In line with latest Government’s guidelines on home moving, the housing market remains open during the national lockdown which started on 5th November 2020, and all our offices in England continue to operate. Our offices in Scotland remain in operation following the latest guidelines. Our Welsh offices resumed operations from Monday, 9th November 2020, following the latest guidance on home moving restrictions. Health and safety remains our main priority, and we continue to follow a number of strict measures to protect our customers and staff. More information

£1,250,000

North Parade, Grantham NG31

£1,250,000

34 Bedroom House Share For Sale

North Parade, Grantham NG31


Key features

  • Investment Portfolio Opportunity
  • 6 Established Properties
  • 8 Self Contained Studio Flats
  • 4 En-Suite HMO Bedrooms
  • a Further 22 HMO Bedrooms
  • Gas Central Heating
  • Double Glazing
  • 5 HMO Licenced Properties
  • One Property With A Garage
  • Fantastic Town Centre Locations

***Investment Portfolio Opportunity ***

An unique opportunity to purchase an established, successful portfolio of five HMOs and 8 self contained studio flats in the historic town of Grantham. All six properties are within walking distance of the town centre, local amenities and the railway station.

The portfolio consists of 34 units, 8 of which are self contained studio flats and 26 rooms (4 with en-suite facilities) across 5 HMOs with shared kitchens and bathrooms.

The portfolio generates a full occupancy rent of £154,000 with a potential gross initial yield in excess of 12%.

Grantham sits at the gateway to Lincolnshire with its A1 links and high speed rail service to London (just over an hour away) and is a superbly located with Nottingham, Lincoln, Boston, Spalding, Peterborough, Stamford and Leicester all approximately 30 miles away. 

NORTH PARADE NG31 8AU A period style house with 8 studio rooms with kitchens and bathrooms situated on the popular North Parade entering the Town Centre. All rooms have gas central heating and Upvc windows. 

CASTLEGATE NG31 6SN n the heart of Grantham this corner property with great charisma has 5 bedrooms, a communal living room, utility room and two bathrooms. 

NORTON STREET NG31 6BX This end terraced property over three floors offers 6 rooms, 5 bathrooms, kitchen, utility and ground floor shower room. This property has on street parking and is a stones throw to the train station. 

GRANTLEY STREET NG31 6BN This property is a mid terraced property and has 5 rooms, kitchen and bathroom. The property has on street parking and again is a stones throw from the Railway Station. 

GRANTLEY STREET A large end terraced three storey 5 bedroom property with communal yard and a garage. The property has 2 kitchens and 2 bathrooms. 

HARLAXTON ROAD NG31 7AJ A large end terraced property over three floors has 5 bedrooms, two kitchens and two bathrooms in a popular location within walking distance for the shops and railway. 

ADDITIONAL INFORMATION All properties are Freehold and benefit from Gas Central Heating and UPvc throughout.

Individual property yeilds and further details can be discussed.

Full EPCs for all properties upon request. (North Parade has individual for each self contained room) 

 

Calculate your Stamp Duty

Until March 31 2021 most buyers will be exempt from paying stamp duty on the first £500,000 of the purchase price. Calculate how much Stamp Duty you would have to pay on this property by using the calculator below.

Please note: This calculator is provided as a guide only on how much stamp duty land tax you will need to pay in England and Northern Ireland. It assumes that the property is freehold and for residential purposes.

Book a viewing

Contact Martin & Co Grantham

  • 2 Market Place
  • Grantham
  • NG31 6LQ

Call 01476 561911

grantham@martinco.com

Contact us now