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31 Linden Terrace, Gainsborough

Yorkshire

£45,000
Listed on 03/12/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
700 sqft

Description

This terraced house presents a promising investment opportunity in Gainsborough, conveniently situated at the edge of rural Lincolnshire. As a freehold property, it holds potential for attractive rental yields, making it an ideal addition to any property portfolio. The location is highly desirable, offering easy access to local amenities and essential facilities for families and tenants alike. Inside, this home retains character but could benefit from updates to enhance its appeal and increase rental income. Its proximity to notable schools such as Queen Elizabeth's High School, shopping areas like Marshalls Yard, and recreational spots including Gainsborough Old Hall ensures a steady demand for rentals. Gainsborough Central Railway Station is just a short distance away, providing excellent transport links to larger cities. For those who enjoy leisure activities, the nearby West Lindsey Leisure Centre offers various facilities including a swimming pool and gym. This property also boasts charming surroundings with scenic walks along the River Trent. With no chain and vacant possession available, this house is ready for new owners who can undertake modernisation efforts in key areas to boost its value further. Explore your options in this promising market before it slips away – this property offers not only immediate income potential but also significant long-term growth prospects.

Investment Analysis

(DN21 area)

Below Market Value

This property is priced -64.7% below area average per sq ft

-64.7%
Potential saving
This Property
£64/sq ft
Area Average
£182/sq ft
Avg Rent (weekly)
£156
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£140,371
10% above area average per sq ft
Potential ROI
+100.5%
After renovation
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

31 Linden Terrace, Gainsborough
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£165
Based on a loan of £33,750 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