3 Bed Terraced House, Single Let, Gainsborough, DN21 1JQ, £40,000

Linden Terrace, Gainsborough, DN21 1JQ - 2 views - 2 months ago

Auction
BTL
ROI: 24%
~93 m²
+4 photos

ValuationUndervalued

Sold Prices£37.5K - £200K
Sold Prices/m²£421/m² - £1.9K/m²

 

 

Square Metres

~93 m²
Price/m²£430/m²

Value Estimate

£54,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£10,000

Stamp Duty & Legal Fees

£2,550

Total Cash In

£12,550

 

 

Cash Out

 

Rent Range

£575 - £945

Rent Estimate

£550

Running Costs/mo

£255

Cashflow/mo

£295

Cashflow/yr

£3,540

ROI

28%

Gross Yield

17%

Local Sold Prices

50 sold prices from £37.5K to £200K, average is £76.5K. £421/m² to £1.9K/m², average is £855/m².

PriceDateDistanceAddressBeds 
£43K02/210 mi29, Linden Terrace, Gainsborough, Lincolnshire DN21 1JQ3
£60K03/230.09 mi1, Prospect Terrace, Gainsborough, Lincolnshire DN21 1BP3
£45K02/210.09 mi14, Britannia Terrace, Gainsborough, Lincolnshire DN21 1BL3
£135K07/230.11 mi2, King Street, Gainsborough, Lincolnshire DN21 1JS3
£47K12/200.12 mi12, Wheeldon Street, Gainsborough, Lincolnshire DN21 1BS3
£60K07/230.12 mi47, Marlborough Street, Gainsborough, Lincolnshire DN21 1BT3
£39.5K07/210.16 mi8, Wellington Street, Gainsborough, Lincolnshire DN21 1BX3
£47.5K05/210.16 mi26, Wellington Street, Gainsborough, Lincolnshire DN21 1BX3
£80K12/200.23 mi38, Sandsfield Lane, Gainsborough, Lincolnshire DN21 1DA3
£165K01/210.27 mi53, Enderby Crescent, Gainsborough, Lincolnshire DN21 1XQ3
£58K02/210.29 mi15, Ashcroft Road, Gainsborough, Lincolnshire DN21 1LB3
£65K03/230.29 mi39, Ashcroft Road, Gainsborough, Lincolnshire DN21 1LB3
£37.5K07/210.29 mi53, Gordon Street, Gainsborough, Lincolnshire DN21 1DW3
£53K04/210.3 mi18, Gordon Street, Gainsborough, Lincolnshire DN21 1DJ3
£70K11/210.32 mi5, Darwin Street, Gainsborough, Lincolnshire DN21 1DL3
£95K02/230.34 mi9, Cromwell Street, Gainsborough, Lincolnshire DN21 1DH3
£186K08/210.34 mi5, Rothwell Close, Gainsborough, Lincolnshire DN21 1XN3
£60K02/210.35 mi8, Cromwell Street, Gainsborough, Lincolnshire DN21 1DH3
£58K09/210.35 mi5, Cromwell Street, Gainsborough, Lincolnshire DN21 1DH3
£160K07/210.36 mi34, Ravendale Road, Gainsborough, Lincolnshire DN21 1XA3
£70K03/230.36 mi108, Sandsfield Lane, Gainsborough, Lincolnshire DN21 1DD3
£112.5K05/230.36 mi178, Sandsfield Lane, Gainsborough, Lincolnshire DN21 1DD3
£117K08/210.37 mi133, Sandsfield Lane, Gainsborough, Lincolnshire DN21 1DB3
£118K12/200.37 mi135, Sandsfield Lane, Gainsborough, Lincolnshire DN21 1DB3
£100K12/220.37 mi135, Sandsfield Lane, Gainsborough, Lincolnshire DN21 1DB3
£65K10/200.37 mi4, Bacon Street, Gainsborough, Lincolnshire DN21 1DQ3
£53K03/230.37 mi16, Washington Street, Gainsborough, Lincolnshire DN21 1DR3
£78K09/210.39 mi107, Lea Road, Gainsborough, Lincolnshire DN21 1AB3
£65K07/210.39 mi101, Lea Road, Gainsborough, Lincolnshire DN21 1AB3
