2-bedroom flat · DN21 2JP
Listing removedListed 54 days · slow let
Opportunity summary
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About
Two bedroom flat available now. One months rent and deposit required. To enquire about this property, please send an online enquiry through Rightmove or On The Market.
Council Tax Band A EPC Rating C EPC Rating: C ENTRANCE Enter via the communal hallway, and the flat is on the top floor.
ENTRANCE LOBBY Enter via the wooden door into the entrance lobby with fitted carpet, loft access, doors to 2 bedrooms, kitchen lounge, diner, bathroom, and airing cupboard.
There is also an intercom and electric wall heater. LOUNGE/DINER 4.76m x 4.17m Fitted carpet, opening to kitchen, two electric heaters; window to the rear aspect, Velux window.
KITCHEN 2.74m x 1.79m Fitted kitchen comprising wall and base units, single stainless steel sink and drainer with mixer tap, electric oven and hob with extractor over, integral fridge and freezer.
Space for washing machine. Spotlight lighting and tile effect vinyl flooring.
BATHROOM 2.01m x 1.92m Fitted bathroom suite comprising low-level WC, hand wash basin, bath with shower over, heated towel radiator, extractor fan and tiled effect vinyl flooring.
BEDROOM ONE 4.41m x 3.64m Fitted carpet, window to the front aspect, electric wall heater, Velux window.
BEDROOM TWO 2.67m x 4.14m Fitted carpet, window to the front aspect, electric wall-mounted radiator and loft access.
Material Information Verified Material Information Costs and tenure Tenure: Leasehold Lease length: 973 years remaining (999 years from 2000) Council tax band: A EPC rating: C Monthly rent: £650 Security deposit: £750 The building Mid-terrace flat, standard construction Accessibility adaptations: None Services Mains electricity Mains water Mains foul drainage Mains surface water drainage Heating: None Broadband: FTTP (Fibre to the Premises) Mobile coverage: O2 good, Vodafone good, Three great, EE great Parking: Communal Not in a controlled parking zone No disabled parking available Risks and restrictions Not a listed building Not in a conservation area No tree preservation order Material Information Title register restrictions (LL293559): - The owner cannot sell or transfer the property without a certificate from Trinity View Management Ltd and the developers (Madston Developments Ltd or Asset 360 Ltd) confirming that specific lease conditions have been met.
- The owner cannot sell or transfer the property without the written consent of the mortgage lender, Bank of Scotland PLC.
- If there is only one owner, they cannot sell the property alone because of a 'trust' restriction, which usually means a second person must be involved to handle the sale money.
- The property must not be used for selling motor vehicles, car parts, or oil, or for any business that competes with the previous owner's motor trade.
- The owner must not do anything on the land that is offensive, noisy, or causes a nuisance to the neighbours.
- The owner does not have a right to 'light and air' if it would prevent the neighbours from building on their own adjoining land.
No environmental risks recorded Material Information All information is provided without warranty. Contains HM Land Registry data © Crown copyright and database right 2021.
This data is licensed under the Open Government Licence v3.0. The information contained is intended to help you decide whether the property is suitable for you.
You should verify any answers which are important to you with your property lawyer or surveyor or ask for quotes from the appropriate trade experts: builder, plumber, electrician, damp, and timber expert.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
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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
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FAQ
About Trinity View, Gainsborough, DN21
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