Summary -
2, Drake Street,GAINSBOROUGH,DN21 1DG
DN21 1DG
3 bed 1 bath Terraced
Central three-bed fixer with strong rental potential in rising town centre.
Freehold three-bedroom Victorian terrace with bay window character
This three-storey Victorian terraced house on Drake Street is a budget-priced, freehold opportunity in Gainsborough town centre. The brick façade and bay window retain period character while the interior requires modernization—ideal for a hands-on investor or landlord prepared to carry out refurbishment. The property sits on a small plot but benefits from excellent mobile signal, fast broadband and very low flood risk.
Layout includes three bedrooms and a single bathroom across compact rooms with standard ceiling heights. The mid-20th-century living room shows dated decor, a worn carpet and a fireplace; the kitchen and other spaces will need updating. Council tax is very cheap, and the address places the house close to schools, Aldi, B&Q and town-centre retail, supporting rental demand from local workers and families.
Be aware of material negatives: the surrounding area is very deprived with high local crime rates, and the property is subject to a public notice/repo situation. An offer of £42,500 has been received; further offers must be submitted within five days. For a buyer who accepts renovation work and the local context, this is a low-entry-price asset with clear refurbishment upside and rental potential.
3 bedroom terraced house for sale in Drake Street, Gainsborough, Lincolnshire, DN21 — £90,000 • 3 bed • 1 bath • 1109 ft²
3 bedroom terraced house for sale in Stanley Street, Gainsborough, DN21 — £120,000 • 3 bed • 1 bath
2 bedroom terraced house for sale in Tennyson Street, Gainsborough, DN21 — £60,000 • 2 bed • 1 bath
2 bedroom end of terrace house for sale in Darwin Street, Gainsborough, DN21 1DL, DN21 — £45,000 • 2 bed • 1 bath • 969 ft²
1 bedroom end of terrace house for sale in High Street, Gainsborough, DN21 1BH, DN21 — £35,000 • 1 bed • 1 bath
2 bedroom terraced house for sale in Ashcroft Road, Gainsborough, DN21 — £55,000 • 2 bed • 1 bath
