23 Commercial Road, Grantham, NG31 6DB
East Midlands
£35,000Guide Price
Listed on 14/11/2026
Listed on 14/11/2026
The listing
Property details
Bedrooms
2Type
TerracedFeatures
- Garden
Description
Offered at auction, this freehold two-bedroom terraced house is vacant and arranged over two floors. The ground floor has a living room, dining room and kitchen, with two bedrooms and a bathroom/WC upstairs. A rear garden is also included.
The property is described as requiring modernisation and is situated close to Grantham town-centre amenities and the railway station, with Hills and Hollows nearby. The listing gives an EPC rating of G and Council Tax Band A. Buyers should review the legal documentation for any additional completion fees and note the stated buyer fee.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
44out of 100
Grade ELow opportunity
Confidence: LOW
At £35,000, this vacant two-bedroom terrace near Grantham town centre and the station has a clear full-gut project scope: exposed masonry, damaged plaster and ceiling finishes, and worn or unfinished floors feature across the photographed living areas, bedrooms and kitchen. The enclosed rear garden also offers room for a tidy-up, while the bathroom suite appears comparatively intact and the roof shows no obvious major failure in the available view.
The score is held back by the scale of the works and by missing floor area: without it, value against local £/sq ft cannot yet be judged. This is an online auction guide price, not a confirmed sale price; bidding can take the hammer above the guide, so the eventual price may not stay this cheap.
Key opportunities
- Rebuild the living areas around the exposed masonry, making good the damaged plaster and ceilings and choosing a coherent finish throughout.
- Replace the old kitchen and renew worn or unfinished floors across the photographed rooms to create a more consistent interior.
- Clear and improve the enclosed rear garden, including its overgrown planting, worn paving and weathered boundaries.
Key risks
- Stripped finishes and extensive damage across several interior areas make this a heavy, multi-room rebuild; allow for a longer programme than a cosmetic refresh.
- Detailed roof, brickwork and rainwater goods condition is unverified, despite no obvious major roof failure in the available exterior view.
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Transport
Nearest stations
Grantham Rail Station
0.1 miles
Train · Grantham
Bottesford Rail Station
6.9 miles
Train · Bottesford
Ancaster Rail Station
7.0 miles
Train · Ancaster
Rauceby Rail Station
9.4 miles
Train · South Rauceby
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
%
%
years
Current average 2-year fixed rate is 5.13%
Current average variable rate is 6.58%
Monthly Repayments
£143
Based on a loan of £26,250 over 30 years at 5.13% 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.
Tax
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