3 Bed Terraced House, Potential PLO/LOA, Gainsborough, DN21 1DD, £80,000

134 Sandsfield Lane, Gainsborough, Lincolnshire, DN21 1DD - 6 views - 5 months ago

Sold STC
Negative Equity
ROI: 3%
115 m²
+9 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£20,000

Stamp Duty & Legal Fees

£3,750

Total Cash In

£23,750

 

 

Cash Out

 

Rent Range

£575 - £945

Rent Estimate

£425

Running Costs/mo

£355

Cashflow/mo

£70

Cashflow/yr

£840

ROI

4%

Gross Yield

6%













Local Rents

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

RentDateDistanceAddressBeds 
£75011/240.05 mi-3
£65001/250.06 mi-3
£65002/250.07 mi-3
£65003/250.09 mi-3
£75010/230.11 mi-3
£57512/240.22 miTrent Street, Gainsborough3
£60011/240.29 mi-3
£62503/250.35 mi-3
£76003/250.71 mi-3
£62512/240.76 miGlentham Road, Gainsborough3
£94512/240.77 mi-3
£80012/240.83 miParish Mews, Gainsborough, DN213
£77501/251.06 mi-3
£72512/241.22 mi-3

Local Area Statistics

Population in DN21

36,969

Population in Gainsborough

37,066

Town centre distance

0.81 miles away

Nearest school

0.10 miles away

Nearest train station

0.34 miles away

 

 

Rental demand

Landlord's market

Sales demand

Balanced market

Capital growth (5yrs)

+20%

Property History

Price changed to £80,000

November 27, 2024

Listed for £85,000

-6%

October 10, 2024

Sold for £90,000

2007

Sold for £25,000

2002

Floor Plans

Description

  • INVESTMENT - For Sale with Tenant in Situ +
  • Current Rent £504 pcm +
  • No Onward Chain +
  • Traditional Semi-Detached House +
  • Three Bedrooms +
  • Two Reception Rooms +
  • Kitchen & Utility +
  • Large Family Bathroom +
  • Front & Rear Gardens +

* ARE YOU LOOKING FOR AN INVESTMENT OPPORTUNITY??*

Welcome to Sandsfield Lane, located in the vibrant market town of Gainsborough. This property is an ideal investment opportunity, available for sale with no onward chain and a tenant in situ.

Currently generating a rental income of £504 per calendar month, this home offers a hassle-free investment for landlords looking to expand their portfolio.

Positioned within easy reach of a variety of local amenities, including the popular Marshalls Yard Shopping Complex, a range of shops, cafes, and supermarkets, this neighbourhood is highly convenient. The nearby John Coupland Hospital adds to the appeal for tenants, while families will appreciate the close proximity to both primary and secondary schools, including the prestigious Queen Elizabeth Grammar School. For commuters, excellent transport links connect Gainsborough to surrounding towns such as Scunthorpe, Lincoln, and Retford.

Step inside and be greeted by the entrance hallway, with stairs leading to the first-floor accommodation. The ground floor offers two spacious reception rooms; the front-facing dining room boasts a charming bay window, while the second reception room to the rear features an open archway into the kitchen. The kitchen is well-equipped with ample units, generous worktop space, a fitted oven, and a hob, and French doors leading out to the rear garden. Additionally, a utility area provides extra space for white goods, making the home practical and functional.

On the first floor, you’ll find two well-sized bedrooms and a large family bathroom, complete with a bath, wash hand basin, WC, and a separate shower cubicle. The second floor offers a third bedroom, featuring a skylight window, making it a bright and welcoming space.

Outside, the front of the property features a low-maintenance garden with a dwarf wall, while the rear garden is fully enclosed and mainly laid to lawn, providing a private outdoor space for tenants to enjoy.

This property is a perfect buy for investors looking for a ready-made rental opportunity in a thriving town.

Agent Details

DDM Residential, Gainsborough

01427 800757

Next Steps?

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