Sold STC Terraced

12 ALBION PLACE

GRANTHAM, LINCOLNSHIRE NG31 8BQ

3 beds 1 baths 1,141 sq ft Listed 31 Oct 2023 (-960d)

£220,000

Reduced on 23 Apr 2024

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# 3 bedroom terraced house for sale (NG31 8BQ)

## Property Details

| Key | Value |
|-----|-------|
| Address | 12 ALBION PLACE, GRANTHAM, LINCOLNSHIRE NG31 8BQ |
| Price | £220,000 |
| Bedrooms | 3 |
| Bathrooms | 1 |
| Council tax | B |
| Construction age | England and Wales: before 1900 |
| Floor area | 106 m² |
| Last sold | £205,000 Jan 2025 |

## EPC Rating & Upgrade Cost

- **Current rating:** D
- **Potential rating:** B
- **Expiry date:** 29/10/2033
- **Current heating cost:** £2,503/year
- **Est. upgrade cost to C:** £21,600

### Recommendations
- A3 (£1,500 - £2,700)
- Q (£4,000 - £14,000)
- W1 (£800 - £1,200)
- N (£4,000 - £6,000)
- U (£3,500 - £5,500)

[View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/7709-3931-6200-2027-7204)

## Description

*Exceptional Victorian Terraced Home*

This spacious Victorian terrace home spanning four floors of accommodation brimming with character and warmth is perfectly positioned. Nestled in the heart of Grantham, Albion Place enjoys a prime location within walking distance of the vibrant town centre. You're surrounded by an array of Shops, Supermarkets, Primary & Secondary Schools including both Grammar Schools, Restaurants, Bars, Cafes, Cinema, Gymnasiums, Healthcare Services, Bus & Train Station with direct access to London Kings Cross in just over an hour. With Grantham's superb main Road & Train Links you could be in Lincoln, Leicester, Nottingham, Peterborough, Sheffield or London in around an hour making it perfect for any commuters.

The property has some exposed character features and has spacious accommodation comprising of Entrance Hall, Lounge & Dining Room both with fireplaces, Kitchen & Cellar. The first floor leads to 2 Bedrooms, 4 piece Family Bathroom and stairs leading up to the attic, where you'll find the Third Bedroom. Externally the property has a front garden with flower beds & enclosed rear Courtyard with gated access and views of St Wulframs Church.

The home has Gas Fired Central Heating, Call Pygott & Crone NOW to arrange your viewing!

## Property Photos

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## Floorplans

- ![FP12 Albion](/listings/photos/141462851/279542) - FP12 Albion

## EPC Graphs

- ![EPC 1](/listings/photos/141462851/279543) - EPC 1

## FENSA Certificates

This property has 1 FENSA certificate(s) on record.

### FENSA Certificate #6970278
- **Address:** 12 Albion Place, GRANTHAM, NG31 8BQ
- **Certificate Issued:** 16/11/2009
- **Work Completed:** 05/11/2009
- **Items:** 1 window(s)

