3-bedroom house · DN21 2NX
Listing removedReduced £5k (−5.3%) on 24 JunListed 221 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We offer to the market a three bedroom mid terrace house with no onward chain for ease of purchase, located in a popular established residential area within the market town of Gainsborough, which is well served with amenities including Marshall’s Yard Retail complex, cafes/restaurants, leisure facilities and schools including the well regarded Queen Elizabeth High School.
The property benefits from UPVC double glazing and gas central heating.
Accommodation UPVC double glazed entrance door leading into: Entrance Hallway Stairs rising to first floor accommodation, radiator and doors giving access to: Lounge (4.00m x 3.21m to its maximum dimensions (13'1" x 1) UPVC double glazed bay window to the front elevation, radiator coving to ceiling.
Dining Room (3.74m x 3.29m (12'3" x 10'9" )) UPVC double glazed window to the rear elevation, radiator, laminate flooring, access to under stairs storage area and door giving access into: Kitchen (2.88m x 2.35m (9'5" x 7'8" )) UPVC double glazed window and entrance door to the side elevation, fitted kitchen comprising base, drawer, wall and larder unit with complementary work surfaces, inset stainless steel sink and drainer, space for cooker, provision for automatic washing machine and space for fridge freezer, wall mounted gas fired central heating boiler.
Door giving access into: Bathroom (2.34m x 1.78m to its maximum dimensions (7'8" x 5') UPVC double glazed window to the side elevation, suite comprisiing w.c., pedestal wash hand basin, panel sided bath with shower attachement and radiator.
First Floor Landing With doors in turn giving access to: Master Bedroom (4.21m x 3.55m (13'9" x 11'7" )) Two uPVC double glazed windows to the front elevation, radiator, cast iron fire feature and laminate flooring.
Bedroom Two (3.75m x 3.60m (12'3" x 11'9" )) UPVC double glazed window to the rear elevation, radiator and coving to ceiling, laminate flooring.
Bedroom Three (3.04m x 2.36m (9'11" x 7'8" )) UPVC double glazed window to the rear elevation, radiator, laminate flooring and coving to ceiling.
Externally To the front is a wall and gated buffer garden with pathway leading to the front entrance door and to the rear is a low maintenance enclosed garden with brick built storage areas.
Tenure - Freehold Council Tax Through enquiry of the West Lindsey District Council we have been advised that the property is in Rating Band 'A' Estate agents operating in the UK are required to conduct Anti-Money Laundering (aml) checks in compliance with the regulations set forth by hm Revenue and Customs (hmrc) for all property transactions.
It is mandatory for both buyers and sellers to successfully complete these checks before any property transaction can proceed.
Our estate agency uses Coadjute’s Assured Compliance service to facilitate the aml checks. A fee will be charged for each individual aml check conducted
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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 181, Ropery Road, Gainsborough
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