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Welham Street, Grantham, NG31

East Midlands

£115,000

Listed on 02/06/2026

Property Details

Bedrooms
2
Type
Terraced
Area
787 sqft

Description

This property presents a compelling opportunity for investors and future homeowners to revitalize a well-sized house in the heart of Grantham. With no onward chain, you have the freedom to commence renovations immediately and shape this residence into your ideal space. The ground floor consists of two spacious reception rooms that can be reimagined according to contemporary living preferences—whether as a stylish lounge, an open-plan dining area, or a multifunctional family room. The kitchen and a convenient downstairs WC complete this level, offering practical features for daily living. Moving upstairs, there are two sizable double bedrooms accompanied by a family bathroom, providing ample accommodation for a small household or rental potential. Additionally, the half cellar adds valuable storage space which can also be utilized creatively. The property's generous proportions and prime location make it ripe for enhancements, allowing you to infuse modern touches throughout. Whether you're looking to create your dream home or capitalize on its investment potential, this property is ready for transformation.

Investment Analysis

(NG31 area)

Below Market Value

This property is priced -34.5% below area average per sq ft

-34.5%
Potential saving
This Property
£146/sq ft
Area Average
£223/sq ft
Avg Rent (weekly)
£185
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£193,268
10% above area average per sq ft
Potential ROI
+24.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
45
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (NG31)

Area prices are falling by -3.1% over the last 12 months
3 year growth: +1.0%
5 year growth: +11.5%
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

Welham Street, Grantham, NG31
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£434
Based on a loan of £86,250 over 30 years at 4.45% 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.

Stamp Duty Calculator

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