Summary - SANDARS MALTINGS SANDARS MALTINGS Bridge Street, Gainsborough DN21 1JA
2 bed 1 bath Apartment
Turnkey income with strong rental demand and immediate returns.
7% net yield assured for two years, income-producing and tenanted
Riverside development; many units have river views
Completed, fully managed development—immediate rental income
Compact two-bedroom apartment, total 614 sq ft
Lower-ground bedroom: low ceiling and small window
Leasehold tenure; cash-purchase marketed—confirm lease length and charges
Located 10-minute walk to town centre and train station
Local area: very high crime and very deprived — impacts tenant mix
Sandars Maltings is a completed, income-producing two-bedroom apartment in a converted riverside mill, offered with an assured 7% net yield for two years. The development is largely tenanted and fully managed, providing immediate rental income and simplified hands-off ownership for investors. Many apartments enjoy river views and high ceilings in the industrial conversion’s main living spaces.
The flat totals 614 sq ft and includes a lower-ground bedroom with a low ceiling and small window; overall internal space is compact. The building is leasehold and the scheme is marketed as a cash-purchase investment; buyers should confirm lease length, service charges and management terms before committing. Flood risk is low and broadband and mobile signal are strong.
Location supports rental demand—10-minute walks to the town centre and train station, with local amenities close by. However, the property sits in an area of high crime and very high deprivation, which can affect tenant profiles and long-term capital growth. Consider short-term letting or targeting local commuter tenants to maximise returns.
This opportunity suits investors seeking immediate income from a low-entry, high-yield asset, who accept compact living space, leasehold constraints, and neighbourhood challenges. The conversion’s character and riverside position help tenant appeal, but prudent due diligence is essential on tenure details and local letting strategies.
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