£83K09/210.39 mi163, Lea Road, Gainsborough, Lincolnshire DN21 1AB3
£73K01/210.4 mi49, Drake Street, Gainsborough, Lincolnshire DN21 1DF3
£158K10/200.42 mi6, Hainton Close, Gainsborough, Lincolnshire DN21 1UY3
£97K12/200.44 mi17, Pingle Close, Gainsborough, Lincolnshire DN21 1XR3
£145K10/200.44 mi23, Spital Terrace, Gainsborough, Lincolnshire DN21 2HD3
£127K01/230.45 mi5, St Andrews Court, Gainsborough, Lincolnshire DN21 1BD3
£72K07/230.48 mi47, Tennyson Street, Gainsborough, Lincolnshire DN21 2JG3
£164K05/210.49 mi20, Middlefield Lane, Gainsborough, Lincolnshire DN21 1UU3
£200K07/230.49 mi3, Middlefield Lane, Gainsborough, Lincolnshire DN21 1TY3
£40K06/230.52 mi7, Tower Street, Gainsborough, Lincolnshire DN21 2JQ3
£55K12/210.52 mi25, Tower Street, Gainsborough, Lincolnshire DN21 2JQ3
£40K11/200.52 mi57, Tower Street, Gainsborough, Lincolnshire DN21 2JF3
£170K06/230.52 mi1, Claythorne Drive, Gainsborough, Lincolnshire DN21 1TZ3
£55K05/230.53 mi2, Scott Street, Gainsborough, Lincolnshire DN21 2LJ3
£108.5K11/200.55 mi14, Cecil Street, Gainsborough, Lincolnshire DN21 2LQ3
£96K12/220.56 mi10, Charles Street, Gainsborough, Lincolnshire DN21 2JA3
£105K02/230.56 mi27, Balfour Street, Gainsborough, Lincolnshire DN21 2LF3
£80K10/210.57 mi10, Charles Street, Gainsborough, Lincolnshire DN21 2JA3
£85K11/200.6 mi30, Riseholme Road, Gainsborough, Lincolnshire DN21 1NJ3
£75K06/210.6 mi11, Riseholme Road, Gainsborough, Lincolnshire DN21 1NJ3
£170K12/200.61 mi129, Middlefield Lane, Gainsborough, Lincolnshire DN21 1QR3

Local Rents

12 rents from £575/mo to £945/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£62503/250.02 mi-3
£60011/240.08 mi-3
£57512/240.19 miTrent Street, Gainsborough3
£65012/240.31 mi-3
£75011/240.33 mi-3
£65002/250.37 mi-3
£65003/250.37 mi-3
£65003/250.37 mi-3
£76002/250.38 mi-3
£94512/240.42 mi-3
£75010/230.45 mi-3
£80012/240.49 miParish Mews, Gainsborough, DN213

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

Price changed to £40,000

March 16, 2025

Listed for £45,000

January 20, 2025

Description

  • Modern Methodf Of Auction +
  • Close To All Amenities +
  • Town Centre +
  • Investment Property +

For Sale by modern method of auction, Martin & Co Gainsborough are delighted to present this mid-terraced property to the market.

Located upon Linden Terrace in Gainsborough, this property is located close to all amenities, schools and surgeries.

The accommodation comprises of a lounge/dining room, kitchen, bathroom to ground floor.
To the first floor there is two bedrooms and stairs leading to the second floor where there is a further attic room.

To outside there is a paved garden.

This property is a great investment with a potential rent of £550/600PCM

Agent Details

Martin & Co, Gainsborough

01427 800763

Next Steps?

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