess Drive, this property comprises a hallway leading to a lounge and kitchen, along with a lean-to extension, three bedrooms, and a family bathroom. The property benefits from a sizable rear garden, providing potential for landscaping or outdoor enhancements. Although it requires modernisation, the space and layout offer great potential to add value. The locality is convenient, with essential amenities including schools, shops, and healthcare services nearby. Additionally, Grantham’s vibrant town centre offers further attractions such as leisure facilities and access to transport links on the A1 and A52, making commuting straightforward. This residence is not just a home; it’s a canvas awaiting your vision for transformation.

Investment Analysis

(NG31 area)

Below Market Value

This property is priced -47.2% below area average per sq ft

-47.2%
Potential saving
This Property
£119/sq ft
Area Average
£225/sq ft
Avg Rent (weekly)
£181
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£239,705
10% above area average per sq ft
Potential ROI
+59.8%
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

Princess Drive, 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
£421
Based on a loan of £86,250 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