Summary - 8 LINCOLN STREET GAINSBOROUGH DN21 2LD
3 bed 1 bath Semi-Detached
Earn immediate rental income from a period three-bedroom home offered at auction.
Sitting tenant paying £630 pcm — immediate rental income
Sold by Modern Method of Auction; reservation fee applies (4.5%, min £6,600)
Three bedrooms, two reception rooms, modern kitchen and bathroom
UPVC double glazing and gas boiler with radiators in place
Solid brick walls; likely no cavity insulation — consider efficiency upgrades
Local area: very deprived with very high crime rates; affects letting demand
A three-bedroom Victorian semi offering immediate rental income through a sitting tenant paying £630 pcm. The property is presented with a modern kitchen, bathroom, UPVC double glazing and mains gas central heating, making it straightforward to let from day one. Sold via the Modern Method of Auction with a non-refundable reservation fee (4.5%, minimum £6,600) and an undisclosed reserve price — buyers should factor auction timings and fees into purchase plans.
Internally the house has two reception rooms, a ground-floor family bathroom, utility room and a first-floor landing WC. Solid brick walls (likely uninsulated) and period construction will suit buyers prepared to consider insulation or energy-efficiency upgrades. The plot is small with a low-maintenance front garden and enclosed rear garden, appealing for a hands-off landlord or owner-occupier seeking manageable outdoor space.
Important practical points: tenure is listed as unknown and the sale route requires buyers to review the auction Buyer Information Pack and legal documents before bidding. The local area scores high on deprivation and crime statistics, which may affect tenant demand and long-term capital growth; local schools are mixed in Ofsted outcomes. Prospective purchasers and finance providers should verify tenancy details, tenure, and local factors before committing.
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