Ambergate Walk, Grantham

At £90,000, this three-bedroom Grantham terrace is priced well below the local average per square foot, making the asking price a strong point for someone looking to acquire a value-add project. The spacious lounge, rear conservatory and off-road parking give it useful starting features, while the visible front brickwork and roof appear broadly intact and solar panels are present, though leased.

The photographed interiors offer scope to replace the tired kitchen finishes, refresh decoration and flooring, and improve the enclosed garden. The works are more than cosmetic: the kitchen, several rooms and garden all need attention, and the listing says the boiler is not working. The £35,000–£55,000 renovation range gives a sense of the project scale; the calculated £135,000 purchase-plus-midpoint-works figure is below the local-average value estimate, but that comparison is not a renovated GDV and excludes fees and stamp duty. The sale is through the Modern Method of Auction, and bidding can take the hammer above the guide, so the eventual price may not stay this cheap.