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East Midlands

£120,000
Listed on 17/02/2026

Property Details

Bedrooms
2
Type
Semi-detached house

Description

This generously sized property offers a unique opportunity for those looking to invest in renovation potential. It features a sizable lounge/dining area measuring 22'5" x 11'8", along with a fitted kitchen that includes a pantry and a welcoming hallway. Upstairs, you will find two double bedrooms and a spacious shower room, all of which could benefit from modern updates. The home includes a garage adjacent to the property, which presents an excellent chance for conversion or extension (pending necessary planning permissions). Additionally, the property boasts a rear garden and an extended front garden that enhances its outdoor space. While it requires modernization, this home is ideal for both first-time buyers and investors eager to undertake a project. Conveniently located in South Witham, it provides easy access to the A1 and is in close proximity to market towns such as Stamford, Oakham, and Grantham—making it perfect for commuters with direct train services to London Kings Cross in just over an hour. Local amenities include a public house, primary school, shops, village hall, and takeaway options.

Investment Analysis

(NG33 area)
Area Average
£257/sq ft
Avg Rent (weekly)
£241
Avg Yield
2.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
10
Average per month
Market Turnover
31%
Properties sold annually

Local Market Trend (NG33)

Area prices are stable by +0.7% over the last 12 months
3 year growth: -9.5%
5 year growth: +2.6%
Investment Disclaimer: Analysis based on NG33 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

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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£433
Based on a loan of £90,000 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.

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