2 Bed Semi-Detached House, Single Let, Gainsborough, DN21 2RS, £67,500

Salisbury Street, Gainsborough, DN21 2RS - 2 views - 2 years ago

Sold STC
BTL
ROI: 7%
~68 m²
+2 photos

ValuationUndervalued

Sold Prices£50K - £180K
Sold Prices/m²£667/m² - £3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£991/m²

Value Estimate

£70,656
BMV5%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£16,875

Stamp Duty & Legal Fees

£3,225

Total Cash In

£20,100

 

 

Cash Out

 

Rent Range

£495 - £875

Rent Estimate

£425

Running Costs/mo

£316

Cashflow/mo

£109

Cashflow/yr

£1,309

ROI

7%

Gross Yield

8%

Local Sold Prices

35 sold prices from £50K to £180K, average is £83K. £667/m² to £3K/m², average is £1K/m².

PriceDateDistanceAddressBeds 
£53K12/200 mi16, Salisbury Street, Gainsborough, Lincolnshire DN21 2RS2
£54K03/210 mi19, Salisbury Street, Gainsborough, Lincolnshire DN21 2RS2
£50K12/200 mi31, Salisbury Street, Gainsborough, Lincolnshire DN21 2RS2
£115K03/230 mi1, Salisbury Street, Gainsborough, Lincolnshire DN21 2RS2
£102K11/210.09 mi23, North Marsh Road, Gainsborough, Lincolnshire DN21 2RN2
£100K12/210.11 mi399, Ropery Road, Gainsborough, Lincolnshire DN21 2TR2
£120K11/200.13 mi5, Elizabeth Close, Gainsborough, Lincolnshire DN21 2TA2
£83K02/210.13 mi38, Melrose Road, Gainsborough, Lincolnshire DN21 2SD2
£70K05/210.16 mi13, Curzon Street, Gainsborough, Lincolnshire DN21 2PB2
£60K03/230.17 mi9, Albany Street, Gainsborough, Lincolnshire DN21 2PA2
£53K06/230.19 mi14, Burns Street, Gainsborough, Lincolnshire DN21 2PR2
£115K02/210.19 mi9, Queensfield, Gainsborough, Lincolnshire DN21 2TN2
£105K05/210.19 mi45, Queensfield, Gainsborough, Lincolnshire DN21 2TN2
£88K04/210.25 mi151, Ropery Road, Gainsborough, Lincolnshire DN21 2NX2
£70K11/200.32 mi5, George Street, Gainsborough, Lincolnshire DN21 2PU2
£110K04/230.37 mi6, Belvoir Close, Morton, Gainsborough, Lincolnshire DN21 3AB2
£105K01/230.38 mi55, Ropery Road, Gainsborough, Lincolnshire DN21 2NU2
£85K03/230.38 mi119, Ropery Road, Gainsborough, Lincolnshire DN21 2NU2
£67.5K07/210.42 mi46, Arkwright Street, Gainsborough, Lincolnshire DN21 2QJ2
£167.5K02/210.44 miThe Haven, Manor Road, Morton, Gainsborough, Lincolnshire DN21 3AW2
£76K05/230.53 mi17, Balfour Street, Gainsborough, Lincolnshire DN21 2LF2
£118K03/230.55 mi59, Juniper Way, Gainsborough, Lincolnshire DN21 1GW2
£68K11/200.6 mi40, Tower Street, Gainsborough, Lincolnshire DN21 2JQ2
£100K06/230.63 mi9a, Morley Street, Gainsborough, Lincolnshire DN21 2NF2
£58.5K08/210.65 mi21, Tennyson Street, Gainsborough, Lincolnshire DN21 2JG2
£66.8K02/210.65 mi22, Rectory Avenue, Gainsborough, Lincolnshire DN21 2JE2
£72K12/200.65 mi24, Rectory Avenue, Gainsborough, Lincolnshire DN21 2JE2
£72.5K05/230.65 mi8, Rectory Avenue, Gainsborough, Lincolnshire DN21 2JE2
£64K05/230.68 mi4, Jubilee Crescent, Gainsborough, Lincolnshire DN21 2HJ2
£106K06/210.71 mi86, Sunningdale Way, Gainsborough, Lincolnshire DN21 1JE2
£78.5K02/230.76 mi19, Spring Gardens, Gainsborough, Lincolnshire DN21 2AY2
£180K12/200.81 mi53, Marlow Road, Gainsborough, Lincolnshire DN21 1YG2
£74K06/210.89 mi15, Laurel Close, Gainsborough, Lincolnshire DN21 1FE2
£110K11/210.9 mi11, Laurel Close, Gainsborough, Lincolnshire DN21 1FE2
£134.5K05/230.97 mi33, Highfield Close, Gainsborough, Lincolnshire DN21 1RD2

