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Gorse Rise, Grantham

East Midlands

£190,000
Listed on 04/02/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
897 sqft

Description

This three-bedroom home, spread over two levels, presents a distinctive opportunity for investors or buyers looking to create their ideal living space. Currently requiring modernization, this property is devoid of any chain, facilitating a straightforward purchase process. The ground floor features an inviting entrance hall that leads to a practical kitchen/diner and a spacious lounge, both of which offer fantastic potential for improvement and enhancement. Additionally, there is a convenient downstairs WC. Moving to the first floor, the layout includes three well-sized bedrooms along with a family bathroom that can be refreshed to meet contemporary standards. The rear garden provides ample outdoor space that could be transformed into a delightful area for relaxation or entertainment. This property stands as an excellent investment prospect due to its favorable size and configuration, allowing for various renovation possibilities.

Investment Analysis

(NG31 area)

Below Market Value

This property is priced -5.9% below area average per sq ft

-5.9%
Potential saving
This Property
£212/sq ft
Area Average
£225/sq ft
Avg Rent (weekly)
£178
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£222,106
10% above area average per sq ft
Potential ROI
-1.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Gorse Rise, Grantham
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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
£685
Based on a loan of £142,500 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.

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