Ropery Road, Gainsborough
Martin & Co logo

Ropery Road, Gainsborough

By Martin & Co

£ 67,500

Reviews

2 out of 5 stars

Martin & Co says ..

This ready to go buy to let investment opportunity is now presented to the sales market, sold with the benefit of an ongoing tenancy generating £460pcm. The property comprises of a living room, modern kitchen, bathroom and a family bathroom. Externally an enclosed garden is provided. The pro...

Property Oracle says ..

This two-bedroom terraced house located on Ropery Road in Gainsborough, Lincolnshire presents a mixed bag for potential buyers. The property’s key strengths lie in its location. Its proximity to local schools and Gainsborough Central train station makes it convenient for families and commuters. The presence of a small garden is another positive feature, although the current state of the garden requires significant work. However, the property is not in excellent condition. The photographs reveal that the property is in need of a thorough clean and some modernisation to both the interior and the garden. The walls and floors appear dated and in places damaged. The kitchen and bathroom could also benefit from updating. Therefore, potential buyers should factor in the costs of renovation into their purchase decision. The fact that it’s currently a let-only property generating £460pcm may make it more attractive to investors. The absence of square footage makes comparing this property to others difficult; however, based on comparable properties in the surrounding areas, the asking price could be deemed reasonable. An investor considering this property should calculate their return on investment (ROI) after accounting for the necessary refurbishment costs.

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
4
Location
7
Land
3
Bedrooms
2
Bathrooms
1

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
159,998.00 £
Decreased by 13.94 %
from 185,912.00 £
Average area rental value
723.00 £/mo
Decreased by 8.25 %
from 788.00 £/mo
Est rental Yield
5.42 %
Increased by 6.48 %
from 5.09 %
Crime Rate
19.00 %
Unchanged by 0.00 %
from 19.00 %

Agent Activity

  • Martin & Co marked this listing as sold.

  • Martin & Co created the listing.

Nearby Schools

NameTypeOfstedDistance
Mercer'S Wood AcademyAcademy Sponsor LedRequires improvement0.11 KM
Gainsborough North Marsh Road Children'S CentreChildren's Centre0.17 KM
The Gainsborough Nursery SchoolLocal Authority Nursery SchoolOutstanding0.35 KM
Good Apple IndependentOther Independent Special SchoolGood0.59 KM
The Queen Elizabeth'S High School, GainsboroughCommunity SchoolRequires improvement0.73 KM

Images

IMG_8847 IMG_8846 IMG_8843 IMG_8844 IMG_8842 IMG_8841 IMG_8845

Nearby Streets

NameAverage PriceAverage SqftDistance
Shore Row £ 000.00 KM
Alfred Street £ 124,97500.00 KM
Bourne Way £ 170,00000.00 KM
Garfield Street £ 133,73800.00 KM
Bayard Street £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Gainsborough Central6465GNB1.68 KM
Gainsborough Lea Road6424GBL2.84 KM

Nearby Listings

AddressPriceTypeScoreDistance
225 Ropery Road, Gainsborough £ 70,000BUYUnknown0.00 KM
225 Ropery Road, Gainsborough £ 70,000BUYUnknown0.00 KM
Ropery Road, Gainsborough £ 67,500BUY5 / 100.00 KM
Ropery Road, Gainsborough £ 150,000BUY6 / 100.00 KM
Melrose Road, Gainsborough, DN21 2SD £ 119,995BUY6 / 100.06 KM

Nearby Properties

AddressPriceDistance
312 Ropery Road £ 53,5000.00 KM
330 Ropery Road £ 87,0000.00 KM
346 Ropery Road £ 55,0000.00 KM
340 Ropery Road £ 52,0000.00 KM
298 Ropery Road £ 87,5000.00 KM