Local Rents

12 rents from £495/mo to £875/mo, average is £625/mo.

RentDateDistanceAddressBeds 
£75006/230.04 mi-2
£65012/240.05 mi-2
£60012/240.05 mi-2
£57512/240.15 miRopery Road, Gainsborough2
£49512/240.18 miHenley Court, Gainsborough2
£65007/230.2 mi-2
£87503/250.23 mi-2
£65012/240.32 miRopery Road, Gainsborough2
£50010/230.52 mi-2
£55011/240.52 mi-2
£49512/240.58 miCarlisle Mews, Gainsborough2
£65012/240.6 miTower Street, Gainsborough2

Local Area Statistics

Population in DN21

36,969

Population in Gainsborough

37,066

Town centre distance

0.79 miles away

Nearest school

0.10 miles away

Nearest train station

0.90 miles away

 

 

Rental demand

Landlord's market

Sales demand

Balanced market

Capital growth (5yrs)

+20%

Property History

Listed for £67,500

April 6, 2023

Sold for £55,000

2005

Description

  • Buy To Let Investment Opportunity +
  • Ongoing Tenancy +
  • Achieving £425pcm +
  • Semi Detached House +
  • Two Bedrooms +
  • Lounge +
  • Dining Room +
  • Kitchen +
  • Bathroom +
  • Enclosed Rear Year +

A well maintained buy to let investment opportunity has arisen in the form of this 2 bedroom semi detached house located in an established area of Gainsborough. The property comes with the benefit of an ongoing tenancy of over 1 year achieving a figure of £425PCM. Accommodation briefly comprises of a living room, separate dining room, kitchen, 2 double bedrooms, study/dressing room and a family bathroom. The property comes equipped with gas central heating and upvc double glazing. Externally, an enclosed yard is offered with useful store.  

upvc double glazed door to the
 

LOUNGE 11' 11" x 11' 2" (3.63m x 3.4m) Upvc double glazed window to the front elevation. Radiator. 

DINING ROOM 12' 4" x 11' 11" (3.76m x 3.63m) With a concealed staircase to the 1st floor, radiator and upvc double glazed window to the rear elevation.  

KITCHEN 12' 1" x 6' 5" (3.68m x 1.96m) With units to the base and high level, rolled edge work surface an inset stainless steel single drainer sink unit with mixer tap. Upvc double glazed window and door to the side elevation. Plumbing for a washing machine, tiled flooring, radiator, wall mounted central heating boiler, cooker point.
 

LANDING Radiator 

BEDROOM ONE 12' 0" x 11' 3" (3.66m x 3.43m) With upvc double glazed window to the front elevation. Radiator. 

BEDROOM TWO 12' 4" x 8' 11" (3.76m x 2.72m) upvc double glazed window to the rear elevation. Radiator 

STUDY / DRESSING ROOM 6' 7" x 6' 5" (2.01m x 1.96m) With upvc double glazed window to the rear elevation. Radiator 

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

OUTSIDE A gate gives side access which in turn leads to the enclosed rear yard with store.

Agent Details

Martin & Co, Gainsborough

01427 800763

Next Steps?

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