Modern Method of Auction
Auction date not yet published
3-bedroom semi-detached house · DN21 2HD
For saleListed 26 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered for sale via the Modern Method of Auction. A three-bedroom semi-detached property situated close to Gainsborough town centre, offering excellent potential for modernisation and improvement.
Benefitting from a front garden, enclosed rear yard and on-street parking.
Step Inside This three-bedroom semi-detached property presents an excellent opportunity for buyers looking to create a home to their own taste.
Offering well-proportioned accommodation with plenty of potential, the property could appeal to first-time buyers, families and investors alike.
Step Outside To the front is a private garden area, providing a pleasant approach to the property, while to the rear is an enclosed yard offering a low-maintenance outside space.
Street parking is available nearby.
Location Situated on Spital Terrace in Gainsborough, the property is conveniently located close to the town centre, providing easy access to a range of shops, amenities and everyday services.
Its central position and potential for improvement make it an appealing opportunity for a variety of purchasers.
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period").
Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken.
Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.
ENTRANCE HALL LIVING ROOM 12' 8" x 12' 7" (3.85m x 3.83m) DINING ROOM 13' 10" x 13' 6" (4.22m x 4.11m) KITCHEN 15' 11" x 8' 9" (4.85m x 2.67m) LANDING BEDROOM ONE 16' 10" x 12' 7" (5.12m x 3.83m) BEDROOM TWO 13' 10" x 10' 2" (4.22m x 3.09m) BEDROOM THREE BATHROOM 8' 9" x 6' 0" (2.67m x 1.84m) CELLAR 20' 7" x 15' 7" (6.28m x 4.75m) AGENTS NOTES TO BUYERS Prospective purchasers are advised that, in addition to the purchase price, further costs may be incurred when buying a property.
These can include, but are not limited to, Stamp Duty Land Tax (SDLT), legal and conveyancing fees, survey costs, and mortgage arrangement fees.
Buyers should ensure they seek appropriate financial advice and budget accordingly.
Value & comps
No previous sales on record.
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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 starting price
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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 Spital Terrace, Gainsborough, Lincolnshire, DN21
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