Martin & Co says ..

Property Oracle says ..

Haverland House presents a compelling proposition for buyers seeking a substantial property with development potential in a desirable location. Situated in Gonerby Hill Foot, Grantham, it benefits from proximity to well-regarded schools and Grantham town centre. The property itself is a four-bedroom detached house with a large garden. The existing house displays a traditional style, but the interior images reveal dated interiors that would benefit from modernisation. The current interior decor and fixtures appear to be original to the property or at least from a previous generation of home improvement, and are significantly dated. A unique selling point is the inclusion of a large brick barn/garage and approved planning permission. This planning permission provides options: demolishing the existing house to create a new build plot on the existing land, or to extend and modernise the current property. This significantly broadens the property’s appeal to those seeking a renovation project, a blank canvas for a new build, or an extensive home-improvement project. The current asking price of £445,000 needs consideration of the property’s potential. Nearby comparable properties, while smaller and lacking the development opportunity, are priced considerably lower. Therefore, the price reflects the development potential but also requires the purchaser to budget for an investment in the upgrade and modernisation of the house itself. Serious buyers would need to factor in costs associated with either major renovation or redevelopment. The garden itself is mature and extensive. The property’s location, combined with the development opportunity and large garden, suggests that at the right price, it could be a strong investment.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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