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Green Street, Great Gonerby NG31 - Image 1
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Green Street, Great Gonerby NG31

East Midlands

£50,000
Listed on 19/03/2026

Property Details

Bedrooms
N/A
Type
Land

Description

This parcel of land spanning approximately 0.56 acres presents a significant opportunity for development in the semi-rural village of Great Gonerby. Nestled on the outskirts, the site benefits from scenic open views and has potential for residential building subject to obtaining the necessary planning permissions. The property is conveniently located less than a mile from Grantham, providing easy access to major roadways including the A1, A52, and A46, making it ideal for commuting. Great Gonerby offers a variety of local amenities, including shops, pubs, and reputable schools. This freehold land comes with an overage provision, allowing for added value upon securing residential planning consent within a specified timeframe. Interested investors should note that access to the site is limited currently via an adjacent driveway without vehicular turning space. This plot represents a valuable investment opportunity in a growing area.

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 - £150,000
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

Green Street, Great Gonerby 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
£177
Based on a loan of £37,500 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.

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