Summary - 5 GORDON STREET GAINSBOROUGH DN21 1DW
2 bed 1 bath Terraced
Tenanted, low-void income property in central Gainsborough — investor-friendly price.
Freehold two-bedroom Victorian mid-terrace, 821 sq ft
A compact Victorian mid-terrace in central Gainsborough offered as part of a fully let four-property portfolio. The house is sold freehold with tenants in situ under long-standing ASTs managed via NRLA agreements, providing predictable income and low void risk with tenancies active into 2026. At 821 sq ft the layout delivers two double bedrooms, a sitting room and kitchen/diner plus a small private front garden — a practical, lettable arrangement for the local market.
This property is aimed squarely at buy-to-let investors seeking immediate rental yield and portfolio growth. Maintenance is reported as generally well managed and no major structural issues have been declared, but the house is of solid-brick construction (likely uninsulated) and the living room description notes damp issues and dated decor — factors that will influence short-term maintenance spend and energy performance improvements. Council Tax Band A and low flood risk help keep running costs modest.
Location strengths include central, walkable access to Marshall’s Yard, Gainsborough Central station and commuter links to Lincoln, Doncaster and Sheffield. However, the immediate area scores high for crime and very high deprivation; these market realities affect tenant demand, rental levels and future resale. The vendor is flexible on sale structure (individual or portfolio), which could suit investors wanting to scale or to stage purchases.
Buyers should budget for potential refurbishment (insulation, decoration, addressing damp) and verify all tenancy paperwork and compliance on viewing. The sale with tenants in situ means no vacant-possession immediate, so purchasers will acquire an income-producing asset but should be prepared to manage or retain the existing tenancies.
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