2 Bed Terraced House, Single Let, Gainsborough, DN21 5XP, £110,000

Anderson Road, Hemswell Cliff, DN21 5XP - 1 views - a year ago

BTL
ROI: 3%
~79 m²
+12 photos

ValuationOvervalued

Sold Prices£55K - £185K
Sold Prices/m²£765/m² - £2.6K/m²

 

 

Square Metres

~78.60 m²
Price/m²£1.4K/m²

Value Estimate

£82,832

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£6,700

Total Cash In

£34,200

 

 

Cash Out

 

Rent Range

£550 - £1,100

Rent Estimate

£550

Running Costs/mo

£474

Cashflow/mo

£76

Cashflow/yr

£915

ROI

3%

Gross Yield

6%

Local Sold Prices

9 sold prices from £55K to £185K, average is £69K. £765/m² to £2.6K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£55K06/230.03 mi30, Capper Avenue, Hemswell Cliff, Gainsborough, Lincolnshire DN21 5XS2
£68.5K02/230.05 mi10a, Anderson Road, Hemswell Cliff, Gainsborough, Lincolnshire DN21 5XP2
£68K05/210.05 mi22a, Anderson Road, Hemswell Cliff, Gainsborough, Lincolnshire DN21 5XP2
£140K02/211.34 mi6, Hawthorne Close, Glentworth, Gainsborough, Lincolnshire DN21 5ED2
£185K12/201.52 mi4, Brook Street, Hemswell, Gainsborough, Lincolnshire DN21 5UJ2
£165K03/232.6 mi14, Rectory Lea, Fillingham, Gainsborough, Lincolnshire DN21 5GE2
£62K11/202.62 mi11, Vicarage Road, Willoughton, Gainsborough, Lincolnshire DN21 5SA2
£69K06/212.62 mi13, Vicarage Road, Willoughton, Gainsborough, Lincolnshire DN21 5SA2
£110K11/202.66 mi2, Ridge View, Fillingham, Gainsborough, Lincolnshire DN21 5EB2

Local Rents

8 rents from £550/mo to £1.1K/mo, average is £845/mo.

RentDateDistanceAddressBeds 
£55012/240.06 miMinden Place, Hemswell Cliff, Gainsborough2
£55002/250.17 mi-3
£56012/240.2 mi-3
£79512/240.2 mi-3
£1,10012/240.22 miWellington Way, Hemswell Cliff, DN21 3
£1,00012/240.22 miWellington Way, DN213
£89512/240.24 miWellington Way, Hemswell Cliff3
£93505/241.51 miDanby Bungalow, LN8 2AP3

Local Area Statistics

Population in DN21

36,969

Population in Gainsborough

37,066

Town centre distance

8.14 miles away

Nearest school

0.10 miles away

Nearest train station

6.14 miles away

 

 

Rental demand

Landlord's market

Sales demand

Balanced market

Capital growth (5yrs)

+20%

Property History

Price changed to £110,000

February 8, 2025

Listed for £120,000

March 30, 2024

Floor Plans

Description

  • 2 double bedrooms +
  • Modern fitted breakfast kitchen +
  • Lounge +
  • Conservatory +
  • Ground floor wc +
  • Entrance porch with cupboards, and space for tumble dryer +
  • Modern bathroom +
  • Side and rear gardens +
  • Driveway and 2 separate parking spaces +
  • Solar panels +

FIRST TIME BUYERS - PAY ATTENTION! This superb 2 bedroom end terrace, boasting modern fitted kitchen and bathrooms, 2 double bedrooms, lounge, conservatory, ground floor wc, driveway parking, 2 further parking spaces and rear and side gardens must be viewed!
The vendor of this home has made wonderful improvements since owning. A large entrance porch provides cupboard and work top space as well as space for a tumble dryer. The lounge includes an electric wall mounted fire and double doors opening into the spacious conservatory which includes power and heating.  A modern fitted breakfast kitchen includes a range of matching cupboards and drawers, 1 1/2 sink and drainer, double oven, gas hob, spaces for fridge/freezer and washing machine as well as a breakfast bar. A pantry, benefitting from power, provides further storage. A ground floor cloak room with wc and sink complete the ground floor accommodation. The first floor boasts 2 double bedrooms - bedroom 1 complete with built in wardrobe. The modern fitted bathroom includes a bath with mains fed shower over, sink, wc and heated towel rail. A loft hatch, located on the landing, has a drop down ladder with the loft having partial boarding. To the rear of the property, there is an enclosed garden with patio, lawn and decking whilst to the side of the property there is further enclosed garden space and a brick built storage shed. The property comes complete with its own drive and 2 separate parking spaces. Visit Yopa.co.uk to arrange your viewing today.  EPC: C

Council Tax Band: A Gas ch Mains water Solar panels Annual service charge currently charged at £385 per annum which can be paid in installments Disclaimer Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate. Money Laundering Regulations Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £70 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.

Agent Details

Yopa, East Midlands & Yorkshire

024 7542 9233

Next Steps?

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