3 Bed Terraced House, Potential PLO/LOA, Gainsborough, DN21 1LH, £62,000

53 Lea Road, Gainsborough, Lincolnshire, DN21 1LH - 31 views - 4 years ago

Sold STC
Negative Equity
ROI: 8%
76 m²
+3 photos

ValuationUndervalued

Sold Prices£37.5K - £200K
Sold Prices/m²£436/m² - £2.4K/m²

 

 

Square Metres

76.43 m²
Price/m²£811/m²

Value Estimate

£75,947
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£15,500

Stamp Duty & Legal Fees

£3,060

Total Cash In

£18,560

 

 

Cash Out

 

Rent Range

£575 - £945

Rent Estimate

£425

Running Costs/mo

£299

Cashflow/mo

£126

Cashflow/yr

£1,515

ROI

8%

Gross Yield

8%

Local Sold Prices

50 sold prices from £37.5K to £200K, average is £86K. £436/m² to £2.4K/m², average is £994/m².

PriceDateDistanceAddressBeds 
£58K02/210.06 mi15, Ashcroft Road, Gainsborough, Lincolnshire DN21 1LB3
£65K03/230.06 mi39, Ashcroft Road, Gainsborough, Lincolnshire DN21 1LB3
£95K02/230.11 mi9, Cromwell Street, Gainsborough, Lincolnshire DN21 1DH3
£70K11/210.11 mi5, Darwin Street, Gainsborough, Lincolnshire DN21 1DL3
£60K02/210.12 mi8, Cromwell Street, Gainsborough, Lincolnshire DN21 1DH3
£58K09/210.12 mi5, Cromwell Street, Gainsborough, Lincolnshire DN21 1DH3
£53K04/210.13 mi18, Gordon Street, Gainsborough, Lincolnshire DN21 1DJ3
£65K10/200.14 mi4, Bacon Street, Gainsborough, Lincolnshire DN21 1DQ3
£37.5K07/210.14 mi53, Gordon Street, Gainsborough, Lincolnshire DN21 1DW3
£78K09/210.14 mi107, Lea Road, Gainsborough, Lincolnshire DN21 1AB3
£65K07/210.14 mi101, Lea Road, Gainsborough, Lincolnshire DN21 1AB3
£83K09/210.14 mi163, Lea Road, Gainsborough, Lincolnshire DN21 1AB3
£135K07/230.18 mi2, King Street, Gainsborough, Lincolnshire DN21 1JS3
£39.5K07/210.18 mi8, Wellington Street, Gainsborough, Lincolnshire DN21 1BX3
£47.5K05/210.18 mi26, Wellington Street, Gainsborough, Lincolnshire DN21 1BX3
£73K01/210.18 mi49, Drake Street, Gainsborough, Lincolnshire DN21 1DF3
£53K03/230.19 mi16, Washington Street, Gainsborough, Lincolnshire DN21 1DR3
£70K03/230.2 mi108, Sandsfield Lane, Gainsborough, Lincolnshire DN21 1DD3
£112.5K05/230.2 mi178, Sandsfield Lane, Gainsborough, Lincolnshire DN21 1DD3
£80K12/200.22 mi38, Sandsfield Lane, Gainsborough, Lincolnshire DN21 1DA3
£117K08/210.22 mi133, Sandsfield Lane, Gainsborough, Lincolnshire DN21 1DB3
£118K12/200.22 mi135, Sandsfield Lane, Gainsborough, Lincolnshire DN21 1DB3
£100K12/220.22 mi135, Sandsfield Lane, Gainsborough, Lincolnshire DN21 1DB3
£127K01/230.23 mi5, St Andrews Court, Gainsborough, Lincolnshire DN21 1BD3
£60K07/230.23 mi47, Marlborough Street, Gainsborough, Lincolnshire DN21 1BT3
£60K03/230.24 mi1, Prospect Terrace, Gainsborough, Lincolnshire DN21 1BP3
£47K12/200.25 mi12, Wheeldon Street, Gainsborough, Lincolnshire DN21 1BS3
£43K02/210.29 mi29, Linden Terrace, Gainsborough, Lincolnshire DN21 1JQ3
£45K02/210.3 mi14, Britannia Terrace, Gainsborough, Lincolnshire DN21 1BL3
£165K01/210.41 mi53, Enderby Crescent, Gainsborough, Lincolnshire DN21 1XQ3
£158K12/200.42 mi25, Willoughby Chase, Gainsborough, Lincolnshire DN21 1GR3
£138K09/210.42 mi54, Willoughby Chase, Gainsborough, Lincolnshire DN21 1GR3
£160K02/230.42 mi18, Willoughby Chase, Gainsborough, Lincolnshire DN21 1GR3
£160K07/210.45 mi34, Ravendale Road, Gainsborough, Lincolnshire DN21 1XA3
£186K08/210.52 mi5, Rothwell Close, Gainsborough, Lincolnshire DN21 1XN3
£170K12/200.54 mi129, Middlefield Lane, Gainsborough, Lincolnshire DN21 1QR3
£158K10/200.56 mi6, Hainton Close, Gainsborough, Lincolnshire DN21 1UY3
£118K06/230.6 mi6, Saracen Close, Gainsborough, Lincolnshire DN21 1PQ3
£85K11/200.6 mi30, Riseholme Road, Gainsborough, Lincolnshire DN21 1NJ3
£75K06/210.6 mi11, Riseholme Road, Gainsborough, Lincolnshire DN21 1NJ3
£164K05/210.63 mi20, Middlefield Lane, Gainsborough, Lincolnshire DN21 1UU3
£155K12/210.65 mi33, The Pines, Gainsborough, Lincolnshire DN21 1PW3
£150K07/210.65 mi62, The Pines, Gainsborough, Lincolnshire DN21 1PW3
£97K12/200.67 mi17, Pingle Close, Gainsborough, Lincolnshire DN21 1XR3
£200K07/230.68 mi3, Middlefield Lane, Gainsborough, Lincolnshire DN21 1TY3
£167K08/210.68 mi23, Foxby Lane, Gainsborough, Lincolnshire DN21 1PP3
£80K08/210.69 mi10, Aegir Close, Gainsborough, Lincolnshire DN21 1YP3
£87K08/210.69 mi11, Aegir Close, Gainsborough, Lincolnshire DN21 1YP3
£170K06/230.7 mi1, Claythorne Drive, Gainsborough, Lincolnshire DN21 1TZ3
£142.5K03/230.72 mi5, Trafalgar Court, Gainsborough, Lincolnshire DN21 1BB3

