Hunters says ..
We offer to the market a mid terrace two bedroom plus attic bedroom house currently tenanted and being sold with tenant in situ currently achieving £450 p.c.m. The property is located close to the centre of the market town of Gainsborough and its numerous amenities including Marshalls Yard retai...
Property Oracle says ..
This two-bedroom terraced house located on Tower Street in Gainsborough, Lincolnshire, is currently listed at £67,950. The property is described as being sold with a tenant in situ, achieving £450 per calendar month in rental income. Its proximity to Gainsborough Central train station and several schools makes for a convenient location, particularly for families or commuters. The property’s condition, as shown in the photos, is fair. It is habitable but could benefit from some cosmetic upgrades and modernisation in the kitchen and bathroom to increase its overall appeal and market value. Whilst the property’s price is below the average for the street, the lack of garden space and the need for some updating should be considered by potential buyers. The existing tenant provides an immediate rental income stream for potential investors, making it an attractive option in that market. Overall, the property presents a mixed bag of advantages and disadvantages that potential buyers will need to assess against their individual needs and priorities.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 5
- Location
- 7
- Land
- 1
- Bedrooms
- 2
- Bathrooms
- 1
- Sqft (est)
- 732.24
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Metrics Year-on-Year
- Average area value
- 159,998.00 £Decreased by 13.94 %
- Est sale value
- 133,999.92 £Decreased by 9.85 %
- Average area rental value
- 723.00 £/moDecreased by 8.25 %
- Est letting value
- 0.00 £/mo
- Est rental Yield
- 5.42 %Increased by 6.48 %
- Crime Rate
- 34.00 %Unchanged by 0.00 %
Agent Activity
Hunters created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Handel House Preparatory School | Other Independent School | 0.20 KM | |
| The Gainsborough Parish Church Primary School | Academy Converter | Good | 0.33 KM |
| Gainsborough, Hemswell Cliff And Sturton Children'S Centre | Children's Centre | 0.47 KM | |
| Good Apple Independent | Other Independent Special School | Good | 0.75 KM |
| Castle Wood Academy | Academy Sponsor Led | Requires improvement | 0.93 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Tower Street | £ 123,975 | 0 | 0.00 KM |
| Thomas Cooper Drive | £ 0 | 0 | 0.00 KM |
| Curtis Walk | £ 0 | 0 | 0.00 KM |
| Albert Terrace | £ 0 | 0 | 0.00 KM |
| Bayard Street | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Gainsborough Central | 6465 | GNB | 0.57 KM |
| Gainsborough Lea Road | 6424 | GBL | 1.88 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Tower Street, Gainsborough | £ 67,950 | BUY | 5 / 10 | 0.00 KM |
| Carlisle Mews , Gainsborough | £ 74,950 | BUY | Unknown | 0.04 KM |
| Carlisle Mews, Gainsborough | £ 55,000 | BUY | 6 / 10 | 0.04 KM |
| Carlisle Mews, Gainsborough | £ 55,000 | BUY | 5 / 10 | 0.04 KM |
| Carlisle Mews , Gainsborough | £ 74,950 | BUY | 5 / 10 | 0.04 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 45 Tower Street | £ 66,500 | 0.01 KM |
| 3 Tower Street | £ 31,000 | 0.01 KM |
| 41 Tower Street | £ 66,000 | 0.01 KM |
| 31 Tower Street | £ 60,000 | 0.01 KM |
| 48 Tower Street | £ 34,000 | 0.01 KM |