Summary - 88-90, CHURCH STREET, GAINSBOROUGH DN21 2JR
1 bed 1 bath Not Specified
Significant redevelopment potential in central Gainsborough, sold at auction.
Grade II listed Georgian three-storey townhouse with historic character
An unusual opportunity to buy a Grade II listed Georgian three-storey townhouse in central Gainsborough, offered for unconditional auction. The property is freehold, currently occupied and producing a small income of £240 pcm. It sits close to Marshalls Yard retail and town-centre amenities and benefits from excellent mobile and fast broadband connectivity.
The building offers substantial redevelopment potential across three floors and a decent plot with an enclosed rear courtyard. Subject to necessary planning consents and listed‑building constraints, the layout could be reconfigured to create multiple residential units or a single large dwelling. The town is undergoing regeneration, which could support future value uplift.
Buyers should budget for significant works. The rear yard is derelict and overgrown; the property requires refurbishment throughout and will need listed-building consent for many changes. The area scores high for crime and very high deprivation, and the sale carries an administration fee of £3,600 payable on exchange. Prospective purchasers must review the legal pack and statutory services before bidding.
This lot suits experienced developers or investors comfortable with listed‑building projects, refurbishment budgets and an on‑market auction process. The low guide price reflects condition and constraints, offering scope for capital uplift if managed with appropriate permissions and repairs.
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