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Gonerby Hill Foot, Grantham NG31

East Midlands

£80,000
Listed on 19/03/2026

Property Details

Bedrooms
N/A
Type
Land

Description

This residential building plot presents a unique opportunity for investment with conditional planning permission secured for the construction of a single detached dwelling along with a garage. Spanning approximately 6200 sqft, the plot is tucked away in a desirable cul-de-sac, surrounded by mature greenery that adds to its charm and privacy. All main services are readily available from the adjacent property, although their connection will be undertaken at the new owner's expense. This location offers not just an exceptional setting for creating a private home but also the potential for significant value appreciation in a highly regarded area of the East Midlands.

Investment Analysis

(NG31 area)
Area Average
£225/sq ft
Avg Rent (weekly)
£176
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
62
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (NG31)

Area prices are falling by -3.6% over the last 12 months
3 year growth: +0.4%
5 year growth: +12.2%
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

Gonerby Hill Foot, Grantham NG31
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£283
Based on a loan of £60,000 over 30 years at 3.91% 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.

Price History

-2.4% since listed
£80,000£2,000(-2.4%)
18/03/2026
Current price
£82,000Initial listing
02/08/2024

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