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Melrose Road, Gainsborough, DN21 - Image 1
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Melrose Road, Gainsborough, DN21

Yorkshire

£50,000
Listed on 12/10/2025

Property Details

Bedrooms
2
Type
Semi-detached house

Description

This semi-detached two-bedroom house presents a unique opportunity for buyers interested in renovation and investment potential. Located in a well-established area of Gainsborough, the property features a versatile layout that can be adapted to suit various needs. An additional room off the second bedroom, currently serving as a walk-in wardrobe, offers the possibility of transforming this space into a third bedroom or a home office. Upon entering the property, you'll find a traditional layout with a lounge at the front and a separate dining room adjacent to the kitchen. The ground floor also includes access to the bathroom, creating a functional living space. Upstairs, both double bedrooms provide ample natural light and space for storage. The property is in need of modernisation, making it an ideal candidate for those looking to enhance its value through updates and personal touches. With outdoor space available both at the front and rear of the home, there’s potential for landscaping or creating additional outdoor living areas. Situated on Melrose Road, this home benefits from its proximity to local shops, schools, and essential amenities. Additionally, strong transport links connect Gainsborough to nearby towns like Lincoln, Doncaster, and Scunthorpe, making it suitable for commuters or families seeking convenient access to urban centers. For investors or first-time buyers looking for a project with substantial upside potential, this property represents an excellent opportunity to create a tailor-made home in a desirable location.

Investment Analysis

(DN21 area)
Area Average
£182/sq ft
Avg Rent (weekly)
£152
Avg Yield
3.6%
Monthly Sales
33
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (DN21)

Area prices are stable by +1.5% over the last 12 months
3 year growth: 3.0%
5 year growth: 12.6%
Investment Disclaimer: Analysis based on DN21 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

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Location

Melrose Road, Gainsborough, DN21
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