6 Bed Detached House, Refurb/BRRR, Gainsborough, DN21 4JS, £1,500,000

Cleatham, Gainsborough, Lincolnshire, DN21 4JS - 5 months ago

Refurb/BRRR
Planning
~186 m²
+19 photos

ValuationOvervalued

Sold Prices£195K - £635K
Sold Prices/m²£1.3K/m² - £3.5K/m²

 

 

Square Metres

~186 m²
Price/m²£8.1K/m²

Value Estimate

£378,889

 

 

End Value (After Refurb)

£368,601

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£375,000

Stamp Duty & Legal Fees

£182,450

Refurb Costs

£75,371

Bridging Loan Interest

£39,375

Total Cash In

£673,946

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£368,601

Mortgage (After Refinance)

£276,451

Mortgage LTV

75%

Cash Left In

£673,946

Equity

£92,150

Rent Range

£525 - £1,100

Rent Estimate

£771

Running Costs/mo

£1,326

Cashflow/mo

£-555

Cashflow/yr

£-6,661

Gross Yield

1%

Local Sold Prices

33 sold prices from £195K to £635K, average is £300K. £1.3K/m² to £3.5K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£195K05/211.64 mi9, North Cliff Road, Kirton Lindsey, Gainsborough, North Lincolnshire DN21 4NJ4
£325K12/221.64 mi10, Windmill Way, Kirton Lindsey, Gainsborough, North Lincolnshire DN21 4FE4
£220K05/211.65 mi50, Windmill Way, Kirton Lindsey, Gainsborough, North Lincolnshire DN21 4FE4
£205K02/211.65 mi44, Windmill Way, Kirton Lindsey, Gainsborough, North Lincolnshire DN21 4FE4
£255K02/211.67 mi43, Richdale Avenue, Kirton Lindsey, Gainsborough, North Lincolnshire DN21 4BL4
£220K05/211.81 mi6, Torksey Street, Kirton Lindsey, Gainsborough, North Lincolnshire DN21 4DA4
£395K02/211.95 mi4, Queen Street, Kirton Lindsey, Gainsborough, North Lincolnshire DN21 4NS4
£467K04/232.05 mi8, Kirton Road, Greetwell, Brigg, North Lincolnshire DN20 9PX4
£325K05/212.16 mi33, Cornwall Street, Kirton Lindsey, Gainsborough, North Lincolnshire DN21 4EH4
£360K01/232.32 mi142, Brigg Road, Messingham, Scunthorpe, North Lincolnshire DN17 3RB4
£338K11/202.66 miMill Place, Mill Road, Hibaldstow, Brigg, North Lincolnshire DN20 9NL4
£410K07/232.68 mi100, Redbourne Road, Hibaldstow, Brigg, North Lincolnshire DN20 9NP4
£305K07/232.71 mi36, Dar Beck Road, Scotter, Gainsborough, Lincolnshire DN21 3SX4
£300K07/212.77 mi18a, Station Road, Hibaldstow, Brigg, North Lincolnshire DN20 9EB4
£635K11/222.78 mi5, Elizabeth Close, Scotter, Gainsborough, Lincolnshire DN21 3TA4
£310K06/212.81 mi7, Ford Lane, Hibaldstow, Brigg, North Lincolnshire DN20 9DR4
£279K02/212.82 mi20, Gravel Pit Road, Scotter, Gainsborough, Lincolnshire DN21 3SP4
£215K02/212.83 mi1, Cordeaux Close, Scotter, Gainsborough, Lincolnshire DN21 3HB4
£275K09/212.84 mi3, Kealholme Road, Messingham, Scunthorpe, North Lincolnshire DN17 3TG4
£315K05/212.86 mi14, Lindholme, Scotter, Gainsborough, Lincolnshire DN21 3UR4
£206K09/212.86 mi16, Johnson Drive, Scotter, Gainsborough, Lincolnshire DN21 3HA4
£245K01/232.87 mi6, Aysgarth Avenue, Messingham, Scunthorpe, North Lincolnshire DN17 3TQ4
£235K11/202.88 mi8, Sargents Way, Hibaldstow, Brigg, North Lincolnshire DN20 9FD4
£275K03/212.88 mi3, Bells Drive, Hibaldstow, Brigg, North Lincolnshire DN20 9FG4
£312.5K06/232.92 mi18, Gelder Beck Road, Messingham, Scunthorpe, North Lincolnshire DN17 3UJ4
£340K11/222.95 miHolly Lodge, East Street, Hibaldstow, Brigg, North Lincolnshire DN20 9EG4
£320K10/232.96 mi74, Kealholme Road, Messingham, Scunthorpe, North Lincolnshire DN17 3SX4
£294K04/232.97 mi15, Trentholme Drive, Messingham, Scunthorpe, North Lincolnshire DN17 3UL4
£360K05/232.98 mi11, St James's Road, Scawby, Brigg, North Lincolnshire DN20 9BD4
£247K12/202.98 mi31, St James's Road, Scawby, Brigg, North Lincolnshire DN20 9BD4
£270K11/202.98 mi33, St James's Road, Scawby, Brigg, North Lincolnshire DN20 9BD4
£261.5K04/212.99 mi36, Hopfield, Hibaldstow, Brigg, North Lincolnshire DN20 9PN4
£333K06/213 mi77, Kealholme Road, Messingham, Scunthorpe, North Lincolnshire DN17 3TA4

