Summary - 48 ETHERINGTON STREET GAINSBOROUGH DN21 2EW
2 bed 1 bath Terraced
Central investment opportunity with sitting tenant and immediate exchange option.
Town-centre location — shops, bus station and cinema within five-minute walk
A compact two-bedroom Victorian mid-terrace in Gainsborough city centre, offered with a sitting tenant at £475pcm and immediate exchange possible via Secure Sale. Its town-centre position places shops, bus station and leisure amenities within a five-minute walk, supporting rental demand and easy access for tenants.
Internally the house provides a lounge, dining room, fitted kitchen, two double bedrooms and a modern family bathroom. Benefits include gas central heating and UPVC double glazing; the property is freehold with a small private enclosed rear garden. Constructed circa 1900–1929, the solid brick walls are assumed to lack insulation and some traditional maintenance or upgrades may be needed.
This lot is sold at auction under Modern or Traditional terms. Buyers should note auction costs and conditions: a non-refundable 5% deposit on exchange, plus a reservation fee up to 6% (inc VAT) with a minimum of £6,000. A legal pack is available and buyers are advised to complete AML verification and seek legal advice before bidding.
Location strengths come from proximity to major retail (Marks & Spencer, The Range) and transport links, and nearby schools including a top-performing secondary (Queen Elizabeth’s High School). Buyers should weigh the strong central location and rental income against local challenges such as very high crime rates and a very-deprived area classification.
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