Affordable starter or buy-to-let close to transport and town amenities.
409 sq ft one-bedroom first-floor flat, open-plan lounge diner
825 years remaining on lease, low ground rent £25 pa
Off-street parking included, convenient town-centre location
Dated kitchen and worn flooring — requires modernisation
Electric storage heating; higher running costs likely
Service charge c. £1,355 per year; factor into ownership costs
Very high local crime and deprived area classification
Sold at online auction — cash preferred and additional fees apply
A compact one-bedroom first-floor flat in central Grantham, offered at a low guide price and sold via online auction. The 409 sq ft layout includes an open-plan lounge/diner, double bedroom and bathroom, plus off-street parking — convenient for town-centre living and commuter links. The long lease (825 years) and low ground rent are practical ownership positives.
The property has clear refurbishment needs: the kitchen is dated and flooring shows wear, and heating is by electric storage heaters. Service charge is substantial at about £1,355 pa; buyers should factor running costs and the leasehold structure into affordability calculations. The area is classified as deprived with very high crime levels, so suitability will depend on buyer tolerance and intended use.
This lot is sold through a secured online auction with immediate exchange available; cash-preferred purchasers and typical auction fees apply, including a non-refundable deposit and a reservation fee. Fast broadband, excellent mobile signal and close proximity to shops, schools and the train station add practical appeal for investors or an owner-occupier seeking a town-centre base.
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