Summary - 17 AVENUE ROAD GRANTHAM NG31 6TA
1 bed 1 bath House of Multiple Occupation
**Standout Features:**
- Substantial Victorian building with 15 self-contained apartments (2 two-bedroom and 13 one-bedroom units)
- Strong rental income of £82,000 per annum
- Generous amenities including storage basement, yard, and 10 off-street parking spaces
- Two additional garages for extra rental or storage potential
- Prime location in central Grantham, excellent transport links to A1 and local amenities
- Characterful period features with modern updates
**Potential Downsides:**
- Property is currently fully let, which may limit immediate owner occupancy
- Requires further maintenance for long-term durability and appeal
This impressive Victorian building presents a unique investment opportunity nestled in the heart of Grantham. Comprising fifteen self-contained apartments, the property promises excellent rental appeal, generating a robust income of £82,000 annually. Each unit retains original architectural charm while benefiting from modern updates, making them attractive to a diverse range of tenants. With generous amenities like a basement for storage, a large yard with off-street parking for ten vehicles, and two garages, this multifaceted property also holds potential for further income generation.
Strategically located, it provides immediate access to major transport links, excellent amenities, and well-regarded schools, making it suitable for both investors and those looking to accommodate families or professionals. While the property is well-maintained, there’s opportunity for renovation to enhance its value and extend its rental capacity. Grantham’s blend of historical charm and modern convenience creates a desirable living environment that is both secure and potentially lucrative. Don’t miss out on this distinctive investment—properties like this don’t stay on the market for long!
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