Harrowby Road, Grantham 4 bed block of apartments for sale

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Harrowby Road, Grantham 4 bed block of apartments for sale

Harrowby Road, Grantham
£330,000

Our Summary

  • An exceptional investment opportunity has arisen on the desirable Harrowby Road in Grantham, where this attractive converted character property is now arranged as four fully self-contained one-bedroom apartments
  • The property also benefits from a useful cellar, already fitted with a WC, offering further potential for development or storage
  • With water already in place, the space presents an exciting opportunity for a creative investor to add value, whether through conversion, additional amenities, or future expansion
  • With each apartment estimated to achieve a rental income of approximately £700 per month, the building offers a potential gross annual income in the region of £33,600

Description

This charming converted character property on Harrowby Road in Grantham offers an exceptional investment opportunity, comprising four fully self-contained one-bedroom apartments. Each apartment features its own living area, kitchen, bedroom, and bathroom, with shared communal entrance. The property also boasts a useful cellar with a WC, providing potential for development or storage. The building has a driveway and garage, as well as a well-sized garden that can be used by the ground floor tenant or reconfigured as a communal garden. With estimated rental income of approximately £700 per month per apartment, the property offers a potential gross annual income of £33,600. Located near the town centre, mainline train station, and local amenities, this property presents a compelling proposition for investors, with the added benefit of no onward chain to ensure a smooth and swift purchase.