2 Bed Terraced House, Potential PLO/LOA, Gainsborough, DN21 1JQ, £70,000

37 Linden Terrace, Gainsborough, Lincolnshire, DN21 1JQ - 10 views - 2 years ago

Negative Equity
ROI: 7%
68 m²
+3 photos

ValuationOvervalued

Sold Prices£30.5K - £195K
Sold Prices/m²£384/m² - £2.6K/m²

 

 

Square Metres

68 m²
Price/m²£1K/m²

Value Estimate

£56,016

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£17,500

Stamp Duty & Legal Fees

£3,300

Total Cash In

£20,800

 

 

Cash Out

 

Rent Range

£450 - £825

Rent Estimate

£450

Running Costs/mo

£329

Cashflow/mo

£121

Cashflow/yr

£1,455

ROI

7%

Gross Yield

8%

Local Sold Prices

50 sold prices from £30.5K to £195K, average is £67.1K. £384/m² to £2.6K/m², average is £824/m².

PriceDateDistanceAddressBeds 
£45K04/210 mi34, Linden Terrace, Gainsborough, Lincolnshire DN21 1JQ2
£45K04/230 mi9, Linden Terrace, Gainsborough, Lincolnshire DN21 1JQ2
£83K03/230.05 mi44, Pillard House Lane, Gainsborough, Lincolnshire DN21 1HX2
£59K08/210.11 mi19, Florence Terrace, Gainsborough, Lincolnshire DN21 1BE2
£38K11/200.12 mi7, Wheeldon Street, Gainsborough, Lincolnshire DN21 1BS2
£53K03/230.12 mi61, Sandsfield Lane, Gainsborough, Lincolnshire DN21 1BQ2
£30.5K03/210.13 mi26, Dickenson Terrace, Gainsborough, Lincolnshire DN21 1BZ2
£48K03/210.13 mi15, Dickenson Terrace, Gainsborough, Lincolnshire DN21 1BZ2
£53.5K01/210.13 mi6, Lewis Street, Gainsborough, Lincolnshire DN21 2AB2
£72.5K08/210.18 mi31, St Johns Terrace, Gainsborough, Lincolnshire DN21 1BY2
£61K05/210.18 mi35, St Johns Terrace, Gainsborough, Lincolnshire DN21 1BY2
£60K03/230.19 mi1, Trent Street, Gainsborough, Lincolnshire DN21 1JZ2
£58.4K04/210.22 mi66, Waterworks Street, Gainsborough, Lincolnshire DN21 1LA2
£61K06/210.22 mi1, Waterworks Street, Gainsborough, Lincolnshire DN21 1LA2
£50K05/210.22 mi14, Waterworks Street, Gainsborough, Lincolnshire DN21 1LA2
£32K10/200.22 mi6, Waterworks Street, Gainsborough, Lincolnshire DN21 1LA2
£69K12/220.23 mi34, Burton Street, Gainsborough, Lincolnshire DN21 1DX2
£69K10/210.23 mi43, Lea Road, Gainsborough, Lincolnshire DN21 1LL2
£61K12/200.29 mi57, Ashcroft Road, Gainsborough, Lincolnshire DN21 1LB2
£65K02/230.29 mi25, Gordon Street, Gainsborough, Lincolnshire DN21 1DW2
£60K02/210.29 mi26, Ashcroft Road, Gainsborough, Lincolnshire DN21 1LD2
£72K02/230.29 mi6, Ruskin Street, Gainsborough, Lincolnshire DN21 1DN2
£37.5K01/230.3 mi64, Stanley Street, Gainsborough, Lincolnshire DN21 1DS2
£40K03/210.31 mi85, Stanley Street, Gainsborough, Lincolnshire DN21 1DT2
£85K04/230.36 mi174, Sandsfield Lane, Gainsborough, Lincolnshire DN21 1DD2
£59K10/200.37 mi9, Bacon Street, Gainsborough, Lincolnshire DN21 1DQ2
£78.5K02/230.39 mi19, Spring Gardens, Gainsborough, Lincolnshire DN21 2AY2
£64K03/210.4 mi53, Drake Street, Gainsborough, Lincolnshire DN21 1DF2
£63.5K04/210.44 mi1, Shakespeare Street, Gainsborough, Lincolnshire DN21 1DE2
£113K10/200.44 mi15, Pingle Close, Gainsborough, Lincolnshire DN21 1XR2
£125K07/230.44 mi12, Pingle Close, Gainsborough, Lincolnshire DN21 1XR2
£100K04/210.44 mi28, Pingle Close, Gainsborough, Lincolnshire DN21 1XR2
£100K06/230.47 mi9a, Morley Street, Gainsborough, Lincolnshire DN21 2NF2
£58.5K08/210.48 mi21, Tennyson Street, Gainsborough, Lincolnshire DN21 2JG2
£66.8K02/210.51 mi22, Rectory Avenue, Gainsborough, Lincolnshire DN21 2JE2
£72K12/200.51 mi24, Rectory Avenue, Gainsborough, Lincolnshire DN21 2JE2
£72.5K05/230.51 mi8, Rectory Avenue, Gainsborough, Lincolnshire DN21 2JE2
£68K11/200.52 mi40, Tower Street, Gainsborough, Lincolnshire DN21 2JQ2
£120K05/230.52 mi19, Hickman Court, Gainsborough, Lincolnshire DN21 1NZ2
£64K05/230.52 mi4, Jubilee Crescent, Gainsborough, Lincolnshire DN21 2HJ2
£76K05/230.56 mi17, Balfour Street, Gainsborough, Lincolnshire DN21 2LF2
£195K12/220.67 mi13, Claremont Road, Gainsborough, Lincolnshire DN21 1QW2
£118K03/230.68 mi59, Juniper Way, Gainsborough, Lincolnshire DN21 1GW2
£67.5K07/210.7 mi46, Arkwright Street, Gainsborough, Lincolnshire DN21 2QJ2
£127.5K02/230.73 mi1, Heapham Crescent, Gainsborough, Lincolnshire DN21 1TB2
£85K03/230.75 mi119, Ropery Road, Gainsborough, Lincolnshire DN21 2NU2
£105K01/230.75 mi55, Ropery Road, Gainsborough, Lincolnshire DN21 2NU2
£112K06/230.76 mi3, Meldrum Drive, Gainsborough, Lincolnshire DN21 1GS2
£134.5K05/230.77 mi33, Highfield Close, Gainsborough, Lincolnshire DN21 1RD2
£74K02/210.78 mi47, Foxby Lane, Gainsborough, Lincolnshire DN21 1PP2

