2 Bed Flat, Potential PLO/LOA, Grantham, NG31 7FL £95,000

Elvaston Court, Lincolnshire, NG31 7FL 7 - 21 days ago
Leasehold
Negative Equity
~68

Property History

Listed for £95,000

-30%

January 7, 2026

Sold for £123,495

2006

Floor Plans

Description

TENANTED INVESTMENT - TWO BED FLAT - CURRENTLY ACHIEVING £650PCM Mooved are delighted to present this well-proportioned two-bedroom ground floor apartment, ideally situated in the popular market town of Grantham, Lincolnshire. This tenanted property offers immediate income for investors, currently generating £650pcm and being sold with tenants in situ — an excellent turnkey investment opportunity with a solid yield in a consistently strong rental market.

Located in NG31, Elvaston Court is positioned in a desirable residential development within easy reach of Grantham’s town centre. The property benefits from excellent commuter links, with Grantham railway station offering direct services to London Kings Cross in just over an hour, and the A1 nearby for road travel. The area enjoys strong tenant demand thanks to its accessibility, reputable local schools, supermarkets, and recreational spaces.

This ground floor apartment spans approximately 571 sq ft (53 sq m) and offers a practical and appealing layout. Internally, the home features a generous dual-aspect reception room that comfortably accommodates both living and dining areas — a bright and sociable space that appeals to tenants. The separate kitchen is well-equipped with wood-effect cabinetry, gas hob, oven, and space for freestanding appliances, including a washing machine and full-size fridge/freezer.

There are two bedrooms — a spacious primary double and a second bedroom, currently used as a vibrant children’s room, demonstrating its flexibility for family occupancy. The family bathroom is fitted with a full suite, including a shower over bath and a window for ventilation.

Further benefits include gas central heating, uPVC double glazing, a secure entry system, allocated parking, and well-maintained communal areas. The property is situated on the ground floor, ideal for accessibility and long-term tenant retention.

With an existing tenancy in place and a proven rental return, this property offers a low-risk, income-producing asset from day one. The combination of location, layout and established rental history makes this a compelling choice for both new and seasoned investors seeking a stable buy-to-let in the East Midlands.

Disclaimer –

MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.

General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.

Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.

Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.

THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER MOOVED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Mooved, Harrogate

01420 554952

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