2-bedroom flat · DN21 2UD
Listing removedReduced £5k (−6.2%) on 21 JunListed 449 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We offer to the market with no onward chain for ease of purchase a two bedroom traditionally built first floor flat located in a popular residential area to the north side of the market town of Gainsborough which is well served with amenities including Marshalls Yard retail complex, cafes and restaurants, leisure facilities and a number of well regarded schools.
Accommodation UPVC double glazed entrance door leading into: Entrance Hall Useful storage cupboard and stairs rising to first floor accommodation with quarter landing.
Doorway giving access into Entrance Hall with loft access and door giving further access into: Lounge (3.57m x 3.51m (11'8" x 11'6" )) UPVC double glazed window to the rear elevation, radiator and wall mounted gas fire, coving to ceiling.
Kitchen (2.71m x 2.72m (8'10" x 8'11" )) UPVC double glazed window to the rear elevation.
Fitted kitchen comprising base, drawer, wall and larder units with complementary work surfaces, inset stainless steel sink and drainer with mixer tap, tiled splashback, integrated electric oven and four ring electric hob with extractor over, provision for automatic washing machine, radiator and wall mounted gas fired central heating boiler.
Bedroom One (3.51m x 2.72m (11'6" x 8'11" )) UPVC double glazed window to the front elevation and radiator.
Bedroom Two (2.73m x 1.82m (8'11" x 5'11" )) UPVC double glazed window to the front elevation, radiator and useful storage cupboard.
Bathroom (1.72m x 1.69m (5'7" x 5'6" )) UPVC double glazed window to the side elevation, suite comprising w.c., pedestal wash hand basin and panel sided bath with tiled splashback and radiator.
Externally To the front is a parking area and to the rear is a section low maintenance garden area. Tenure - Leasehold 999 years from 1 January 1989 Service charges £64.08 per month.
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
Agent & docs
FAQ
About 40, Warren Close, Gainsborough
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