Local Rents

19 rents from £450/mo to £825/mo, average is £540/mo.

RentDateDistanceAddressBeds 
£45012/240 miLinden Terrace, Gainsborough2
£54012/240.01 mi-2
£59511/240.03 mi-2
£49512/240.04 mi-2
£57512/240.11 miFurleys Wharf, Gainsborough2
£70011/240.14 mi-2
£54012/240.14 miLewis Street, Gainsborough2
£49510/240.21 mi-2
£55012/240.22 miBridge Street, Gainsborough, DN212
£60012/240.23 miGranary Wharf, Gainsborough2
£59502/250.24 mi-2
£49512/240.38 miMarshalls Court, Gainsborough2
£82510/230.42 mi-2
£50012/240.43 miLea Place2
£52512/240.48 miTennyson Street, Gainsborough2
£65012/240.52 miTower Street, Gainsborough2
£49512/240.54 miCarlisle Mews, Gainsborough2
£55011/240.58 mi-2
£50010/230.58 mi-2

Local Area Statistics

Population in DN21

36,969

Population in Gainsborough

37,066

Town centre distance

0.55 miles away

Nearest school

0.40 miles away

Nearest train station

0.36 miles away

 

 

Rental demand

Landlord's market

Sales demand

Balanced market

Capital growth (5yrs)

+20%

Property History

Listed for £70,000

-7%

August 14, 2023

Sold for £75,000

2008

Sold for £40,000

2007

Floor Plans

Description

  • TWO BEDROOM PLUS ATTIC +
  • TENANT IN SITU +
  • TERRACE PROPERTY +
  • YIELD OF 7.7% +
  • CURRENT RENT £450PCM +
  • IDEAL INVESTMENT PROPERTY +
  • COUNCIL TAX BAND A +

*PHOTOS PRIOR TO CURRENT TENANCY* TWO BEDROOM PLUS ATTIC ROOM TERRACE PROPERTY  / TOWN CENTRE LOCATION / KITCHEN  / DOWNSTAIRS BATHROOM /  YARD REAR GARDEN / TENANT IN SITU  /  INVESTMENT OPPORTUNITY  /  YIELD OF 7.7%  /   EPC rating: D. Tenure: Freehold,

Agent Details

Lovelle Estate Agency, Gainsborough

01427 800738

Next Steps?

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