Guide price
£220,000
6 bed terraced house for saleFlats 1, 2, 3, 4 - 61-62 Westgate, Grantham, Grantham NG31
6 beds
4 baths
4 receptions
Just added
Auction
Freehold
About this property
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For sale by Under The Hammer online auction on Wednesday 21st October 2026. Head over to our website to download the legal pack, register to bid and see more information.
A 6 bedroom investment opportunity arranged as four separate self-contained flats across 61-62 Westgate, Grantham with a projected rental income of approximately £24,000 per annum.
The property comprises four individual apartments, with Flats 1 and 4 each providing two bedroom accommodation and Flats 2 and 3 each providing one bedroom accommodation. The apartments provide separate kitchen/living accommodation, bedrooms and bathroom facilities, with communal hallways serving the individual flats.
Flats 1,2 and 4 are Freehold, whilst Flat 3 is Leasehold with approximately 960 years remaining on the lease. There are no service charges or ground rents payable on any of the apartments. The current rental income includes Flat 3, which is let at £450 pcm, and Flat 4, which is let at £437 pcm. Flats 1 and 2 are currently estimated to achieve £625 pcm and £525 pcm respectively, giving a projected total rental income of approximately £2,037 pcm, equating to £24,444 per annum.
The property will appeal to investors looking to acquire a multi-unit residential investment with four separate apartments, a combination of Freehold and long Leasehold interests and scope to generate an income from the individual units.
The property is situated on Westgate in Grantham, within close proximity to the town centre and its range of shops, restaurants and everyday amenities. Grantham also provides a mainline railway station with connections to London King's Cross and other major towns and cities.
Here's what to do next
If you would like your property to go into our next auction then contact our auction experts on or submit a valuation on our website
A 6 bedroom investment opportunity arranged as four separate self-contained flats across 61-62 Westgate, Grantham with a projected rental income of approximately £24,000 per annum.
The property comprises four individual apartments, with Flats 1 and 4 each providing two bedroom accommodation and Flats 2 and 3 each providing one bedroom accommodation. The apartments provide separate kitchen/living accommodation, bedrooms and bathroom facilities, with communal hallways serving the individual flats.
Flats 1,2 and 4 are Freehold, whilst Flat 3 is Leasehold with approximately 960 years remaining on the lease. There are no service charges or ground rents payable on any of the apartments. The current rental income includes Flat 3, which is let at £450 pcm, and Flat 4, which is let at £437 pcm. Flats 1 and 2 are currently estimated to achieve £625 pcm and £525 pcm respectively, giving a projected total rental income of approximately £2,037 pcm, equating to £24,444 per annum.
The property will appeal to investors looking to acquire a multi-unit residential investment with four separate apartments, a combination of Freehold and long Leasehold interests and scope to generate an income from the individual units.
The property is situated on Westgate in Grantham, within close proximity to the town centre and its range of shops, restaurants and everyday amenities. Grantham also provides a mainline railway station with connections to London King's Cross and other major towns and cities.
Here's what to do next
- Visit - Our website and view the auction terms.
- View - Book a viewing directly through our website.
- Register - Get registered prior to the auction opening date.
- Legal Pack - Download and view the legal pack to find out all the relevant information.
- Prior Auction Offer - Want it now? Submit a prior auction offer through our website. All offer's go direct to the seller.
- Bidding - Everything is completed online through the website and the intuitive bidding controls.
If you would like your property to go into our next auction then contact our auction experts on or submit a valuation on our website
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