5 bed end terrace house for sale

Castlegate, Grantham NG31

Attention investors! Expert Property Shop are pleased to bring to the market this spacious 5-Bedroom HMO located in the heart of Grantham Town Centre.

Being sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £220,000
This property will be legally prepared enabling any interested buyer to secure the property immediately once their bid/offer has been accepted. Ultimately a transparent process which provides speed, security and certainty for all parties.

This spacious Victorian end-terrace is positioned in the heart of Grantham town centre, within walking distance of the train station.
Arranged as a five-bedroom HMO with parking, the property is sold with long-term tenants in situ, providing immediate income.

Occupying a total plot size of approximately 261 sq m, this is a substantial and well-configured investment property with a proven rental history.

Property Overview

Five-bedroom HMO arranged over three floors

Approx. 140 sq m of internal accommodation

All bedrooms provide spacious accommodation and are over three floors.

Two bathrooms (ground floor and first floor)

Kitchen plus separate utility room

Large cellar, offering excellent storage or future potential (STPP)

Outdoor space for tenant use

Off-street parking, a valuable feature in this central location

The property is Situated on a residential road one minute from Grantham town centre

Approx. 15-minute walk to Grantham railway station

Strong and consistent tenant demand driven by local employment, amenities, and transport links

Income

Current annual rental income: £25,200

Potential for uplift to full market rent

The property has historically held a valid HMO licence

Due to the previous management company stepping down, the incoming owner will be required to submit a new HMO licence application

Management handover available, ensuring a smooth transition

Investment Opportunity: Established HMO with Immediate Returns

This well-established HMO represents an attractive opportunity for investors seeking a stable, income-producing asset in a high-demand location. The generous room sizes, practical layout, and proximity to the town centre make it particularly appealing to professional tenants, supporting long-term occupancy and reliable cash flow.

With income in place, scope for rental growth, and a proven HMO configuration, this property is well suited to both experienced operators and investors looking to expand their portfolio with a ready-to-perform asset.

Early viewing is strongly advised to appreciate the scale, layout, and income potential of this centrally located HMO. Properties offering immediate income, strong demand, and future upside are rarely available at auction and are consistently well-received by investors.
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that aml procedure are carried out in accordance with the law.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.