Summary - CASTLEGATE HOUSE REST HOME, 49, CASTLEGATE NG31 6SN
1 bed 1 bath Residential Development
**Standout Features:**
- Grade II Listed, traditional masonry construction
- Fifteen bedrooms with ample communal and office spaces
- Potential for various uses under C2 Use Class (Residential Institution)
- Centrally located with essential amenities nearby
- Off-street parking for approximately four vehicles
- Substantial garden area for relaxation or development potential
**Concerns:**
- Requires modernization; renovation may face restrictions due to listed status
- Local area has high crime rates and is classified as deprived
Castlegate House is a remarkable Grade II Listed property nestled in the heart of Grantham, offering a unique opportunity for both investors and developers. With a generous size of 6,650 sq ft and an expansive layout, this fifteen-bedroom residential care home features traditional architectural details, including high ceilings, large windows, and a charming facade. The spacious ground and first floors include communal lounges, dining facilities, and a well-equipped kitchen, perfect for creating a welcoming environment or transitioning to various uses.
Despite its potential, the property requires modernization and may incur some renovation challenges due to its listed status, making it crucial for prospective buyers to consider these factors. The vibrant town center location is a significant draw, with various amenities just a short stroll away, though be mindful of the local area's high crime rate. Priced at OIRO £500,000, this is an exceptional chance to own a piece of history with the promise of future flexibility and a desirable footprint for a wide range of uses. Don’t miss out on making this sizeable residence your own—opportunities like this won't last long!
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