3-bedroom terraced house · DN21 1HX
Sold STCListed 113 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We offer to the market a three bedroom mid terrace house sold with TENANT IN SITU and currently achieving £415 pcm, located centrally within the market town of Gainsborough which is well served with amenities including Marshall yard retail complex, schools, cafes, restaurants and the riverside.
Accommodation briefly comprising Lounge, Dining Room, Kitchen, three Bedrooms and Bathroom.
Accommodation - uPVC double glazed entrance door leading into: Lounge - 3.83m x 3.42m (12'6" x 11'2" ) - uPVC double glazed window to the frotn elevation, radiator, tiled fireplace and hearth with open fire, door leading into: Inner Hallway - With stairs rising to the first floor accommodation and further door opening into: Dining Room - 3.82m x 3.45m (12'6" x 11'3" ) - uPVC double glazed window to the rear elevation, radiator, brick built fireplace.
Door leading into: Kitchen - 2.96m x 2.09m (9'8" x 6'10" ) - Wooden part glazed entrance door to the side elevation, two uPVC double glazed windows to the side elevation, fitted kitchen comprising base and wall units with complementary work surfaces, tiled splashback, inset stainless steel sink and drainer with mixer tap over, space for cooker, fridge freezer and provision for automatic washing machine.
First Floor Landing - Doors giving access to: Bedroom One - 3.82m x 3.43m (12'6" x 11'3" ) - uPVC double glazed window to the front elevation, radiator and door into storage cupboard.
Bedroom Two - 3.68m x 3.45m (12'0" x 11'3" ) - uPVC double glazed window to the rear elevation, radiator, loft access and doorway into: Bedroom Three - 2.94m x 2.29m (9'7" x 7'6" ) - uPVC double glazed window to the rear elevation, radiator and wall mounted gas fired central heating boiler.
Bathroom - 4.28m x 1.53m to its maximum dimensions (14'0" x - Suite comprising w.c, pedestal wash hand basin and bath with tiled splashback, radiator, uPVC double glazed window to the rear elevation.
Externally - To the front is a low maintenance buffer garden with pathway leading to the front entrance door and to the rear an enclosed low maintenance yard.
Tenure - Freehold - Council Tax - Through enquiry of the West Lindsey District Council we have been advised that the property is in Rating Band 'A' Estate agents operating in the UK are required to conduct Anti-Money Laundering (AML) checks in compliance with the regulations set forth by HM Revenue and Customs (HMRC) for all property transactions.
It is mandatory for both buyers and sellers to successfully complete these checks before any property transaction can proceed.
Our estate agency uses Coadjute’s Assured Compliance service to facilitate the AML checks. A fee will be charged for each individual AML check conducted
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 Pillard House Lane, Gainsborough
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