Summary - 7 OXFORD STREET GRANTHAM NG31 6HQ
1 bed 1 bath Flat
Affordable central flat with rental potential for budget-conscious buyers.
Town-centre location — two-minute walk to Grantham shops and amenities
Compact one-bedroom flat — approx. 356 sq ft, small room sizes
Sold at modern auction — undisclosed reserve and buyer fees apply
Non-refundable reservation fee 4.5% (min £6,600) payable on completion
Leasehold with about 90 years remaining — check leasepack costs
High local crime and deprived area classification — consider rental risk
Solid brick walls, likely no insulation — potential energy upgrade needed
Very cheap council tax; fast broadband and excellent mobile signal
This compact one-bedroom flat occupies a mid-terrace Victorian building just two minutes' walk from Grantham town centre. At about 356 sq ft it suits buyers seeking a central, low-maintenance pied-à-terre or a straightforward buy-to-let with immediate rental potential. The property includes a small courtyard, modern-looking kitchen and double glazing (install date unknown).
Important sale details: the property is offered through a modern auction method with an undisclosed reserve price and additional buyer fees. A non-refundable reservation fee of 4.5% of the purchase price (minimum £6,600) will be payable on completion, and other auction-related costs may apply. The lease has approximately 90 years remaining; purchasers should check leasepack costs and complete their own due diligence before bidding.
Practical positives include very cheap council tax, fast broadband and excellent mobile signal, plus a low flood risk. Material drawbacks: the wider area has high crime and is classified as deprived, the building is likely solid-brick with no cavity insulation (so heating costs may be higher), and the flat is small — best suited to single occupants or rental use. Renovation or energy-improvement work may be needed to maximise long-term value.
For investors and first-time buyers comfortable with auction purchase conditions, this property offers a low-entry price in a central location with rental demand. Those seeking spacious, quiet or long-term family accommodation should note the compact size and local area constraints.
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