2-bedroom flat · DN21 2HW
For saleListed 53 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We offer to the market with no onward chain for ease of purchase a two bedroom second floor apartment, located in a gated development centrally within the market town of Gainsborough which is well served with amenities including Marshalls Yard retail complex, leisure facilities, cafes and restaurants, supermarkets and a number of educational facilities.
Viewing recommended.
Accommodation Second floor apartment accessed via a communal entrance with staircase rising to the wooden entrance door giving access into: Entrance Hallway Loft access, intercom system and doors giving access to: Lounge (4.74m x 3.87m (15'6" x 12'8" )) Wooden double glazed window to the front elevation and two further double glazed roof windows, wall mounted electric heater.
Door giving access into airing cupboard with hot water cylinder and space for low level appliance.
Opening gives access into: Breakfast Kitchen Area (2.41m x 3.18m (7'10" x 10'5" )) Wooden double glazed window to the rear elevation, fitted kitchen comprising base, drawer and wall units with complementary work surfaces, inset stainless steel sink and drainer, space for cooker, provision for automatic washing machine.
Bedroom One (3.88m x 3.56m (12'8" x 11'8" )) Wooden double glazed window to the front elevation and wall mounted electric heater.
Beddroom Two (4.20m x 3.87m (13'9" x 12'8" )) Wooden double glazed window to the rear elevation and wall mounted radiator. Door giving access into: W.C. (2.41m x 0.87m (7'10" x 2'10" )) With w.c.
And pedestal wash hand basin with tiled splashback.
Bathroom (2.41m x 2.16m (7'10" x 7'1" )) Suite comprising w.c, pedestal wash hand basin with tiled splashback and panel sided bath with shower over, tiled splashback and wall mounted electric heater.
Externally Access to parking area. Tenure - Leasehold 150 years from 2022. Service Charge £2,509.78 per annum.
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 at £45.00 + VAT
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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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 11, Carlisle Mews, Gainsborough
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