ValuationUndervalued

Sold Prices	£51K - £450K
Sold Prices/m²	£531/m² - £2.5K/m²

Square Metres	~129.26 m²
Price/m²	£1.1K/m²
Value Estimate	£168,000£168,000
BMV	20%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£35,000£35,000
Stamp Duty & Legal Fees	£5,400£5,400
Total Cash In	£40,400£40,400

Cash Out
Room Rate	£425£425
Gross Rent	£1,700
Running Costs/mo	£1,215£1,215
Cashflow/mo	£485£485
Cashflow/yr	£5,817£5,817
ROI	14%14%
Gross Yield	15%15%

Local Sold Prices

34 sold prices from £51K to £450K, average is £217.5K. £531/m² to £2.5K/m², average is £1.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£105K	08/25	0.11 mi	148, Trinity Street, Gainsborough DN21 1JN	-	-	4	Terraced House
£105K	08/21	0.18 mi	11, Marlborough Street, Gainsborough, Lincolnshire DN21 1BU	£991	106	4	Terraced House
£51K	03/23	0.28 mi	9, Trent Street, Gainsborough, Lincolnshire DN21 1JZ	£531	96	4	Terraced House
£270K	07/23	0.38 mi	3, Bright Street, Gainsborough, Lincolnshire DN21 2NQ	£1,875	144	4	Semi-Detached House
£192K	11/24	0.44 mi	23, Middlefield Lane, Gainsborough DN21 1TY	£1,401	137	4	Semi-Detached House
£102K	05/25	0.49 mi	85, All Saints Mews, North Street, Gainsborough DN21 2HU	£1,097	93	4	Semi-Detached House
£102K	05/25	0.49 mi	85, All Saints Mews, North Street, Gainsborough DN21 2HU	-	-	4	Semi-Detached House
£207K	11/24	0.5 mi	30, Claythorne Drive, Gainsborough DN21 1TZ	£1,990	104	4	Semi-Detached House
£450K	06/21	0.58 mi	Bede Lodge, Summer Hill, Gainsborough, Lincolnshire DN21 1HQ	£2,250	200	4	Detached House
£190K	02/23	0.6 mi	17, Northolme, Gainsborough, Lincolnshire DN21 2QN	£1,357	140	4	Semi-Detached House
£120K	04/25	0.65 mi	27, Garfield Street, Gainsborough DN21 2LA	£930	129	4	Semi-Detached House
£120K	04/25	0.65 mi	27, Garfield Street, Gainsborough DN21 2LA	-	-	4	Semi-Detached House
£220K	08/21	0.71 mi	10, Willoughby Chase, Gainsborough, Lincolnshire DN21 1GR	£1,893	116	4	Detached House
£275K	04/23	0.71 mi	2, Willoughby Chase, Gainsborough, Lincolnshire DN21 1GR	£1,752	157	4	Detached House
£270K	07/23	0.73 mi	18, Morton Terrace, Gainsborough, Lincolnshire DN21 2RQ	£1,875	144	4	Semi-Detached House
£375K	03/25	0.74 mi	The Rigits, Rosefields, Gainsborough DN21 1GE	£2,358	159	4	Detached House
£205K	01/25	0.75 mi	11, The Rowans, Gainsborough DN21 1WH	£2,050	100	4	Detached House
£181K	07/23	0.81 mi	37, Beckett Avenue, Gainsborough, Lincolnshire DN21 1EL	£1,646	110	4	Semi-Detached House
£238K	01/23	0.82 mi	9, Birchwood View, Gainsborough, Lincolnshire DN21 1WA	-	-	4	Semi-Detached House
£225K	03/25	0.83 mi	4, Birchwood View, Gainsborough DN21 1WA	£1,758	128	4	Detached House
£245K	02/23	0.83 mi	5, Aspen Court, Gainsborough, Lincolnshire DN21 1FG	-	-	4	Detached House
£240K	05/25	0.85 mi	1, Sycamore Drive, Gainsborough DN21 1FD	£2,474	97	4	Detached House
£240K	05/25	0.85 mi	1, Sycamore Drive, Gainsborough DN21 1FD	-	-	4	Detached House
£255K	05/25	0.85 mi	7, Aspen Court, Gainsborough DN21 1FG	£1,723	148	4	Detached House
£255K	05/25	0.85 mi	7, Aspen Court, Gainsborough DN21 1FG	-	-	4	Detached House
£250K	02/25	0.87 mi	1, Heather Close, Bracken Park, Gainsborough DN21 1GP	£1,908	131	4	Detached House
£272.5K	06/21	0.87 mi	4, Oak Tree Avenue, Gainsborough, Lincolnshire DN21 1FF	£1,892	144	4	Semi-Detached House
£215K	12/24	0.88 mi	17, Falcon Grove, Gainsborough DN21 1GQ	£1,792	120	4	Detached House
£270K	03/25	0.88 mi	43, Parkside Way, Gainsborough DN21 1JB	£2,077	130	4	Detached House
£150K	07/23	0.89 mi	48, Pilgrims Way, Gainsborough, Lincolnshire DN21 1ZB	-	-	4	Terraced House
£140K	03/25	0.89 mi	38, Pilgrims Way, Gainsborough, Lincolnshire DN21 1ZB	£1,458	96	4	Terraced House
£260K	07/25	0.89 mi	1, Kestrel Avenue, Gainsborough DN21 1GL	-	-	4	Detached House
£128K	06/21	0.89 mi	30, Melrose Road, Gainsborough, Lincolnshire DN21 2SD	£1,362	94	4	Semi-Detached House
£140K	03/25	0.92 mi	38, Pilgrims Way, Gainsborough DN21 1ZB	£1,458	96	4	Terraced House

Local Area Statistics

Population in DN21	36,96936,969
Population in Gainsborough	37,06637,066
Town centre distance	0.46 miles away0.46 miles away
Nearest school	0.50 miles away0.50 miles away
Nearest train station	0.28 miles away0.28 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+7%+7%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+21%+21%

Property History

Listed for £140,000

February 11, 2025

Description

Great HMO investment opportunity +
Renting out for £1,700PCM in total +
Four bedroom mid terraced property +
An ensuite and family bathroom +
Enclosed rear yard and on-street parking +
Local amenities and good transport links +
In the heart of the town centre +
Scope to add value further and create further bedrooms +
14.57% annual rental yield +
CALL TODAY! +

14.57% YIELD GREAT INVESTMENT On offer: a FOUR-BED MID-TERRACED PROPERTY in GAINSBOROUGH. PREVIOUSLY TENANTED, this is a HMO INVESTMENT renting at c. £1,700 PCM (c. £20,400 PA). CLICK NOW!

Agent Details

Open Door Property, South Wheatley

01777 808792

Next Steps?

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

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