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5 bed property
Castlegate, Grantham NG31
Auction
£199,000
-9.5%
Next Steps
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Price History
Initial price £220,000
Feb 17, 2026 £210,000
Mar 14, 2026 £210,000
Apr 9, 2026 £199,000
Price Change -9.5%
Our Summary
- Investment opportunity
- - Two bathrooms (ground floor and first floor) - Kitchen plus separate utility room - Large cellar, offering excellent storage or future potential (STPP) - Outdoor space for tenant use - Off-street parking, a valuable feature in this central location The property is Situated on a residential road one minute from Grantham town centre Approx
- 15-minute walk to Grantham railway station Strong and consistent tenant demand driven by local employment, amenities, and transport links Income: Current annual rental income: £25,200, Potential for uplift to full market rent
- The property has historically held a valid HMO licence - Due to the previous management company stepping down, the incoming owner will be required to submit a new HMO licence application - Management handover available, ensuring a smooth transition Investment Opportunity: Established HMO with Immediate Returns This well-established HMO represents an attractive opportunity for investors seeking a stable, income-producing asset in a high-demand location
- With income in place, scope for rental growth, and a proven HMO configuration, this property is well suited to both experienced operators and investors looking to expand their portfolio with a ready-to-perform asset
- Properties offering immediate income, strong demand, and future upside are rarely available at auction and are consistently well-received by investors
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Description
The property is an end-terrace house with 5 bedrooms, located in the town centre of Grantham.