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Gorse Rise, Grantham, NG31

East Midlands

£250,000

Listed on 21/07/2026

Property details

Bedrooms
3
Type
Semi Detached
Area
1034 sqft

Description

Nestled in a tranquil area, this three-bedroom semi-detached property showcases significant potential for renovation and personalisation. The ground floor boasts a spacious lounge, enhanced by a charming bay window that allows natural light to flood the room, creating an inviting atmosphere for relaxation. Adjacent to it is a kitchen/diner, ideal for family meals or social gatherings. The large conservatory extends the living space, making it versatile enough for year-round use, whether as a sunlit summer retreat or a warm winter hideaway. A convenient downstairs WC adds practicality to the layout. On the upper level, you will find two generous double bedrooms alongside a single bedroom that could serve various purposes such as a nursery, guest room, or home office. The family bathroom is sufficiently sized to accommodate everyday needs. The outdoor area enhances the property's appeal with a substantial outbuilding offering great possibilities. It can be repurposed into an office, gym, studio, or even converted into an annexe to support extended family living. Additionally, there’s ample storage from the garage and parking space available on the driveway. Situated close to local schools and amenities while retaining its peaceful charm, this property not only presents a comfortable living environment but also invites creative renovation ideas to maximise its value and functionality.

Investment analysis

(NG31 area)

Above Market Value

This property is priced +8.2% above area average per sq ft

+8.2%
This Property
£242/sq ft
Area Average
£223/sq ft
Avg Rent (weekly)
£181
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£254,152
10% above area average per sq ft
Potential ROI
-15.3%
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

Gorse Rise, 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
£944
Based on a loan of £187,500 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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