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Springfield Road, Grantham, Lincolnshire, NG31 - Image 1
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Springfield Road, Grantham, Lincolnshire, NG31 - Image 3
Springfield Road, Grantham, Lincolnshire, NG31 - Image 4
Springfield Road, Grantham, Lincolnshire, NG31 - Image 5
Springfield Road, Grantham, Lincolnshire, NG31 - Image 6
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Springfield Road, Grantham, Lincolnshire, NG31

East Midlands

£100,000
Listed on 23/01/2026

Property Details

Bedrooms
2
Type
Terraced house

Description

This two-bedroom terraced home on Springfield Road offers a valuable opportunity for those looking to invest in a project. While the property is in need of renovation throughout, it provides a blank canvas that allows for extensive customization to meet personal tastes or rental standards. The ground floor features a bright, inviting lounge and a functional kitchen at the rear, accompanied by a separate utility room that enhances storage options. A basement adds further potential, whether for additional storage or conversion (pending necessary approvals). On the upper level, you will find two spacious double bedrooms along with a family bathroom. There is substantial potential to reconfigure the interior layout to improve space efficiency and increase value—possibilities include creating an open-plan living area, adding a downstairs WC, or modernizing existing facilities in line with current trends. The south-facing rear garden presents additional opportunities for landscaping or establishing an easy-to-maintain outdoor space that could serve as an enjoyable retreat or social area. With strong fundamentals and flexible usage options, this property is ideal for investors with vision who are looking to enhance its appeal as either a stylish residence or a high-yield rental investment. Early viewing is recommended to fully grasp the potential this property holds.

Investment Analysis

(NG31 area)
Area Average
£225/sq ft
Avg Rent (weekly)
£178
Avg Yield
3.9%

Renovation Potential

Heavy 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
73%
Properties sold annually

Local Market Trend (NG31)

Area prices are stable by +0.1% over the last 12 months
3 year growth: 1.9%
5 year growth: 16.4%
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, Lincolnshire, NG31
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£361
Based on a loan of £75,000 over 30 years at 4.06% 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.

Next Steps

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