1 bed flat for sale

Avenue Road, Montanari Court Avenue Road NG31

Walters Grantham is Proud to Present this Fantastic Investment or First Time Purchase Opportunity!

The Location:

Situated within easy reach of Grantham Town Centre, Montanari Court offers convenient access to a wide range of local amenities, including shops, supermarkets, restaurants, and leisure facilities. The property is ideally positioned for commuters, with Grantham Railway Station just a short distance away, providing direct services to London King's Cross in approximately one hour. Excellent road links via the A1 and A52 further enhance connectivity to surrounding towns and cities.

Grantham continues to be a popular choice for professionals, first-time buyers, and investors alike, offering a blend of historic charm, modern conveniences, well-regarded schools, and beautiful surrounding countryside. With parks, local attractions, and everyday essentials all within easy reach, this location provides both practicality and lifestyle appeal.

The Investment:

Based on a purchase price of £80,000 and a realistic rental income of £625 per calendar month, the property generates an annual rental income of £7,500. This equates to a gross rental yield of approximately 9.4%, making it a strong entry-level investment opportunity. At this level of yield, the property offers an attractive balance of affordability and return, with the potential for steady demand from tenants seeking well-located, low-maintenance accommodation.

In addition to the immediate income return, the property also presents longer-term capital growth potential. Over time, well-located and affordable apartments such as this typically benefit from steady appreciation in value, particularly in areas with consistent rental demand and limited entry-level stock. This combination of strong ongoing yield and potential uplift in capital value makes it particularly appealing to long-term investors looking to build equity while generating reliable monthly cash flow.

The Property:

Entrance & Communal Areas

Accessed via secure key coded entry door, Montanari Court provides residents with peace of mind and a welcoming environment. The development benefits from a well-maintained courtyard setting with secure communal access to the apartment building.

Living Room

This bright and spacious living area offers an excellent space for both relaxation and entertaining. A large bay window allows natural light to flood the room, creating a welcoming and airy atmosphere throughout the day. The generous proportions provide ample space for comfortable seating as well as a dining area, making it a versatile room that can be adapted to suit a variety of lifestyles.

Kitchen

Positioned just off the living area, the fitted kitchen is both practical and functional. Offering a range of wall and base units, ample worktop space, and integrated cooking facilities, the layout has been designed to maximise storage and efficiency. The neutral finish creates a timeless look while providing everything needed for day-to-day living.

Bedroom

The well-proportioned double bedroom provides a comfortable retreat, benefiting from excellent natural light and a neutral décor throughout. With sufficient space for bedroom furniture and additional storage, the room offers both practicality and comfort.

Bathroom

The bathroom is fitted with a modern three-piece suite comprising a bath with shower over, wash hand basin, and WC. Finished in neutral tiling, the space is both functional and easy to maintain, providing everything required for everyday convenience.

Additional Information

The apartment is presented in a neutral condition throughout, featuring modern flooring, bright interiors, and well-maintained accommodation ready for immediate occupation. This property would make an excellent first-time purchase, investment opportunity, or low-maintenance home for those seeking convenient town-centre living.

Disclaimer:

Anti Money Laundering Regulations: As per regulations, future buyers will be requested to provide identification documentation at a later stage. Your cooperation is appreciated to ensure a smooth sale process.

Guidance Measurements: The measurements provided are for guidance purposes only. Prospective buyers are strongly recommended to double-check the measurements before making any financial commitments.

Appliance Condition: No testing of appliances, equipment, fixtures, fittings, or services has been carried out by Walters Grantham. Buyers are advised to independently assess the condition of appliances.

EPC Rating: C