Grantham, NG31 6EX | Investment Property for Sale | VES-NG31-001

Opportunity to purchase an apartment in Grantham plus freehold generating a 10.3% gross yield

£70,000

Apartment

VES-NG31-001

INITIAL INVESTMENT

£22,100

Based on

deposit: £17,500

stamp duty: £2,100

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£7,200

GROSS YIELD

10.3%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Freehold

1 bedroom

1 bathroom

1 reception room

398

Unfurnished

Property information

  • Top floor flat for sale with the freehold of the building
  • The flat comprises:
    • Bedroom/living room
    • Bathroom
    • Kitchen
  • The vendor completely refurbished the property
  • EPC rating: E; not redone following the refurbishment works
  • Council tax band A
  • Monthly rental income £600

Location information

  • The property is located in the centre of Grantham
  • All local amenities are just a short walk away
  • Grantham railway station is a 6-minute walk away
  • Easy access to the local road network

Note

Please note that Vesta has not visited this property and that all material has been provided by the vendor.

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Grantham, Lincolnshire

Grantham is a market town in Lincolnshire and lies around 24 miles east of Nottingham and 28 miles south of Lincoln.

The A1 passes the town to the west connecting it directly to London and Edinburgh, whilst the A52 links it to Nottingham and the East Coast.

The Grantham railway station is on the East Coast Main Line and the main line between Peterborough and Newark North Gate. The Poacher Line to Skegness and a line to Nottingham diverge from the main line just north of Grantham. Train services run between London to Leeds, London to Hull, Liverpool to Norwich, London to Hull/Beverley and London to Lincoln/Newark/Doncaster/York/Newcastle/Edinburgh.

The local landmarks include Grantham House, a National Trust property, Grantham Guildhall, which is now the Guildhall Arts Centre, The Blue Pig, one of only four remaining Tudor buildings and the country’s only living public house sign on the Beehive Inn, a beehive of South African bees. There are also several historic houses in the nearby areas such as Belton House, Harlaxton Manor, Stoke Rochford Hall and Belvoir Castle, to name a few.

Grantham also offers plenty of outdoor pursuits such as Ponton Park Wood, the gardens and deer park of Belton House, Londonthorpe and Alma Park Woods, and Grantham Canal which runs through the Vale of Belvoir to the west of town.

The high street is the town’s main retail and commercial area and includes many historic buildings. Shoppers can find here the usual high street brands as well as independent shops. There is also an indoor market with arts & crafts retailers, hobby shops and bookstores.

Education is provided by a number of primary and secondary schools, whilst Grantham College provides further education. Most notable schools are Kesteven and Grantham Girls’ School, which as attend by Margaret Thatcher and The King’s Grammar School, which was attended by Isaac Newton. Both schools are single sex up to the age of 16.

The local economy is largely dominated by the food industry. Employers include Moy Park, Aviagen, Brake Bros Ltd, Christian Salvesen plc, McCain Foods.

London Road,

Grantham,

Lincolnshire,

England,

NG31 6EX

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All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

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