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2 bed property, in Springfield Road, £85,000
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2 bed terraced house

Springfield Road, Grantham, Lincolnshire, NG31
£85,000
-19.0%

Price History

Initial price £110,000
Jan 23, 2026 £100,000
Apr 17, 2026 £190,000
Apr 29, 2026 £90,000
May 13, 2026 £85,000
Price Change -19.0%

Our Summary

  • Ideal for Renovation - a Blank Canvas for Improvement
  • Excellent investment opportunity with potential rental yield of approx
  • Ideal renovation project - a true blank canvas
  • South-facing rear garden with scope for improvement
  • Requiring renovation throughout, the property offers a rare chance to completely transform and personalise a space to suit your needs and vision
  • The potential rental income is estimated at £700-£750 per calendar month, offering an attractive yield of approximately 7
  • A useful basement further enhances the property, ideal for storage or future conversion potential (subject to necessary consents)
  • There is clear scope to reconfigure the layout to maximise space and value - options may include open-plan living, adding a downstairs WC, or modernising throughout, subject to planning and building regulations

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Description

This two-bedroom terraced property on Springfield Road presents an exciting opportunity for investors, renovators, or first-time buyers to create a unique space. With an estimated rental income of £700-£750 PCM, the property offers a strong rental yield of approximately 7.6%, making it an attractive addition to any buy-to-let portfolio. The property features a bright living room, kitchen, and separate utility room on the ground floor, with two generous double bedrooms and a family bathroom upstairs.

The basement provides additional storage space, and there is scope to reconfigure or extend the property to maximize space and value, subject to planning. The rear garden, in need of TLC, offers an opportunity for landscaping or creating a low-maintenance outdoor area. With solid fundamentals and plenty of potential, this property is a fantastic opportunity to add value and make your mark.