Local Rents

18 rents from £575/mo to £945/mo, average is £688/mo.

RentDateDistanceAddressBeds 
£57512/240.1 miTrent Street, Gainsborough3
£65003/250.14 mi-3
£75011/240.15 mi-3
£65002/250.15 mi-3
£65001/250.16 mi-3
£75010/230.23 mi-3
£60011/240.26 mi-3
£62503/250.27 mi-3
£76003/250.68 mi-3
£94512/240.71 mi-3
£80012/240.78 miParish Mews, Gainsborough, DN213
£62512/240.95 miGlentham Road, Gainsborough3
£77501/251.05 mi-3
£72512/241.12 mi-3
£79503/251.16 mi-3
£62511/231.18 mi-3
£72502/251.18 mi-3
£65001/251.19 mi-3

Local Area Statistics

Population in DN21

36,969

Population in Gainsborough

37,066

Town centre distance

0.83 miles away

Nearest school

0.20 miles away

Nearest train station

0.43 miles away

 

 

Rental demand

Landlord's market

Sales demand

Balanced market

Capital growth (5yrs)

+20%

Property History

Listed for £62,000

-36%

July 20, 2021

Sold for £84,250

2008

Sold for £56,000

2007

Sold for £17,700

2001

Sold for £17,000

1996

Description

  • Traditional Mid Terrace +
  • Three Bedrooms +
  • Living Room +
  • Separate Dining Room +
  • Kitchen +
  • Family Bathroom +
  • Enclosed Rear Yard +
  • Achieving £425pcm Rental +
  • Gas Central Heating +
  • Viewing Recommeded +

Located on Lea Road, Gainsborough this 3 bed traditional terrace property is now offered for sale with the benefit of an ongoing tenancy in place of circa 12 years at £425 pcm and has had the benefit of a recently replaced roof giving assurance for future landlords. Accommodation briefly comprises of a living room, separate dining room, kitchen, family bathroom and 3 first floor bedrooms. The property comes equipped with gas central heating and upvc double glazed windows together with an enclosed yard to the rear.
 

Upvc double glazed door to the 

LIVING ROOM 14' 10" x 11' 11" (4.52m x 3.63m) With upvc double glazed bay window to the front elevation. Feature fire surround with fire. Laminate flooring.  

INNER HALLWAY Stairway to the 1st floor. Laminate flooring. 

DINING ROOM 11' 11" x 11' 10" (3.63m x 3.61m) Feature fireplace. Useful store cupboard, laminate flooring, upvc double glazed window to the rear elevation. Radiator. 

WALNUT FINISH KITCHEN 11' 8" x 6' 3" (3.56m x 1.91m) With a range of modern units to the base and high level. Rolled edge work surface and inset stainless steel single drainer sink unit with mixer tap. Stainless steel oven, 4 ring hob and extractor fan over. Plumbing for an automatic washing machine, space for a fridge freezer. Tiled flooring. Concealed central heating boiler.
 

INNER STORE ROOM  

FAMILY BATHROOM With a 3 piece suite comprising of a low level wc, pedestal wash hand and twin grip panel bath. Tiled splashbacks. Radiator and upvc double glazed window to the side elevation. 

LANDING  

BEDROOM ONE 12' 0" x 11' 11" (3.66m x 3.63m) Upvc double glazed window to the front elevation. Radiator. 

BEDROOM 2 12' 0" x 12' 0" (3.66m x 3.66m) Feature cast iron fire surround. Radiator and upvc double glazed window to the rear elevation. Through to bed 3. 

BEDROOM THREE 11' 3" x 6' 4" (3.43m x 1.93m) With a upvc double glazed window to the rear elevation. Radiator. 

OUTSIDE Enclosed rear yard with useful store room.

Agent Details

Martin & Co, Gainsborough

01427 800763

Next Steps?

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