2-bedroom flat · DN21 1LP
Sold STCListed 168 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We have received an offer of £49,500. Any increased offers are to be received within 5 days of this publication at above agents.
Martin & Co are delighted to present this two bedroomed apartment to the local sales market.
Located within Furleys Wharf on Bridge Street, Gainsborough, this property benefits from its location, amenities and closeness to the train station.
The accommodation has two bedrooms a family bathroom and a kitchen/dining/lounge. The service charge is £1683.65pa, ground rent £245pa and there are 104 years remaining on the lease.
There is a tenant in situ for £570 PCM.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Furleys Wharf, Gainsborough
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