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See how verdicts work1-bedroom flat · DN21 2DD
For saleListed 2 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
FOR SALE BY ONLINE AUCTION - Lot 12 - FIRST FLOOR INVESTMENT OPPORTUNITY WITH CONVERSION POTENTIAL (subject to any necessary consents) ONLINE AUCTION from 10th - 12th November A substantial first floor property situated within Pottergate House, occupying a central position on Lord Street in Gainsborough town centre.
The accommodation comprises several individual rooms, including former kitchen facilities and a WC.
The property offers scope for refurbishment and potential conversion into residential accommodation or alternative uses, subject to the necessary planning permissions, building regulations and other consents.
Access is available from the main shopping thoroughfare and via a private gated courtyard, providing an opportunity for investors and developers to explore the property's future potential.
The property is located in the heart of Gainsborough, a traditional Lincolnshire market town with a range of shops, services and local businesses.
Nearby amenities include the town's shopping facilities, Marshall's Yard retail and leisure destination, and the Savoy Cinema complex.
Gainsborough is well positioned for access to Scunthorpe, Retford and Doncaster, with Lincoln also accessible by road. Local railway stations provide connections to surrounding towns and cities.
The site requires a full refurbishment due to fire damage, presenting an opportunity for redevelopment in a prime location.
First Floor: Multiple rooms, Former kitchen area, WC Access via the main shopping thoroughfare and private gated courtyard Tenure: Advised Leasehold - to be verified by solicitor Tenancies: To be sold with vacant possession
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
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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
Agent & docs
FAQ
About The Burgh Apartment (First floor Flat), 43 Lord Street, Gainsborough, Lincolnshire, DN21 2DD
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