Summary - 23 WHEELDON STREET GAINSBOROUGH DN21 1BS
2 bed 1 bath Terraced
Compact two‑bed with attic, strong rental yield potential for hands‑on landlords.
No onward chain; freehold Victorian mid‑terrace
Two bedrooms plus attic room; 689 sq ft multi‑storey layout
Potential rent circa £625 pcm; indicative 10.7% yield
EPC rating D; double glazing present (install date unknown)
Solid brick walls likely without insulation; retrofit recommended
Mains gas boiler and radiators; council tax very low
Small plot and compact rooms; requires cosmetic updating
Area very deprived with very high crime — impacts lettings
This mid‑terrace Victorian property on Wheeldon Street presents a clear investor opportunity with two bedrooms plus an attic room and no onward chain. The house is freehold, offers double glazing, mains gas boiler heating and an EPC rating of D. At the stated price and projected rent of £625 pcm the property delivers an indicative yield around 10.7%.
The layout is compact across multiple storeys (approximately 689 sq ft) with a conventional front living room, small kitchen and a single bathroom. The attic room adds lettable/bedroom potential but the house will benefit from cosmetic updating and some practical improvements to maximise rent. Walls are solid brick with no known insulation; double glazing is present but installation dates are unknown.
Buyers should weigh the positives against clear local factors: the area is very deprived with very high recorded crime, and the plot is small. These factors will affect tenant demand and repair/management costs. This property suits hands‑on landlords or developers comfortable with straightforward refurbishment to improve energy performance and appeal to the local rental market.
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