135 Belton Lane, Grantham, Lincolnshire

Description

A wonderful opportunity to acquire this deceptively spacious and versatile detached bungalow, occupying a good sized plot, offering an opportunity for refurbishment and improvement work throughout, and scope to add significant value. Properties in the near location are on the market for up to £425,000.

Accommodation

Ground Floor: Entrance Hallway; Lounge; Breakfasting Kitchen; Conservatory; Bedroom 1; Bedroom 2; Bedroom 3; Shower Room. Outside: Good sized plot with gardens to front and rear.

Location

The property is situate on Belton Lane, Grantham, within easy reach of the town centre and a wide range of facilities and amenities. Grantham itself offers excellent access to the wider area, along with good transport links such as A1 road network and direct rail link to London Kings Cross.

Tenure / Property Information

Investment Analysis

Completed evidence includes £165,000 for the subject property in July 2025, £148,000 for the subject in June 2023, and £220,000 for 137 Belton Lane in May 2026. A further same-road detached sale was £366,000, but bedroom count, size and condition are not supplied. The stated £425,000 figure is an asking-market reference rather than a completed sale. A provisional base GDV of £220,000 is therefore used, subject to inspection and a detailed refurbishment specification; this is not a formal valuation.

Investment Snapshot

Strategy Recommendation

Proceed only subject to viewing, legal-pack review and a fully costed refurbishment assessment. Treat as a refurbishment-led resale opportunity rather than an evidenced BTL investment; do not bid without establishing a maximum price from verified works and costs.

Works Required

The supplied description supports general refurbishment and improvement throughout. The exact works, condition, statutory requirements and costs are not provided, so no specific building or installation works are assumed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the provisional £220,000 base GDV, 75% refinancing equates to £165,000. The known guide price plus the £3,600 administration charge is £78,600 before refurbishment, legal-pack disbursements, finance and other costs. Cash left in and equity cannot be calculated reliably until works and total acquisition costs are known.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Refurbishment costs, finance costs and other completion costs are also unknown.

Flip Analysis

A flip may have potential based on the £220,000 provisional GDV and the low guide, but no supported refurbishment allowance, selling costs, finance costs or full purchaser costs are available. A reliable surplus and maximum bid therefore cannot be calculated. The £425,000 reference is an asking figure and has not been treated as achieved value.

Investor Risks & Due Diligence

• Unknown condition and refurbishment scope despite the stated opportunity for improvement throughout.

• No sufficiently specific rental evidence, preventing reliable BTL yield analysis.

• Buyer administration charge of £3,600 is payable on exchange, with further possible disbursements and special-condition costs unknown.

• Completed sales on the same road vary materially, and the £425,000 figure is an asking-market reference rather than achieved evidence.

• Finance, legal, tax and resale costs are not supplied and are excluded from the calculations.

Recommendation

Proceed only subject to viewing, legal-pack review and a fully costed refurbishment assessment. Treat as a refurbishment-led resale opportunity rather than an evidenced BTL investment; do not bid without establishing a maximum price from verified works and costs.

Strategy Rating

Analysis Confidence

There are several relevant completed sales, including two for the subject, but condition, floor area, refurbishment costs, rent, selling costs and legal-pack disbursements are unavailable. The GDV scenarios are therefore provisional.