Summary - 3 WALL STREET GAINSBOROUGH DN21 1HZ
3 bed 1 bath House
Low starting bid and solid rental prospect for hands-on investors.
Three bedrooms with one bathroom and compact living space
Potential rental £675 pcm — projected 7.36% gross yield
Freehold; sold via Secure Sale auction, immediate contract exchange
Off-street parking, rear garden with decking and large shed
EPC rating D; mains gas boiler and radiators present
Solid brick walls likely uninsulated; thermal upgrade recommended
Area is very deprived with very high local crime levels
Services and heating/appliances untested — factor inspection costs
This three-bedroom semi-detached house in Gainsborough is offered freehold with a low starting bid of £80,000 via a Secure Sale online auction, presenting clear investment potential. Estimated rent of £675 pcm gives a projected gross yield of about 7.36%, and the property includes off-street parking, a generous rear garden with decking and a large shed, and an EPC rating of D.
Internally the home has a fitted kitchen, lounge and a modernised three-piece bathroom with walk-in shower. Heating is mains gas with a boiler and radiators; double glazing is present though install date is unknown. The solid brick construction and small overall size mean this is a compact, straightforward refurbishment or rental opportunity rather than a family expansion project.
Buyers should note material local and property considerations: the area is classified as very deprived with very high crime levels, which can affect tenant demand and insurance costs. The walls are assumed to be uninsulated, and services, heating systems and appliances have not been tested — further inspection and budgeting for upgrades are recommended.
This lot suits investors or buyers wanting a short refurbishment and rental return, or owner-occupiers seeking a low-cost entry with scope to improve. Sale terms include immediate exchange of contracts; bidders must review Secure Sale terms and arrange their own checks before purchase.
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