Drake Street, Gainsborough, DN21
Yorkshire
£85,000
Listed on 08/10/2026
Listed on 08/10/2026
The listing
Property details
Bedrooms
3Type
TerracedArea
1066 sqftFeatures
- Garden
Description
This three-bedroom mid-terrace house in Gainsborough has accommodation over two floors, with a lounge, separate dining room, kitchen and bathroom downstairs. Upstairs are three bedrooms and a separate WC. The property also has a front buffer garden and a rear garden with a shed and gated access, while parking is on street.
The listing describes the house as needing modernisation. The kitchen has fitted units, a gas hob and an electric oven, and the bathroom has a four-piece suite. Gas central heating and double glazing are stated, and the EPC rating is D. The loft is insulated but unboarded, with access through a small opening in a bedroom.
Local shops, schools and everyday amenities are nearby. The property is offered with no onward chain and may suit a buyer looking to update a three-bedroom home. The agent estimates rental income of £650 per month; this figure should be checked independently.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
79out of 100
Grade BGood opportunity
Confidence: MEDIUM
At £85,000, this three-bedroom terrace is a notably low-cost entry point: its asking price works out at about £80 per sq ft, well below the local average of £187. The rooms look usable, and the dated wallpaper, carpets and older finishes offer a clear, manageable canvas for a light refresh rather than a major rebuild. The fitted kitchen and four-piece bathroom are already equipped, while the rear yard has gated access and existing sheds.
The £7,000–£14,000 renovation range points to scope for updating the décor and flooring and improving the cracked paving and weathered decking. The listing also states an estimated rent of £650 per month, which may appeal to landlords, subject to independent checks. Overall, the low asking price and straightforward improvement potential support its good-opportunity rating.
Key opportunities
- Refresh the dated wallpaper, carpets and finishes across the photographed interiors.
- Update the existing equipped kitchen and four-piece bathroom cosmetically.
- Improve the rear yard by addressing cracked paving and weathered decking while making use of its gated access and sheds.
Key risks
None recorded.
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Transport
Nearest stations
Gainsborough Lea Road Rail Station
0.2 miles
Train · Gainsborough
Gainsborough Central Rail Station
0.7 miles
Train · Gainsborough
Retford Low Level Rail Station
8.9 miles
Train · Retford
Retford Rail Station
8.9 miles
Train · Retford
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 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£321
Based on a loan of £63,750 over 30 years at 4.45% 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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