Auction
Auction date passed
This lot went to auction on 29 September 2026 (23 days ago) but remains listed. It was still on the portal today. That usually means it didn’t sell — it may now be available by private treaty or head to a future auction. Worth confirming current availability with the agent.
Terraced house · DN21 2DD
For saleListed 50 daysAuction 29 Sep · unsold, still listed
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale by online auction! Bidding will take place on the Auction Agent website on Tuesday 29th September 2026 @ 12pm!
An excellent opportunity to acquire a substantial mixed-use property occupying a prominent position on Lord Street in Gainsborough.
The ground floor provides commercial premises with a retail area, offering flexible space suitable for a variety of business uses and development opportunity subject to any necessary consents.
Above the commercial accommodation is a spacious residential area arranged over two floors.
Each floor contains two rooms, providing four rooms in total, together with an additional two rooms in the attic.
The property offers considerable potential for investors, owner-occupiers or developers seeking a versatile commercial and residential building in an established town-centre location.
The property occupies a convenient town-centre position, within easy walking distance of a wide range of shops, supermarkets, cafés, restaurants and everyday services.
Gainsborough Central railway station and the town’s bus station are also nearby, providing convenient transport connections for residents, customers and staff.
Guide Price: £50,000 - £60,000 Buyers are advised to check the legal pack before bidding, this will be available on the Auction Agent website once received.
Buyers are also advised to check the website for any updates to the lot before the auction.
Retail Area - (8.77 x 4.304) Room 1 - (2.980 x 4.275) Room 2 - (4.117 x 3.901) Room 3 - (4.283 x 2.992) Room 4 - (4.155 x 3.896) Room 5 - (4.633 x 3.946) Room 6 - (4.290 x 3.946) Brochure Prepared 02/09/2026 Tenure See Legal Pack Epc Tbc Solicitor Tbc General 1.All statements contained in these particulars are for indicative purposes only and are made without responsibility on the part of Auction Agent Ltd and the vendors of this property and are not to be relied on as statements or representations of fact.
Potential purchasers should satisfy themselves by inspection or otherwise as to the accuracy of such details contained in these particulars. 2.
Bidding will commence on Tuesday 29th September 2026 and conclude on Wednesday 30th September 2026.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 33, Lord Street, Gainsborough
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