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High Street, GRANTHAM

East Midlands

£250,000
Listed on 17/02/2026

Property Details

Bedrooms
11
Type
Block Of Apartments

Description

This property presents a compelling investment opportunity with planning permission secured for the conversion of its first floor into nine residential flats, comprising seven one-bedroom and two two-bedroom units. Located centrally in Grantham, this site benefits from its proximity to local amenities and transport links, making it an attractive option for future tenants or buyers. The planned development will involve repurposing the existing commercial space, thereby allowing flexibility in maximizing rental income or resale potential. Given that Grantham is a vibrant market town with a variety of services and good commuting options to London, this project holds significant promise for investors looking to enter the residential market. Additionally, the property's position within the Grantham Conservation Area adds an extra layer of charm and historical significance that can be capitalized on during renovations.

Investment Analysis

(NG31 area)
Area Average
£226/sq ft
Avg Rent (weekly)
£173
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
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
67%
Properties sold annually

Local Market Trend (NG31)

Area prices are stable by -0.1% over the last 12 months
3 year growth: +1.4%
5 year growth: +15.5%
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

High Street, 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
£902
Based on a loan of £187,500 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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