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2 bed flat for sale Penrhyn Way, Grantham, NG31

OIRO

£145,000

Reduced on 16/10/2026

Type: Flat
Bedrooms: 2
Bathrooms: 1
Size: £208 per sq ft
Tenure: Leasehold; 983 years left

Service charge £1,738 a yearGround rent £100 a year Council tax Band A £1,507 a year

Key features

Ground floor apartment
Main bedroom with en-suite
Very well presented throughout
Two double bedrooms
Open-plan kitchen and living space
Quiet, sought-after Grantham position
Separate family bathroom
Useful utility cupboard
Allocated parking space
Two visitor parking spaces

About this property

Well-presented ground floor apartment in a quiet Grantham position!!

If you’re looking for a home that’s easy to live in and well connected, this smartly presented two-bedroom ground floor apartment could be just the ticket. Set in a sought-after, quiet position in Grantham, the property is in good condition throughout and offers a practical layout with plenty of space to relax and entertain.

Floorplan

Council tax

Band A £1,507 a year

Per year

Band A

This home: £1,507
Band B

£1,758
Band C

£2,009
Band D

£2,260
Band E

£2,762
Band F

£3,264
Band G

£3,767
Band H

£4,520

This home is in band A, which costs £1,507 a year in South Kesteven for 2026/27.

Figures from MHCLG (Open Government Licence v3): the average bill for each band across South Kesteven, including the typical parish precept, so a parish's own bill can differ a little. Discounts lower the bill, such as 25% off for an adult living alone. Check a home's band on GOV.UK.

Property timeline

Reduced

October 2026 £145,000

Was £148,000
Reduced

September 2026 £148,000

Was £150,000
Listed

September 2026 £150,000

2 beds · 1 bath · this listing

Past sales can't be shown: the agent hasn't given the flat number.

Price guide

This home

£208 / sq ft

Area average (sold)

£230 / sq ft

Price per area, sold homes nearby

£154 / sq ft

£208 / sq ft

£302 / sq ft

Lowest

This home

Highest

£208 per sq ft, below the middle of recent sales in NG31 (£154–£302, 10th–90th percentile, 1,313 sales over 24 months).

Lowest and highest are the 10th and 90th percentiles of 1,313 homes sold in NG31 over the last 24 months. This home's figure uses its asking price. All sold £/sq ft in NG31 →

Location

Penrhyn Way, Grantham, NG31

Open map Street View

Mortgage and stamp duty

Property price £145,000

£72k £218k

Deposit10% £15,000

£0 £145k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £130,000 mortgage. Most lenders would want a household income of about £29,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.

Properties sold nearby

HM Land Registry sales nearby. Floor areas from Energy Performance Certificates where matched.

Address	Type	Sold	Size	Size	£/sq ft	Price
Flat 4, 20, Penrhyn Way Flat / maisonette	Flat / maisonette	Mar 2025	678 sq ft £206/sq ft	678 sq ft	£206	£140,000
Flat 2, 20, Penrhyn Way Flat / maisonette	Flat / maisonette	Feb 2025	689 sq ft £200/sq ft	689 sq ft	£200	£138,000
Flat 6, 20, Penrhyn Way Flat / maisonette	Flat / maisonette	Aug 2024	678 sq ft £209/sq ft	678 sq ft	£209	£142,000
Flat 5, 20, Penrhyn Way Flat / maisonette	Flat / maisonette	Aug 2023	721 sq ft £191/sq ft	721 sq ft	£191	£137,500
Flat 1, 20, Penrhyn Way Flat / maisonette	Flat / maisonette	Aug 2023	732 sq ft £191/sq ft	732 sq ft	£191	£140,000
Flat 1, 20, Penrhyn Way Flat / maisonette	Flat / maisonette	Nov 2020	732 sq ft £176/sq ft	732 sq ft	£176	£129,000
Flat 2, 20, Penrhyn Way Flat / maisonette · new build	Flat / maisonette · new build	Jun 2018	689 sq ft £179/sq ft	689 sq ft	£179	£122,995
Flat 6, 20, Penrhyn Way Flat / maisonette · new build	Flat / maisonette · new build	Jun 2018	678 sq ft £184/sq ft	678 sq ft	£184	£124,995