Local Rents

7 rents from £525/mo to £1.1K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£85012/241.71 mi-3
£95012/241.73 mi-3
£67512/241.78 miFusilier Way, Kirton Lindsey, Lincolnshire, DN213
£62512/241.84 miWest View Terrace, Kirton Lindsey, Lincolnshire, DN212
£52512/241.84 miWest View Terrace, DN212
£75012/241.89 mi-2
£1,10012/242.14 mi-3

Local Area Statistics

Population in DN21

36,969

Population in Gainsborough

37,066

Town centre distance

10.03 miles away

Nearest school

1.90 miles away

Nearest train station

1.26 miles away

 

 

Rental demand

Landlord's market

Sales demand

Balanced market

Capital growth (5yrs)

+20%

Property History

Price changed to £1,500,000

March 28, 2025

Listed for £1,800,000

November 19, 2024

Floor Plans

Description

Cleatham Hall stands proudly amidst approximately 9 acres of North Lincolnshire’s serene countryside. This imposing country house, originally a plain Georgian box, was transformed in 1855 into the elegant Palladian style. Currently operating as a boutique hotel, Cleatham Hall offers a unique opportunity to continue as a hospitality venue or be converted back into a grand family home, subject to planning permission. Its location provides easy access to the charming villages of Scotter and Messingham, with excellent transport links via the A15 and M180.

The ground floor of Cleatham Hall features a welcoming reception hall, a cozy sitting room, a bar, and a dining room. The winter kitchen and commercial kitchen cater to all culinary needs, whilst the cellar and cloakrooms add to the convenience. The orangery was added by the current owners as part of their complete renovation of the property, and offers a bright and airy space to relax. The first floor continues to impress with a master bedroom that includes an ensuite, along with five additional bedrooms, each boasting ensuite facilities.

Externally, Cleatham Hall is equally impressive. The property includes a toilet block and storage housing the boilers, with links to the North Wing. The North Wing itself comprises three bedrooms, all with ensuite facilities, and a generous reception room, providing ample space for guests or family members. The estate also features a double garage and separate laundry facilities, ensuring practicality alongside luxury.

The grounds of Cleatham Hall are a true highlight, with a sweeping drive leading to the main residence. Landscaped lawn gardens surround three sides of the house, with the most stunning lawn extending from the main entrance, framed by mature trees and offering breathtaking views over the surrounding farmland. The gardens are further defined by mature trees, with additional paddock grounds making up around 6 acres, providing a perfect blend of beauty and functionality. Cleatham Hall is a rare opportunity to own a piece of history.

Agent Details

Carter Jonas, York

01904 935435

Next Steps?

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