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Heapham Road, Gainsborough, DN21 - Image 1
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Heapham Road, Gainsborough, DN21

Yorkshire

£230,000
Listed on 14/04/2026

Property Details

Bedrooms
5
Type
Detached
Area
1334 sqft

Description

This spacious detached family home, along with a separate newly constructed building, presents an intriguing investment opportunity in the heart of Gainsborough. The property is conveniently located near essential amenities and transport links, making it ideal for both residential use and potential rental income. The original home features an entrance hall leading into a generous lounge/dining area, a fitted kitchen, and a modern shower room that doubles as a utility space. Upstairs, you will find three sizable bedrooms complemented by a family bathroom. The new-build portion adds further value with its own entrance hallway, ground floor WC, integral garage, and additional double garage. On the first floor, there’s a large kitchen/diner and versatile living space or extra bedroom, while the master suite on the second floor boasts a balcony window along with an en-suite bathroom. Both structures are in need of modernization, offering significant potential for buyers looking to enhance the properties and increase their market value. Early viewing is suggested to seize this unique opportunity for renovation and investment.

Investment Analysis

(DN21 area)

Below Market Value

This property is priced -5.3% below area average per sq ft

-5.3%
Potential saving
This Property
£172/sq ft
Area Average
£182/sq ft
Avg Rent (weekly)
£157
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £70,000
Target Value
£267,067
10% above area average per sq ft
Potential ROI
-11.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
47
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (DN21)

Area prices are stable by +0.8% over the last 12 months
3 year growth: +3.4%
5 year growth: +15.2%
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

Heapham Road, Gainsborough, DN21
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£815
Based on a loan of £172,500 over 30 years at 3.91% 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.

Stamp Duty Calculator

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