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Dudley Road, Grantham NG31

East Midlands

£70,000

Listed on 03/06/2026

Property Details

Bedrooms
1
Type
Flat
Area
494 sqft

Description

This split-level apartment, conveniently located a short walk from the town centre, presents a promising opportunity for those looking to invest in a property with renovation potential. While it boasts good-sized rooms and an allocated parking space, the interior is in need of some tender loving care (TLC) to truly unlock its value. With 999 years remaining on the lease starting from August 2006, this residence also benefits from close proximity to Queen Elizabeth Park, schools, and various amenities including supermarkets and recreational facilities. The spacious lounge and kitchen provide a solid foundation for modernization, while the main bedroom features a skylight that adds character. This property offers an excellent chance to create a comfortable living space tailored to your needs.

Investment Analysis

(NG31 area)

Below Market Value

This property is priced -36.5% below area average per sq ft

-36.5%
Potential saving
This Property
£142/sq ft
Area Average
£223/sq ft
Avg Rent (weekly)
£185
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£5,000 - £12,000
Target Value
£121,314
10% above area average per sq ft
Potential ROI
+47.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
45
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (NG31)

Area prices are falling by -3.1% over the last 12 months
3 year growth: +1.0%
5 year growth: +11.5%
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

Dudley Road, Grantham NG31
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£264
Based on a loan of £52,500 over 30 years at 4.45% 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

Price History

-22.2% since listed
£70,000£15,000(-17.6%)
02/06/2026
Current price
£85,000£5,000(-5.6%)
05/05/2026
£90,000Initial listing
04/04/2026

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