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The Drift, Grantham NG32

East Midlands

£425,000
Listed on 15/04/2026

Property Details

Bedrooms
6
Type
Detached
Area
2249 sqft

Description

Located in the desirable Village of Syston, this offering consists of two semi-detached cottages set on a substantial plot that presents exciting renovation and investment opportunities. The properties, available for the first time in over 75 years, feature a variety of outbuildings and garaging, making them ideal candidates for extension or conversion into a single family home, subject to necessary planning permissions. Currently accommodating six bedrooms across both cottages, along with multiple reception rooms and kitchens, there is significant potential for reconfiguration to enhance living space or modernize the facilities. The generous garden area boasts mature landscaping and offers picturesque rural views, further adding to the appeal of this project. With no onward chain and immediate vacant possession, this property is ripe for development in a sought-after community.

Investment Analysis

(NG32 area)

Below Market Value

This property is priced -27.2% below area average per sq ft

-27.2%
Potential saving
This Property
£189/sq ft
Area Average
£260/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £90,000
Target Value
£642,596
10% above area average per sq ft
Potential ROI
+24.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
10
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (NG32)

Area prices are falling by -3.4% over the last 12 months
3 year growth: -8.3%
5 year growth: +1.7%
Investment Disclaimer: Analysis based on NG32 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

The Drift, Grantham NG32
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,505
Based on a loan of £318,750 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.

Stamp Duty Calculator

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