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Wheeldon Street, GAINSBOROUGH

Yorkshire

£52,000
Listed on 30/11/2025

Property Details

Bedrooms
2
Type
Terraced house

Description

This mid-terrace property presents a promising renovation opportunity in the heart of Gainsborough, making it an appealing prospect for both investors and homebuyers looking to create a personalized living space. Spanning three floors, the residence currently requires refurbishment throughout but holds significant potential to be transformed into a desirable rental unit or family home. Its location is particularly advantageous as it is within walking distance of the town center, offering easy access to local shops, supermarkets, and transport links including two train stations. Upon completion of renovations, the property could achieve rental yields estimated around £650 per month. The accommodation includes a ground floor with an entrance hall, lounge, spacious dining kitchen with an adjoining pantry and utility area. The first floor features a master bedroom alongside an office/dressing room and family bathroom, while the second floor offers an attic room that can be utilized creatively. An enclosed rear garden with a storage shed adds further value to this property.

Investment Analysis

(DN21 area)
Area Average
£182/sq ft
Avg Rent (weekly)
£156
Avg Yield
4.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
45
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (DN21)

Area prices are stable by +0.6% over the last 12 months
3 year growth: 3.2%
5 year growth: 14.4%
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 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£190
Based on a loan of £39,000 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE