2 bedroom terraced house for sale
Springfield Road, Grantham, Lincolnshire, NG31
- PROPERTY TYPE
Terraced
- BEDROOMS
2
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
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Key features
- Two-bedroom terraced home on Springfield Road
- Excellent investment opportunity with potential rental yield of approx. 7.6%
- Ideal renovation project - a true blank canvas
- Suitable for owner-occupiers, buy-to-let investors or resale/flip
- Basement offering valuable extra storage space
- Two well-proportioned double bedrooms
- South-facing rear garden with scope for improvement
Description
This two-bedroom terraced property on Springfield Road presents an exciting opportunity for buyers looking to add value, whether as a home, rental investment or resale project. 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 7.6%, making this a strong prospect for buy-to-let investors seeking reliable returns.
The ground floor comprises a bright front-facing lounge, a kitchen to the rear and a separate utility room, providing additional storage and flexibility. A useful basement further enhances the property, ideal for storage or future conversion potential (subject to necessary consents).
To the first floor are two generous double bedrooms and a family bathroom. 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.
Externally, the property benefits from a south-facing rear garden, offering excellent potential for landscaping or creating a low-maintenance outdoor space perfect for relaxation or entertaining.
With solid fundamentals, flexible usage and significant upside potential, this property is an ideal project for those with vision. With the right improvements, it could become a stylish home or a high-yield investment in a popular residential location.
Early viewing is strongly recommended to appreciate the opportunity on offer.
Room Dimensions
Lounge: 3.4m x 3.1m
Kitchen: 3.4m x 3.2m
Bedroom One: 3.4m x 3.1m
Bedroom Two: 3.2m x 2.4m
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Springfield Road, Grantham, Lincolnshire, NG31
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Visit our security centre to find out moreDisclaimer - Property reference CGJD80435. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Readysteadysold, Leeds. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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