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Commercial Road, Grantham, NG31

East Midlands

£135,000
Listed on 21/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1667 sqft

Description

This charming three-bedroom terraced house in the heart of Grantham presents a unique renovation opportunity for those looking to create a personalized living space. The property spans three levels and features a traditional layout, making it ideal for families or investors with a vision for refurbishment. On the ground floor, you will find a bright and spacious lounge that flows into a separate dining room, offering versatile options for entertaining or family life. The kitchen is well-sized and provides access to both the front and side entrances of the property. With some creative reconfiguration, there is potential to enhance the layout significantly, including converting the existing external WC into a modern downstairs bathroom—a sought-after addition in today’s market. The first floor hosts two generously proportioned double bedrooms, with one featuring built-in storage and an adjoining room that offers flexibility for use as a dressing area, home office, or nursery. This configuration also lends itself well to easily transforming into an en-suite facility, adding further appeal. Ascending to the top floor reveals a third bedroom along with an attic space that can serve as additional storage or be developed further, subject to planning permissions. The presence of a cellar adds even more potential for conversion or practical use. Outside, you’ll discover a two-storey outbuilding that opens up numerous possibilities—whether as an independent guest suite, studio space, or even an Airbnb rental unit. The rear garden remains largely untouched and provides a blank canvas for landscaping according to your preferences. Positioned centrally in Grantham, this property not only boasts immediate convenience with access to local amenities but also stands as an investment opportunity ripe for enhancement through strategic renovations. Whether you envision extending existing features or completely reimagining the space, this property certainly has the potential to transform into something remarkable.

Investment Analysis

(NG31 area)

Below Market Value

This property is priced -64.1% below area average per sq ft

-64.1%
Potential saving
This Property
£81/sq ft
Area Average
£225/sq ft
Avg Rent (weekly)
£181
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£35,000 - £60,000
Target Value
£413,224
10% above area average per sq ft
Potential ROI
+111.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
59
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (NG31)

Area prices are stable by +1.5% over the last 12 months
3 year growth: 3.5%
5 year growth: 18.1%
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

Commercial Road, Grantham, NG31
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£495
Based on a loan of £101,250 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE