Ready-to-let property near Gainsborough town centre, ideal for investors.
Three bedroom detached house, modern build (post-2012)
A modern three-bedroom detached house offered for sale by online auction. Built post-2012, the property is presented in good order with gas central heating, double glazing and an enclosed rear garden, making it suitable for immediate rental or owner-occupation. It sits less than a mile from Gainsborough town centre, with good access to local shops, Marshalls Yard leisure complex and a range of schools.
The house comes with a garage, driveway and an EPC rating of C. Similar homes in the area are achieving around £800pcm, which equates to an approximate gross yield of about 7.4% at the current guide price. The long lease (250 years from 2008, c.233 years remaining) reduces typical leasehold risk, and annual costs are modest: ground rent £100 and service charge £158.
Important sale factors: the property will be sold at auction (online unconditional sale opens 27 October 2025). Bidders must consult the legal pack before bidding — an administration fee (£1,800 incl VAT) and a buyer’s premium (£1,500 incl VAT) are payable on exchange of contracts, and additional disbursements may apply. Prospective purchasers should verify services and statutory details independently.
Note the surrounding location is described as a very deprived area with higher local crime levels. That context may affect owner-occupation desirability and tenant profiles; however, the house’s condition and proximity to town amenities support lettability and investor interest.
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