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See how verdicts work2-bedroom flat · DN21 1LP
For saleReduced £5k (−7.1%) on 2 OctListed 85 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Martin&co are delighted to bring to the market this fantastic investment opportunity!
This two-bedroom apartment is offered for sale with a tenant in situ, enjoying a popular town centre location close to amenities and transport links.
Benefitting from residents' parking, it's an ideal addition to any buy-to-let portfolio.
Martin & Co are delighted to present this well-presented two-bedroom apartment, situated within the popular Furleys Wharf development and offered to the market with a tenant currently in situ, producing an immediate rental income of £650 pcm (£7,800 per annum), making it an ideal addition to any buy-to-let portfolio.
Conveniently located within walking distance of Gainsborough town centre, the property enjoys easy access to a wide range of local amenities, including shops, supermarkets, schools, healthcare facilities and transport links.
The picturesque River Trent is also just moments away, offering pleasant riverside walks and open green spaces to enjoy.
The accommodation briefly comprises an entrance hall, a spacious lounge/dining area, a fitted kitchen, two well-proportioned bedrooms and a modern family bathroom.
Externally, the development benefits from residents' off-road parking, providing added convenience.
Lease information (provided by the vendor) includes approximately 102 years remaining, with a service charge of approximately £1,683.65 per annum and a ground rent of £245 per annum.
Interested parties are advised to ask their legal representative to verify these figures during the conveyancing process.
Whether you're an experienced landlord or looking to expand your investment portfolio, this is an excellent opportunity to acquire a well-located apartment with an established tenant and an immediate rental return.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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 advisers 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 9, Furleys Wharf, Lincolnshire, Uk
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