Spital Terrace, Gainsborough, Lincolnshire, DN21
Yorkshire
£110,000Guide Price
Listed on 24/09/2026
Listed on 24/09/2026
The listing
Property details
Bedrooms
3Type
Semi DetachedArea
1335 sqftFeatures
- Garden
- Parking
Description
Offered at auction, this three-bedroom semi-detached house is close to Gainsborough town centre and is presented as a modernisation project. The accommodation includes an entrance hall, living room, dining room and kitchen, with three bedrooms and a bathroom upstairs. A cellar provides additional storage space. The listing gives a total floor area of 1,335 sq ft.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
80out of 100
Grade AStrong opportunity
Confidence: MEDIUM
At £110,000, this three-bedroom semi-detached house is offered at about £82 per sq ft, well below the local average of £187 per sq ft—a strong price-led opportunity for someone looking to acquire and add value. The town-centre location, two reception spaces and front garden give it a useful starting point, while the enclosed rear yard is low-maintenance.
The interior is a medium-scale modernisation project: older finishes and flooring run through the visible living spaces and bedrooms, with a dated kitchen and distinctive coloured bathroom suite also ready for updating. The exterior and roof look broadly intact in the supplied views, but the bathroom ceiling marks and cellar condition merit inspection. It is being sold by the Modern Method of Auction; bidding can take the hammer above the guide, so the eventual price may not stay this cheap.
Key opportunities
- Modernise the dated kitchen and bathroom to give the house a more contemporary feel.
- Refresh the visible living spaces and bedrooms with updated flooring and decoration.
- Make use of the three-bedroom layout and two reception spaces, with a front garden and enclosed rear yard.
Key risks
- Bathroom ceiling marks need investigation to establish their cause.
- Inspect the cellar, including its exposed joists and services, and verify its condition and any potential use.
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Transport
Nearest stations
Gainsborough Central Rail Station
0.1 miles
Train · Gainsborough
Gainsborough Lea Road Rail Station
1.0 miles
Train · Gainsborough
Retford Low Level Rail Station
9.3 miles
Train · Retford
Kirton Lindsey Rail Station
9.4 miles
Train · Kirton in Lindsey
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
%
%
years
Current average 2-year fixed rate is 5.13%
Current average variable rate is 6.58%
Monthly Repayments
£449
Based on a loan of £82,500 over 30 years at 5.13% 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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