Small-footprint investment with garden and parking, close to town amenities.
NO UPWARD CHAIN — quick transaction potential
Offered with NO UPWARD CHAIN, this first-floor two-bedroom flat at 8 Carlisle Mews presents a low-entry investment in Gainsborough. The compact 399 sq ft layout includes an open-plan living kitchen, small private garden and shared off-street parking — practical features for rental demand. The block is modern with double glazing and straightforward external maintenance.
Important practical facts for investors: the sale will complete as a leasehold (150 years from 1 January 2023) with a service charge of £1,216.33 per year and no ground rent. Heating is by electric room heaters and the property is electrically powered, which may affect running costs and tenant appeal. The area shows high crime levels and very high deprivation scores, factors to weigh when assessing rental yield and management requirements.
The flat’s compact footprint and basic fittings make it well suited to a buy-to-let investor or a purchaser wanting a renovation project with modest capital outlay. With good mobile signal and average broadband speeds, it meets modern connectivity needs. Prospective buyers should budget for potential upgrades to heating and internal fixtures and obtain independent surveys before purchase.
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