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 12 ALBION PLACE, GRANTHAM, SOUTH KESTEVEN, LINCOLNSHIRE, NG31 8BQ | £205,000 | 10/01/2025 | Terraced |
| 12 ALBION PLACE, GRANTHAM, SOUTH KESTEVEN, LINCOLNSHIRE, NG31 8BQ | £125,000 | 15/07/2014 | Terraced |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 28 ALFORD STREET, GRANTHAM, SOUTH KESTEVEN, LINCOLNSHIRE, NG31 8BX | £128,500 | 05/02/2026 | Terraced |
| 40 ALFORD STREET, GRANTHAM, SOUTH KESTEVEN, LINCOLNSHIRE, NG31 8BX | £142,000 | 18/12/2025 | Terraced |
| 37 REDCROSS STREET, GRANTHAM, SOUTH KESTEVEN, LINCOLNSHIRE, NG31 8BT | £180,000 | 14/07/2025 | Terraced |
| 51 ALFORD STREET, GRANTHAM, SOUTH KESTEVEN, LINCOLNSHIRE, NG31 8BX | £70,000 | 10/02/2025 | Terraced |
| 49 SIDNEY STREET, GRANTHAM, SOUTH KESTEVEN, LINCOLNSHIRE, NG31 8AZ | £145,000 | 13/12/2023 | Terraced |
| 15 MANTHORPE ROAD, GRANTHAM, SOUTH KESTEVEN, LINCOLNSHIRE, NG31 8DA | £115,000 | 17/11/2023 | Terraced |
| 6 GLADSTONE TERRACE, GRANTHAM, SOUTH KESTEVEN, LINCOLNSHIRE, NG31 8BW | £210,000 | 03/11/2023 | Terraced |
| 47 MANTHORPE ROAD, GRANTHAM, SOUTH KESTEVEN, LINCOLNSHIRE, NG31 8DA | £115,000 | 15/09/2023 | Terraced |
| 33 ALFORD STREET, GRANTHAM, SOUTH KESTEVEN, LINCOLNSHIRE, NG31 8BX | £107,500 | 25/08/2023 | Terraced |
| [Same street] 10 ALBION PLACE, GRANTHAM, SOUTH KESTEVEN, LINCOLNSHIRE, NG31 8BQ | £135,000 | 30/06/2023 | Terraced |
| 36 REDCROSS STREET, GRANTHAM, SOUTH KESTEVEN, LINCOLNSHIRE, NG31 8BT | £135,000 | 02/05/2023 | Terraced |
| 10 NEW STREET, GRANTHAM, SOUTH KESTEVEN, LINCOLNSHIRE, NG31 8BD | £94,500 | 24/02/2023 | Terraced |
| 3 GLADSTONE TERRACE, GRANTHAM, SOUTH KESTEVEN, LINCOLNSHIRE, NG31 8BW | £185,000 | 15/02/2023 | Terraced |
| 70 NORTH PARADE, GRANTHAM, SOUTH KESTEVEN, LINCOLNSHIRE, NG31 8AN | £125,000 | 09/12/2022 | Terraced |
| 13A ALFORD STREET, GRANTHAM, SOUTH KESTEVEN, LINCOLNSHIRE, NG31 8BX | £130,000 | 05/12/2022 | Terraced |
| 8 SIDNEY STREET, GRANTHAM, SOUTH KESTEVEN, LINCOLNSHIRE, NG31 8AZ | £116,000 | 29/11/2022 | Terraced |
| 21 SIDNEY STREET, GRANTHAM, SOUTH KESTEVEN, LINCOLNSHIRE, NG31 8AZ | £156,000 | 28/10/2022 | Terraced |
| 44 NEW STREET, GRANTHAM, SOUTH KESTEVEN, LINCOLNSHIRE, NG31 8BB | £142,500 | 14/10/2022 | Terraced |
| 3 ALBION STREET, GRANTHAM, SOUTH KESTEVEN, LINCOLNSHIRE, NG31 8BG | £245,500 | 30/09/2022 | Terraced |
| 10 SIDNEY STREET, GRANTHAM, SOUTH KESTEVEN, LINCOLNSHIRE, NG31 8AZ | £124,000 | 07/09/2022 | Terraced |
| 28 SIDNEY STREET, GRANTHAM, SOUTH KESTEVEN, LINCOLNSHIRE, NG31 8AZ | £90,000 | 12/08/2022 | Terraced |
| [Same street] 9 ALBION PLACE, GRANTHAM, SOUTH KESTEVEN, LINCOLNSHIRE, NG31 8BQ | £160,000 | 31/08/2021 | Terraced |

**Street average:** £147,500 (2 sales)
**Area average:** £137,825 (20 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £169,613 (42 Terraced, NG31, 2024–2026)
- **Deviation:** +29.7%

## Rental Range

*ONS Price Index of Private Rents (South Kesteven). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £753/mo
- **Realistic:** £837/mo
- **Optimistic:** £921/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Grantham & Newark (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £653/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 3 Bed Detached House, Wensleydale Close, NG31 | £1,200/mo | 3 | 1.06 miles | OpenRent |

**Average rent: £1,200/mo (1 listing)**

## 1% Rule

- **Rent ratio:** 0.55% (weak for cashflow)
- **Max investor price (0.8%):** £150,000
- **Target investor price (1%):** £120,000

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £1,200/mo).*

- **Gross yield:** 6.5%
- **Cost-to-rent:** 15.3×
- **Monthly cashflow:** £189/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 3.5%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Price per Square Metre

- **£/m²:** £2,075/m²

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** 31.4%
- **10y growth:** 54.7%

## House Price Index (HM Land Registry)

*Official index for South Kesteven; Terraced series; as of March 2026.*

- **1y growth (index):** -0.5%
- **5y growth (index):** 13.3%
- **10y growth (index):** 45.9%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)

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Property details

Tenure

FREEHOLD

Floor area

106 m²

Council tax band

EPC rating

Year built

England and Wales: before 1900

Last sold

£205,000 Jan 2025

Price per m²

£2,075/m²

Local average

£169,613 (+29.7%)

Deprivation

Decile 3 (9,366 of 33,755)

Street crime

309 incidents within 1 mile (Apr 2026)

Key features

Spacious 4-Floor Victorian Home
Ideal Proximity to Town Centre
Charming Lounge & Dining Room with Open Fireplaces
Two Bedrooms & a Versatile Attic Bedroom
Front Garden and a Delightful Enclosed Courtyard at the Rear
Distinctive Features - Fireplaces, Split-Level Landing, and a Generous Bathroom
Wonderful Residential Location
Act Now - Schedule Your Viewing Today!
EPC Rating - D, Council Tax Band - B

