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Wheeldon Street, GAINSBOROUGH

Yorkshire

£52,000
Listed on 29/12/2025

Property Details

Bedrooms
2
Type
Terraced house

Description

This mid-terrace property presents a significant opportunity for investors looking to capitalize on the buy-to-let market. Spanning three floors, the accommodation includes a lounge, dining kitchen, and utility area on the ground floor, with two bedrooms and a family bathroom above. The third floor offers additional living space in the form of an attic room, making it a versatile option once renovated. Positioned conveniently within walking distance to Gainsborough's town centre and close to transport links for commuting to Lincoln and Scunthorpe, this property is ripe for refurbishment. Upon completion of renovations to modern standards, it could yield rental income in the region of £650 per month. The enclosed rear garden adds further appeal for potential tenants. Given its current state requiring comprehensive refurbishment throughout, this property is well-suited for those seeking a project with considerable upside potential.

Investment Analysis

(DN21 area)
Area Average
£182/sq ft
Avg Rent (weekly)
£151
Avg Yield
3.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£20,000 - £35,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
53
Average per month
Market Turnover
27%
Properties sold annually

Local Market Trend (DN21)

Area prices are stable by +0.8% over the last 12 months
3 year growth: +2.7%
5 year growth: +14.6%
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.

Location

Wheeldon Street, GAINSBOROUGH
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£188
Based on a loan of £39,000 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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