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Springfield Road, Grantham, Lincolnshire, NG31 - Image 1
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Springfield Road, Grantham, Lincolnshire, NG31 - Image 3
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Springfield Road, Grantham, Lincolnshire, NG31 - Image 5

Springfield Road, Grantham, Lincolnshire, NG31

East Midlands

£105,000

Listed on 24/06/2026

Property Details

Bedrooms
2
Type
Terraced
Area
861 sqft

Description

This two-bedroom terraced home presents a valuable opportunity for those seeking a renovation project in the East Midlands. With a fresh perspective, this property allows for complete customization and modernization throughout. The current layout features a bright lounge at the front, a rear kitchen, and an additional utility room that could serve various purposes. A basement adds extra potential for storage or future development with the appropriate permissions. Upstairs, you'll find two spacious double bedrooms along with a family bathroom. There’s ample opportunity to rethink the interior layout to create an open-plan living area, introduce a downstairs WC, or fully update existing facilities. The south-facing garden holds promise for landscaping or converting into an inviting outdoor area conducive to relaxation and entertainment. With estimated rental yields of around 7.6% and the possibility of generating monthly income between £700-£750, this property is also appealing to buy-to-let investors looking to secure robust returns. The overall condition signals that significant renovations are necessary, offering substantial upside potential for those ready to undertake this project. This property stands as a blank canvas awaiting your vision and investment.

Investment Analysis

(NG31 area)

Below Market Value

This property is priced -45.4% below area average per sq ft

-45.4%
Potential saving
This Property
£122/sq ft
Area Average
£223/sq ft
Avg Rent (weekly)
£185
Avg Yield
4.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£211,440
10% above area average per sq ft
Potential ROI
+36.4%
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

Springfield Road, Grantham, Lincolnshire, 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
£397
Based on a loan of £78,750 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.

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