Additional details

Garden: Yes

Description

*Exceptional Victorian Terraced Home*
This spacious Victorian terrace home spanning four floors of accommodation brimming with character and warmth is perfectly positioned. Nestled in the heart of Grantham, Albion Place enjoys a prime location within walking distance of the vibrant town centre. You're surrounded by an array of Shops, Supermarkets, Primary & Secondary Schools including both Grammar Schools, Restaurants, Bars, Cafes, Cinema, Gymnasiums, Healthcare Services, Bus & Train Station with direct access to London Kings Cross in just over an hour. With Grantham's superb main Road & Train Links you could be in Lincoln, Leicester, Nottingham, Peterborough, Sheffield or London in around an hour making it perfect for any commuters.
The property has some exposed character features and has spacious accommodation comprising of Entrance Hall, Lounge & Dining Room both with fireplaces, Kitchen & Cellar. The first floor leads to 2 Bedrooms, 4 piece Family Bathroom and stairs leading up to the attic, where you'll find the Third Bedroom. Externally the property has a front garden with flower beds & enclosed rear Courtyard with gated access and views of St Wulframs Church.
The home has Gas Fired Central Heating, Call Pygott & Crone NOW to arrange your viewing!

Listed by

Grantham

Pygott & Crone

Reference: 141462851

EPC Rating & Upgrade Cost

Current rating: D

Potential rating: B

Inspection date: 30/10/2023

Expiry date: 29/10/2033

Current heating cost: £2,503/year

Potential heating cost: £1,477/year

Est. upgrade cost to C: £21,600

EPC D or below may face future regulation risk. Upgrading to C could improve long-term ROI.

Recommendations

Room-in-roof insulation (£1,500 - £2,700)
50 mm internal or external wall insulation (£4,000 - £14,000)
Floor insulation (suspended floor) (£800 - £1,200)
Solar water heating (£4,000 - £6,000)
Solar photovoltaic panels, 2.5 kWp (£3,500 - £5,500)

View full EPC on gov.uk

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

FP12 Albion

EPC Graphs

EPC 1

FENSA Certificates

This property has 1 FENSA certificate(s) on record, indicating window/door installations by FENSA-approved installers.

FENSA Certificate #6970278

Property Details

Street: 12 Albion Place

Town: GRANTHAM

Postcode: NG31 8BQ

Installation Details

Items: 1 window

Certificate Issued: 16/11/2009

Work Completed: 05/11/2009

This certificate data was retrieved from FENSA's database

What is FENSA? FENSA (Fenestration Self-Assessment Scheme) is a government-authorised scheme that monitors building regulation compliance for replacement windows and doors. Certificates indicate that work was completed by FENSA-approved installers.

Price history

64% since 2014

Event	Date	Price	% change
Sold	10/01/2025 (1 year ago)	£205,000	+64%
Sold	15/07/2014 (11 years ago)	£125,000	—

