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Wheeldon Street, GAINSBOROUGH

Yorkshire

£56,000
Listed on 04/11/2025

Property Details

Bedrooms
2
Type
Terraced house

Description

This mid-terrace property offers an exciting opportunity for renovation and investment in a well-regarded area of Gainsborough. With two bedrooms and accommodation spread over three floors, the home is in need of refurbishment, allowing new owners to truly make it their own while maximizing its potential as a rental property. The interior includes a lounge and a dining kitchen on the ground floor, complemented by a convenient understairs pantry and utility area. The first floor features a master bedroom, an additional room that can serve as an office or dressing room, and a family bathroom. The second floor comprises an attic room that can be transformed into additional living space or another bedroom. The outdoor space includes an enclosed garden at the rear, providing private access to storage options. Given its structure and layout, once fully refurbished, this property has the potential to attract lucrative rental income—estimated in the vicinity of £650 per month. Located within walking distance to the town center, residents will have easy access to various amenities including local shops, supermarkets, and Marshalls Yard retail park. Furthermore, with excellent public transport links featuring two train stations and bus services nearby, this location is ideal for commuters traveling to Lincoln or Scunthorpe. This property's combination of desirable features and strategic location makes it an attractive option for both seasoned investors and first-time buyers looking to capitalize on its renovation potential.

Investment Analysis

(DN21 area)
Area Average
£182/sq ft
Avg Rent (weekly)
£152
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
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

Wheeldon Street, GAINSBOROUGH
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