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Redcross Street, Grantham

East Midlands

£110,000
Listed on 07/01/2026

Property Details

Bedrooms
3
Type
Terraced house

Description

This three-bedroom mid-terraced property presents a promising opportunity for investors or first-time buyers looking to add value through renovation. Located in a desirable area of the East Midlands, the property features a traditional layout with an entrance hall leading to a sitting room and dining room, both offering potential for modern updates. The kitchen, although functional, could benefit from contemporary enhancements and has access to an enclosed rear garden, ideal for outdoor use. The upper floor comprises three well-sized bedrooms, with the main bedroom showcasing a feature fireplace that adds character but may require refurbishment. The bathroom and separate cloakroom are in need of modernisation which opens up possibilities for creating a more efficient space. This home is offered with no onward chain, making it an even more attractive prospect for cash buyers ready to invest in a revitalisation project.

Investment Analysis

(NG31 area)
Area Average
£226/sq ft
Avg Rent (weekly)
£177
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
62
Average per month
Market Turnover
59%
Properties sold annually

Local Market Trend (NG31)

Area prices are stable by +1.5% over the last 12 months
3 year growth: 3.0%
5 year growth: 17.7%
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

Redcross Street, 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
£403
Based on a loan of £82,500 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