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Gelston, Grantham

East Midlands

£700,000
Listed on 16/03/2026

Property Details

Bedrooms
3
Type
Detached Bungalow

Description

This expansive three-bedroom detached bungalow presents an exceptional opportunity for renovation and development. Situated on a remarkable 8.66-acre plot in the desirable village of Gelston, Grantham, the property combines rural charm with significant investment potential. The layout is currently functional, featuring a spacious entrance hall that connects a generous lounge, office space ideal for remote work, and a dining area that adjoins a practical kitchen with a walk-in pantry—perfect for culinary enthusiasts. The garden room enhances the indoor-outdoor connection, while three sizable bedrooms share a family bathroom and two additional WCs for convenience. The extensive grounds boast uninterrupted countryside views and an orchard packed with mature fruit trees. The outbuildings hold promising conversion potential; they can be transformed into creative studios or holiday accommodations (subject to planning permissions). Additionally, the property includes ample garage space for vehicles or hobbies. Notably, it benefits from solar panels generating an annual income of approximately £1,500 to £2,000. Conveniently located near Grantham's amenities and high-speed rail links to London King’s Cross (approx. 65 minutes), this property is not just a home but a canvas waiting to be reimagined.

Investment Analysis

(NG32 area)
Area Average
£259/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £70,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
65%
Properties sold annually

Local Market Trend (NG32)

Area prices are falling by -3.4% over the last 12 months
3 year growth: -8.3%
5 year growth: +3.7%
Investment Disclaimer: Analysis based on NG32 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

Gelston, Grantham
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,525
Based on a loan of £525,000 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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