Summary - Haddon Road, Grantham NG31 7FW
2 bed 1 bath Maisonette
Affordable 25% shared ownership maisonette with garage and long lease, walking distance to station..
25% shared ownership option, 25% purchase price £31,250
Long lease (999 years from 20/12/2007) and EPC C
Private garage providing parking and storage
Freshly painted throughout; new flooring required by buyer
Monthly rent on remaining share £406.73; service & management charges apply
No garden visible; small-to-medium room sizes
Walking distance to town centre and train station
High local crime level; check area suitability
This freshly painted two-bedroom maisonette in Springfield offers an affordable entry via 25% shared ownership. The long lease (999 years from 2007) and EPC C give peace of mind, while a private garage adds useful storage and off-street parking.
Internally the layout suits first-time buyers or investors: entrance hall, generous lounge with space for a home office, modern kitchen/diner, ground-floor WC, and two double bedrooms with a family bathroom upstairs. The property has been refreshed but requires new flooring, allowing buyers to personalise finishes to their taste.
Costs to factor: the monthly rent on the remaining 75% share is £406.73, plus a service charge of £125.51 and a management charge of £17.08. The property is currently let at £725pcm (yield c.6.96%) with potential to increase to c.£750pcm (yield c.7.2%) for investors. There is no onward chain and it’s an easy walk to Grantham town centre and train station.
Notable practical points: there’s no private garden visible and the area records higher local crime levels, so buyers wanting outdoor space or a quieter location should check locally. Broadband and mobile signals are strong, and nearby schools include several rated Good and one Outstanding secondary option.
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