Summary - Old Oak Close, Grantham NG31 7YF
3 bed 2 bath Detached
Affordable new-build share with warranty and enclosed garden for first-time buyers.
3 bed detached new build with integrated kitchen and en-suite to principal bedroom
40% share price £110,000 (full value £275,000) with example rent £378.13 pcm
10-year new-build warranty included; £2,000 moving allowance on completion
Small overall internal area (542 sq ft) — limited living/storage space
Leasehold shared ownership: eligibility/local-connection required and staircasing possible
Monthly service charge £75.04 covers building insurance and maintenance
Good transport links to A1/A52 and Grantham station (direct line to London)
Area described as deprived — may affect resale and local amenity profile
A brand-new three-bedroom detached house offered on a shared ownership basis, providing an affordable route onto the ladder in Grantham. The Weston T1 (Plot 33) is finished to a modern standard with an integrated kitchen, vinyl/laminate floors and double-glazed windows. The home includes a small enclosed rear garden and a paved patio for outdoor dining. A 10-year new-build warranty is included for buyer reassurance, plus a £2,000 moving allowance on completion for qualifying reservations.
This property is aimed at first-time buyers seeking lower upfront cost: a 40% share is priced at £110,000 (full value £275,000) with example rent of £378.13 pcm and a monthly service charge of £75.04. It has practical family layout features — lounge with patio doors, a kitchen/diner, en-suite to the main bedroom and upstairs storage — within a compact 542 sq ft footprint. Transport links are good, with easy access to the A1/A52 and direct trains from Grantham to London.
Important constraints are clear: this is a leasehold shared ownership scheme with eligibility/local-connection requirements and ongoing rent and service charges. The overall internal size is small, so buyers should consider space needs carefully. The wider area is noted as deprived, which may affect resale demand and local amenities; prospective purchasers should verify eligibility and review the lease and any additional admin fees (e.g., lease packs) before committing.
For buyers who need an affordable entry into homeownership and value a newly built, low-maintenance house with warranty cover and decent transport links, this offers sensible value. Those wanting more internal space, full ownership immediately, or a different neighbourhood profile should weigh the shared-ownership terms and local area factors first.
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