Modern Method of Auction
Auction date not yet published
We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom semi-detached house · DN21 1AL
For saleListed 7 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale by modern method of auction | three-bedroom semi-detached home | excellent potential | generous mature garden | off-street parking & detached garage | vacant possession Occupying a generous mature plot at the end of a small no-through road, this traditional three-bedroom semi-detached home offers well-proportioned accommodation and considerable scope for improvement.
Conveniently positioned for Gainsborough’s amenities and transport links, the property presents an appealing opportunity for investors and buyers looking to create a home to their own taste.
Requiring modernisation throughout, the property benefits from two reception rooms, a generous rear kitchen, off-street parking for two vehicles and a sizeable detached garage situated across the road.
Offered with vacant possession, the property is for sale by the Modern Method of Auction.
The accommodation briefly comprises, entrance hall leading to a welcoming front-facing lounge, featuring a bay window that draws natural light into the room.
A separate dining/sitting room provides a versatile second reception space, with ample room for family dining or relaxation.
Positioned to the rear, the spacious kitchen includes a useful built-in pantry cupboard and access to a lean-to porch. Upstairs, three well-proportioned bedrooms are served by a family bathroom.
The generous room sizes and flexible accommodation provide an excellent starting point for buyers wishing to modernise and personalise their next home.
The generous mature rear garden offers plenty of space for outdoor seating, gardening and family activities.
A collection of useful outbuildings includes an adjoining brick-built store with a slate-tiled roof, a timber summerhouse, an aviary and an aluminium-framed greenhouse.
Secure gated side access leads to the front driveway, providing off-street parking for two vehicles.
The sizeable detached garage is located across the road and offers valuable additional storage or workshop space.
Location Situated on Lea Road West in Gainsborough, the property is within easy reach of a range of shops, supermarkets, schools, leisure facilities and restaurants.
Local road and rail connections provide access to surrounding towns and cities, adding to the appeal of this conveniently positioned home.
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 buyer will pay £349 (including VAT) for this pack, which must be viewed before bidding.
The buyer is required to sign a Reservation Agreement and make payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This fee is paid in addition to the purchase price and is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer, for which they may receive payment from the service provider if taken. Payment varies but will be no more than £450.00.
These services are optional.
Living Room (3.30m x 3.44m) Dining Room (3.50m x 4.53m) Kitchen (3.75m x 3.00m) Rear Porch (1.4m x 1.0m) Pantry (1.45m x 0.80m) Bedroom 1 (3.51m x 3.60m) Bedroom 2 (3.44m x 3.30m) Bedroom 3 (3.0m x 2.3m) Bathroom (1.35m x 2.10m)
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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
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
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FAQ
About 16 Lea Road West, Gainsborough
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