Pasture Close, Grantham
East Midlands
£240,000
Listed on 15/10/2026
Listed on 15/10/2026
The listing
Property details
Bedrooms
3Type
Semi DetachedArea
925 sqftFeatures
- Garage
- Garden
- Parking
Description
A three-bedroom semi-detached home in a cul-de-sac in Grantham, with a south-westerly rear garden backing onto open pasture. The ground floor has a hallway, a main reception room with windows to the front and rear, a separate dining room, and a fitted kitchen with space for a fridge-freezer and washing machine. The kitchen also has a rear door and window opening towards the garden.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
42out of 100
Grade ELow opportunity
Confidence: MEDIUM
This is a clean, usable three-bedroom semi with a few appealing features: a south-westerly garden backing onto open pasture, substantial driveway parking, a garage and two separate reception areas. The main visible improvement opportunity is the dated, apparently functional kitchen; the rest of the photographed interiors look generally well kept, and the shower room is in good order. The suggested £5,000–£10,000 of work leaves room for a focused update rather than a major overhaul.
The asking price is the sticking point: at £259 per sq ft, it is about 16% above the local average of £223. Adding the refurb range also leaves the purchase-plus-works cost stretched against the local benchmark for this floor area; that comparison is not a forecast of the value after renovation. The fundamentals are appealing, but the current price and project economics make this a low-opportunity buy unless the price can be improved.
Key opportunities
- Modernise the dated but apparently functional kitchen with a focused update.
- Enjoy the south-westerly rear garden and open pasture outlook, with established planting and paved areas.
- Make use of the separate reception and dining rooms, driveway and powered garage for flexible living and storage.
Key risks
- At the asking price, even the light refurbishment budget puts purchase-plus-works costs above the local benchmark for this floor area, limiting the apparent value opportunity.
- Heating details, including the seller-reported heat pump, need confirmation.
- Total commitment could reach about £247,500 before you finish, with refurbishment in the region of £7,500, about 16% ahead of typical local benchmarks for this size; post-works value sits outside our data.
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Finance
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Illustrative repayments based on the asking price, not a mortgage offer.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£907
Based on a loan of £180,000 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.
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