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Winchester Road, Grantham, NG31

East Midlands

£220,000

Listed on 17/07/2026

Property details

Bedrooms
3
Type
Semi Detached
Area
1113 sqft

Description

This three-bedroom semi-detached home, set on a desirable corner plot in Barrowby Gate, offers an exciting blank canvas for those looking to create their dream family residence. The property requires a full renovation but presents significant potential for transformation, making it a sound investment opportunity for buyers keen on refurbishment projects. The generous living spaces include a spacious lounge and dining area, perfect for entertaining, alongside a kitchen/diner with direct access to the established garden—a key area that could become the heart of the home. Additionally, a conservatory enhances the property by providing extra daylight and views of the outdoor space year-round. Upstairs, you'll find two good-sized double bedrooms, a comfortable single bedroom, and a family bathroom that can accommodate flexible living arrangements for families or home office needs. The outdoor areas are equally impressive; wrapping around the house is ample garden space complemented by off-road parking suitable for multiple vehicles and an integral garage that boasts further conversion possibilities with proper permissions. Located just moments from local amenities, schools, and transport links to Grantham town centre, this property represents an exceptional opportunity to invest in one of the region's most sought-after locations.

Investment analysis

(NG31 area)

Below Market Value

This property is priced -11.5% below area average per sq ft

-11.5%
Potential saving
This Property
£198/sq ft
Area Average
£223/sq ft
Avg Rent (weekly)
£181
Avg Yield
4.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£273,570
10% above area average per sq ft
Potential ROI
+5.2%
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

Winchester Road, 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
£831
Based on a loan of £165,000 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

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