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Melbourne Road in Grantham

East Midlands

£160,000

Listed on 26/06/2026

Property details

Bedrooms
3
Type
Semi Detached
Area
867 sqft

Description

This semi-detached property, set in a peaceful cul-de-sac, offers a compelling opportunity for renovation enthusiasts and investors alike. With no onward chain, this home is ready for transformation, providing the perfect canvas to customize to personal preferences. It features a block-paved driveway and side access to the garage, while the rear garden enjoys a desirable south-easterly orientation with two separate seating areas that capture sunlight throughout the day. Inside, you'll find an entrance hall leading to a lounge with gas fire, a dining room with patio doors opening to the garden, and a kitchen with potential for modern upgrades. Additionally, there's a rear lobby linking to both a pantry and storeroom—ideal spaces that could be adapted into utility facilities or workspaces with appropriate modifications. The first floor hosts three bedrooms—two spacious doubles—and a separate toilet and bathroom that could be reconfigured into an impressive family bathroom. While it requires modernization throughout, this property stands as an exceptional project opportunity offering substantial potential to enhance its value. Ideal for buyers looking to invest in transforming it into a welcoming family home.

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Investment analysis

(NG31 area)

Below Market Value

This property is priced -17.3% below area average per sq ft

-17.3%
Potential saving
This Property
£185/sq ft
Area Average
£223/sq ft
Avg Rent (weekly)
£185
Avg Yield
4.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£212,914
10% above area average per sq ft
Potential ROI
+6.5%
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

Melbourne Road in Grantham
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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
£604
Based on a loan of £120,000 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

Next Steps

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