Summary - 4 BRITANNIA TERRACE GAINSBOROUGH DN21 1BL
2 bed 1 bath Terraced
Compact income property with scope for energy and cosmetic improvements.
Sold with tenant in situ, producing £600 pcm
A compact two-bedroom mid-terrace producing immediate rental income — currently let at £600 pcm. The property sits centrally in Gainsborough, close to shops, schools and public transport, making it straightforward to let to local renters.
Accommodation is traditional Victorian layout: front lounge, rear breakfast kitchen, two first-floor bedrooms and a bathroom. The house benefits from mains gas central heating and double glazing (installed before 2002), and an enclosed rear garden with storage shed. Construction is solid brick as built, offering good renovation potential internally and for energy-efficiency upgrades.
Important considerations: the area is classified as very deprived with very high local crime levels. The building appears compact with modest room sizes and limited external amenity; walls are assumed uninsulated. The property is sold with a tenant in situ, so vacant possession is not immediate and buyer due diligence on tenancy terms is essential.
At the asking price this is most appropriate for investors seeking an income-producing asset with scope to add value through targeted improvements (insulation, modern heating controls, cosmetic refurbishment). It may also suit a cash-conscious first-time buyer prepared to accept a small floorplan and undertake upgrades over time.
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