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Commercial Road, Grantham, Lincolnshire, NG31 - Image 1
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Commercial Road, Grantham, Lincolnshire, NG31 - Image 3
Commercial Road, Grantham, Lincolnshire, NG31 - Image 4
Commercial Road, Grantham, Lincolnshire, NG31 - Image 5
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Commercial Road, Grantham, Lincolnshire, NG31 - Image 7
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Commercial Road, Grantham, Lincolnshire, NG31 - Image 9
Commercial Road, Grantham, Lincolnshire, NG31 - Image 10

Commercial Road, Grantham, Lincolnshire, NG31

East Midlands

£65,000Guide Price

Listed on 15/07/2026

Property details

Bedrooms
2
Type
Terraced
Area
742 sqft

Description

This two-bedroom mid-terrace home in Grantham offers a promising opportunity for investors and those keen on a refurbishment project. The property is in need of complete modernisation, providing a blank canvas to create a well-designed living space in a sought-after town centre location. Its proximity to various amenities—including supermarkets, restaurants, cafes, and both primary and secondary schools—enhances its appeal for potential buyers or renters alike. With Grantham Railway Station just a short walk away, commuting to London King's Cross in around one hour adds to the property's desirability. Internally, the layout features an entrance that leads to a welcoming lounge with stairs ascending to the first floor, alongside a separate dining room and rear kitchen. On the upper level, there are two spacious double bedrooms; notably, the main bedroom includes an en-suite bathroom. Outside, the enclosed rear garden presents additional scope for enhancement, making it perfect for outdoor activities or relaxation. Overall, this property represents an excellent chance to invest in an area with strong rental demand and add significant value through thoughtful renovations.

Investment analysis

(NG31 area)

Below Market Value

This property is priced -60.8% below area average per sq ft

-60.8%
Potential saving
This Property
£88/sq ft
Area Average
£223/sq ft
Avg Rent (weekly)
£181
Avg Yield
4.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£182,380
10% above area average per sq ft
Potential ROI
+58.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
46
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (NG31)

Area prices are falling by -4.0% over the last 12 months
3 year growth: +0.2%
5 year growth: +9.9%
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, 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
£246
Based on a loan of £48,750 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.

Stamp duty calculator

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