£80,000
(£128/sq. ft)
1 bed flat for saleHoughton Road, Grantham NG31
1 bed
1 bath
623 sq. ft
About this property
One-Bedroom Duplex Apartment on Houghton Road - Close to Local Amenities and Train Station
No Service Charges
Ideal First Time or Investor Purchase
Potential Rental Income of £600 pcm and Yield of 9%
Spacious Lounge and Good-Sized Kitchen
Family Bathroom and Lots of Storage Space
Generous Double Bedroom
Opportunity to Modernise
On-Street Parking
EPC - tbc
This one-bedroom duplex apartment on Houghton Road is an excellent opportunity for a first-time buyer looking to step onto the property ladder or an investor searching for a strong addition to their portfolio. While the property would benefit from some modernisation, it offers fantastic potential to create a stylish home or a rewarding investment.
The property is arranged over three levels, beginning with a private ground floor entrance hall, providing the perfect space for coats, shoes and everyday storage. On the first floor you'll find a spacious lounge, a well-proportioned kitchen and a bathroom with a newly fitted electric shower. The top floor is dedicated to a generous double bedroom, creating a separate and peaceful retreat.
For investors, the property could achieve an estimated rental income of £600 pcm, equating to an attractive 9% gross yield.
The property also benefits from convenient on-street parking.
No service charges payable.
Agents Note: Slight dampness in the bedroom, more investigation required.
Lounge (4.0m x 3.4m)
Kitchen (3.4m x 2.1m)
Bedroom (5.3m x 4.0m)
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£400 per month
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The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
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