1-bedroom flat · DN21 1LE
For saleListed 105 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold Modern first floor flat – one double bedroom – designated parking space – convenient for town centre & marshall’s yard A modern first floor one bedroom flat, ideally situated within an established residential area convenient for Gainsborough town centre and the popular Marshall’s Yard Retail and Leisure Complex.
The accommodation comprises a ground floor entrance hall with staircase leading to the first floor landing with useful fitted storage cupboards, a spacious front-facing lounge diner, fitted kitchen, one double bedroom with wardrobe space and a separate bathroom.
The property benefits from gas central heating and a designated parking space within the communal car park. View via our Gainsborough Marshall Yard Office. EPC Rating: C, Council Tax Band: A.
Situation The property is located on Thorndike Court, a popular and well-positioned area of the traditional Lincolnshire market town of Gainsborough.
The town centre is within easy reach and offers a wide range of facilities and amenities, including the popular Marshall’s Yard Retail and Leisure Complex.
Gainsborough is also well placed for access to Scunthorpe and Retford, together with the cities of Lincoln and Doncaster.
Lounge (3.3m x 4.2m) Kitchen (1.80m x 3.84m) Bathroom (1.80m x 1.92m) Bedroom (3.20m x 3.52m)
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
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FAQ
About 11 Thorndike Court King Street, Gainsborough
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