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2 Bed Semi-Detached House, Refurb/BRRR, Gainsborough, DN21 2SD £50,000

Melrose Road, Gainsborough, DN21 2SD - 1 views - 3 months ago
  1. Deal Search
  2. Gainsborough
  3. DN21
  4. DN21 2SD
Sold STC
Auction
Refurb/BRRR
ROI: 3%
~68 m²

ValuationUndervalued

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Links

  • More Deals in Gainsborough
  • More Deals in DN21
  • More Refurb/BRRR Deals
  • More Refurb/BRRR Deals in Gainsborough
  • More Refurb/BRRR Deals in DN21

Property History

Price changed to £50,000

October 14, 2025

Price changed to £65,000

September 20, 2025

Price changed to £75,000

September 12, 2025

Listed for £85,000

August 29, 2025

Floor Plans

Description

  • Bay Fronted Semi +
  • 2/3 Bedrooms +
  • Town Centre Location +
  • Ideal First Time Buy or Investment +
  • For Sale By Auction – T & C's Apply +
  • Subject To An Undisclosed Reserve Price +
  • Reservation Fee Applicable +
  • The Modern Method Of Auction +

A two-bedroom semi-detached house on Melrose Place, Gainsborough, with a flexible additional room off the second bedroom which could be utilised as a third bedroom. In need of modernisation, the property offers scope for improvement and excellent potential to add value.

Step Inside

This two-bedroom semi-detached home on Melrose Place offers flexible living space with great potential to add value. The ground floor features a lounge to the front, a separate dining room, and a kitchen leading through to the bathroom. On the first floor, there are two double bedrooms, a shower room, and an additional room currently used as a walk-in wardrobe off the second bedroom, which could potentially be reconfigured into a third bedroom. The property is in need of modernisation but presents an excellent opportunity for buyers to create a home tailored to their own taste.

Outside

The property enjoys outdoor space to the front and rear.

Location

Melrose Place is well positioned within Gainsborough, close to local shops, schools, and everyday amenities. The town also benefits from strong transport links to Lincoln, Doncaster, and Scunthorpe, making it a convenient base for commuters and families alike. Offering plenty of scope for improvement and reconfiguration, this property represents a fantastic opportunity for first-time buyers, investors, or those seeking a project.

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties’ personal data will be shared with the Auctioneer (iamsold).

If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.

A Buyer Information Pack is provided. The buyer will pay £349 (Inc. VAT) for this pack which you must viewed before bidding.

The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.

Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.

Agent Details

DDM Residential, Gainsborough

01427 800757

Next Steps?

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

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Investment Opportunity

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