Summary - 67, CHURCH STREET, GAINSBOROUGH DN21 2JX
5 bed 1 bath Semi-Detached
Auction opportunity with conversion potential and separate commercial unit.
5 double bedrooms across three floors, Victorian period features throughout
Self-contained former café at rear, potential separate income stream
Projected total rental income circa £20,000 pa after refurbishment
Sold at auction; freehold, vacant possession on completion
Subject to planning for flats or HMO conversion — permissions not granted
Requires refurbishment; services and installations unverified by seller
High local crime rate and very deprived area may affect demand
Buyer fees: £1,500 administration and £1,500 buyer’s premium on exchange
A substantial five-bedroom Victorian semi with a self-contained former café at the rear, offered freehold and vacant at auction. The property presents clear scope to add value through renovation, reconfiguration into flats or an HMO (subject to planning), or by returning the commercial unit to income-producing use. Projected combined rental income is estimated at approximately £20,000 per annum once refurbished.
The house retains period features such as bay windows, high ceilings and a Victorian fireplace, but requires updating throughout. Services and fittings have not been tested; buyers should commission surveys and check the legal pack. EPC rating is TBC. There are additional upfront purchase costs: an administration fee and buyer’s premium of £1,500 each payable on exchange.
Location strengths include central Church Street positioning in Gainsborough with fast broadband, excellent mobile signal and very low flood risk. Counterbalancing factors: the immediate area is very deprived with a very high recorded crime rate, which will affect tenant demand and valuations. Planning or permitted-use changes are unconfirmed and will be the purchaser’s responsibility to obtain.
This lot suits investors or developers prepared to manage refurbishment and local-market leasing or apply for change-of-use. The small plot and existing commercial element give multiple short- and medium-term exit routes, but realistic budgets should allow for renovation, fees and potential remodelling costs.
3 bedroom semi-detached house for sale in Lincoln Street, Gainsborough, Lincolnshire, DN21 — £95,000 • 3 bed • 1 bath • 1066 ft²
2 bedroom end of terrace house for sale in Frampton Terrace, Gainsborough, DN21 — £36,000 • 2 bed • 1 bath • 807 ft²
2 bedroom terraced house for sale in Etherington Street, Gainsborough, Lincoln, Lincolnshire, DN21 2EW, DN21 — £66,000 • 2 bed • 1 bath • 743 ft²
4 bedroom semi-detached house for sale in 137 Sandsfield Lane, Gainsborough, Lincolnshire DN21 1DB, DN21 — £50,000 • 4 bed • 1 bath • 1152 ft²
High street retail property for sale in 88-90 Church Street, Gainsborough, DN21 2JR, DN21 — £18,000 • 1 bed • 1 bath
2 bedroom terraced house for sale in Ashcroft Road, Gainsborough, DN21 — £55,000 • 2 bed • 1 bath
