2 Bed Semi-Detached House, Single Let, Gainsborough, DN21 2RS, £95,000

Salisbury Street, Gainsborough, DN21 2RS - 2 views - 8 months ago

BTL
ROI: 3%
~68 m²
+13 photos

ValuationOvervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£1.4K/m²

Value Estimate

£70,656

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£23,750

Stamp Duty & Legal Fees

£5,950

Total Cash In

£29,700

 

 

Cash Out

 

Rent Range

£495 - £875

Rent Estimate

£497

Running Costs/mo

£416

Cashflow/mo

£81

Cashflow/yr

£969

ROI

3%

Gross Yield

6%

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
£66.8K02/210.66 mi22, Rectory Avenue, Gainsborough, Lincolnshire DN21 2JE2
£72K12/200.66 mi24, Rectory Avenue, Gainsborough, Lincolnshire DN21 2JE2
£72.5K05/230.66 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
£87503/250.24 mi-2
£65012/240.33 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 £95,000

August 7, 2024

Floor Plans

Description

  • Two Bedroom Semi Detached House +
  • Great Location In Gainsborough +
  • Two Large Reception Rooms +
  • Both Bedrooms Spacious +
  • All Furniture Can Be Left As Part Of The Sale +
  • Secure Back Yard With Gates +
  • CCTV And Solar Panels +
  • No Chain Move Straight In All Complete +
  • Book Your Viewing Today +
  • Modern Kitchen +

The Property
We bring to you this fabulous two bedroom house based in Gainsborough with good road and rail links to all major towns and villages.
Close to many local amenities and lovely shopping centers, countryside walks and exceptional schools.
The property can be bought with all furniture and white goods included. Would be perfect for an investment rental.
We enter to a lounge with feature fireplace and relaxing areas to watch television. The second reception room is currently a dining room, but would accommodate a home office or children's play room. Leading to a galley kitchen in modern whites and black.
Family bathroom with bath and shower areas. Upstairs we have two large bedrooms with furniture bright and welcoming.
Outside is a very secure yard with outhouse all have a locked gate entrance and a fantastic long storage alleyway for bins and other everyday items.
Great additional outside space where you could run a business from and store any items.
The property has a comprehensive CCTV system which can be demonstrated by the owners on viewings. They will also explain the benefits of solar panels and the rebates to be gained. No onward chain you can move in straight away when completed. Book your viewing today by phone or online.
We wont see this lovely property on the market long in this sought after area.

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Doncaster

020 3840 3729

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