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
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Metrics Year-on-Year
- Average area value
- 159,998.00 £Decreased by 13.94 %
- Average area rental value
- 723.00 £/moDecreased by 8.25 %
- Est rental Yield
- 5.42 %Increased by 6.48 %
- Crime Rate
- 19.00 %Unchanged by 0.00 %
Agent Activity
Martin & Co marked this listing as sold.
Martin & Co created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Mercer'S Wood Academy | Academy Sponsor Led | Requires improvement | 0.11 KM |
| Gainsborough North Marsh Road Children'S Centre | Children's Centre | 0.17 KM | |
| The Gainsborough Nursery School | Local Authority Nursery School | Outstanding | 0.35 KM |
| Good Apple Independent | Other Independent Special School | Good | 0.59 KM |
| The Queen Elizabeth'S High School, Gainsborough | Community School | Requires improvement | 0.73 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Shore Row | £ 0 | 0 | 0.00 KM |
| Alfred Street | £ 124,975 | 0 | 0.00 KM |
| Bourne Way | £ 170,000 | 0 | 0.00 KM |
| Garfield Street | £ 133,738 | 0 | 0.00 KM |
| Bayard Street | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Gainsborough Central | 6465 | GNB | 1.68 KM |
| Gainsborough Lea Road | 6424 | GBL | 2.84 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| 225 Ropery Road, Gainsborough | £ 70,000 | BUY | Unknown | 0.00 KM |
| 225 Ropery Road, Gainsborough | £ 70,000 | BUY | Unknown | 0.00 KM |
| Ropery Road, Gainsborough | £ 67,500 | BUY | 5 / 10 | 0.00 KM |
| Ropery Road, Gainsborough | £ 150,000 | BUY | 6 / 10 | 0.00 KM |
| Melrose Road, Gainsborough, DN21 2SD | £ 119,995 | BUY | 6 / 10 | 0.06 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 312 Ropery Road | £ 53,500 | 0.00 KM |
| 330 Ropery Road | £ 87,000 | 0.00 KM |
| 346 Ropery Road | £ 55,000 | 0.00 KM |
| 340 Ropery Road | £ 52,000 | 0.00 KM |
| 298 Ropery Road | £ 87,500 | 0.00 KM |