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address	Price	Date	Type
28 ALFORD STREET, GRANTHAM, SOUTH KESTEVEN, LINCOLNSHIRE, NG31 8BX	£128,500	05/02/2026	Terraced
40 ALFORD STREET, GRANTHAM, SOUTH KESTEVEN, LINCOLNSHIRE, NG31 8BX	£142,000	18/12/2025	Terraced
37 REDCROSS STREET, GRANTHAM, SOUTH KESTEVEN, LINCOLNSHIRE, NG31 8BT	£180,000	14/07/2025	Terraced
51 ALFORD STREET, GRANTHAM, SOUTH KESTEVEN, LINCOLNSHIRE, NG31 8BX	£70,000	10/02/2025	Terraced
49 SIDNEY STREET, GRANTHAM, SOUTH KESTEVEN, LINCOLNSHIRE, NG31 8AZ	£145,000	13/12/2023	Terraced
15 MANTHORPE ROAD, GRANTHAM, SOUTH KESTEVEN, LINCOLNSHIRE, NG31 8DA	£115,000	17/11/2023	Terraced
6 GLADSTONE TERRACE, GRANTHAM, SOUTH KESTEVEN, LINCOLNSHIRE, NG31 8BW	£210,000	03/11/2023	Terraced
47 MANTHORPE ROAD, GRANTHAM, SOUTH KESTEVEN, LINCOLNSHIRE, NG31 8DA	£115,000	15/09/2023	Terraced
33 ALFORD STREET, GRANTHAM, SOUTH KESTEVEN, LINCOLNSHIRE, NG31 8BX	£107,500	25/08/2023	Terraced
Same street 10 ALBION PLACE, GRANTHAM, SOUTH KESTEVEN, LINCOLNSHIRE, NG31 8BQ	£135,000	30/06/2023	Terraced
36 REDCROSS STREET, GRANTHAM, SOUTH KESTEVEN, LINCOLNSHIRE, NG31 8BT	£135,000	02/05/2023	Terraced
10 NEW STREET, GRANTHAM, SOUTH KESTEVEN, LINCOLNSHIRE, NG31 8BD	£94,500	24/02/2023	Terraced
3 GLADSTONE TERRACE, GRANTHAM, SOUTH KESTEVEN, LINCOLNSHIRE, NG31 8BW	£185,000	15/02/2023	Terraced
70 NORTH PARADE, GRANTHAM, SOUTH KESTEVEN, LINCOLNSHIRE, NG31 8AN	£125,000	09/12/2022	Terraced
13A ALFORD STREET, GRANTHAM, SOUTH KESTEVEN, LINCOLNSHIRE, NG31 8BX	£130,000	05/12/2022	Terraced
8 SIDNEY STREET, GRANTHAM, SOUTH KESTEVEN, LINCOLNSHIRE, NG31 8AZ	£116,000	29/11/2022	Terraced
21 SIDNEY STREET, GRANTHAM, SOUTH KESTEVEN, LINCOLNSHIRE, NG31 8AZ	£156,000	28/10/2022	Terraced
44 NEW STREET, GRANTHAM, SOUTH KESTEVEN, LINCOLNSHIRE, NG31 8BB	£142,500	14/10/2022	Terraced
3 ALBION STREET, GRANTHAM, SOUTH KESTEVEN, LINCOLNSHIRE, NG31 8BG	£245,500	30/09/2022	Terraced
10 SIDNEY STREET, GRANTHAM, SOUTH KESTEVEN, LINCOLNSHIRE, NG31 8AZ	£124,000	07/09/2022	Terraced
28 SIDNEY STREET, GRANTHAM, SOUTH KESTEVEN, LINCOLNSHIRE, NG31 8AZ	£90,000	12/08/2022	Terraced
Same street 9 ALBION PLACE, GRANTHAM, SOUTH KESTEVEN, LINCOLNSHIRE, NG31 8BQ	£160,000	31/08/2021	Terraced

Street average: £147,500 (2 sales)

Area average: £137,825 (20 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth 31.4%

10y growth 54.7%

House Price Index (HM Land Registry — official index, not sold-price averages): South Kesteven. Series: Terraced. As of March 2026.

1y (index) -0.5%

5y (index) 13.3%

10y (index) 45.9%

Rental Range

Estimated market rent for South Kesteven. Low = conservative, Realistic = average, Optimistic = best case.

Low £753/mo

Realistic £837/mo

Optimistic £921/mo

Based on Local Authority from postcode lookup → South Kesteven.

LHA (30th percentile) floor for Grantham & Newark: £653/mo (Apr 2025 – Mar 2026)

Location

Map view View on Google Maps View on OpenStreetMap Street View NG31 8BQ

Nearby

Nearest stations, universities and amenities (distance from property).

Type	Name	Distance
Bus stop	The King's School	0.0 miles
Shop	Close Inkounters	0.1 miles
Shop	Purl a Row	0.1 miles
Hospital	Grantham and District Hospital	0.3 miles
Train station	Grantham	0.7 miles
University	Harlaxton College	2.8 miles
Train station	Bottesford	6.6 miles
Hospital	Rauceby Hospital	9.2 miles

Street-level crime

Category	Count
Violence and sexual offences	80
Anti-social behaviour	68
Shoplifting	58
Criminal damage and arson	22
Vehicle crime	20
Public order	17
Other theft	14
Robbery	7
Bicycle theft	6
Burglary	5
Possession of weapons	5
Other crime	4
Drugs	3
Total incidents	309

Within 1 mile during Apr 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name	Type	Distance	Ofsted
The King's School, Grantham	Secondary	0.1 miles	Good — 6 Feb 2023
St Wulfram's National Church of England Primary School	Primary	0.1 miles	Requires improvement — 2 May 2022
Wyndham Park Nursery School	Nursery	0.3 miles	Outstanding — 19 Oct 2012
The Little Gonerby Church of England Primary Academy, Grantham	Primary	0.4 miles	Good — 20 Nov 2023
Grantham College	Other	0.4 miles	— (No rating)

Rental Comparables

Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.

Title	Rent	Beds	Distance	As seen on
3 Bed Detached House, Wensleydale Close, NG31	£1,200/mo	3	1.06 miles	OpenRent

Average rent: £1,200/mo (1 listing)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.55%

Max investor price (0.8%) £150,000

Target investor price (1%) £120,000

Gross yield 6.5%

Cost-to-rent ratio 15.3×

Monthly cashflow £189/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI 3.5%

Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
Gross yield — Annual rent as % of purchase price (no costs).
Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).