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EPC Certificate
EPC Certificate
Guide price
£66,000

2 bedroom terraced house for sale

Grasby Close, Gainsborough DN21
Auction
Chain-free
Added yesterday
Terraced house
2 beds
1 bath
871
EPC rating: C
Added yesterday

Key information

TenureFreehold
Council taxBand A

Features and description

  • Ideal investment
  • Tenant in situ
  • Two bedroom
  • End terrace
  • Generous rear garden
  • Cul de sac location
  • Rent : £560 pcm
  • Potential yeild of : 10.1%
  • No onward chain
  • Call now to view

Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £66,000

Tenant in situ, currently £560 per month.

Situated in a desirable cul-de-sac location in Gainsborough, Lincolnshire, this end-terrace house presents an excellent opportunity for investors. The property features two well-proportioned bedrooms and one bathroom, complemented by a comfortable public room that offers a practical space for relaxation or entertaining. Its freehold tenure provides stability and peace of mind for prospective buyers. The accommodation benefits from efficient gas central heating, promoting comfort throughout the year.

The residence boasts a generous private rear garden, offering ample outdoor space for leisure and potential for personalisation. The property is set back from the street and benefits from accessible street parking. With no onward chain, this house represents a straightforward and prompt opportunity for purchase. Currently, a tenant is in situ, with a rental income of £560 per calendar month, offering an attractive potential yield of 10.1%, making this an appealing proposition for investors. Viewings are available by appointment.

Local area

Gainsborough is a historic market town in Lincolnshire, offering a blend of local amenities, schooling options, and transport links. The location benefits from proximity to shopping facilities, leisure centres, and picturesque countryside, making it a convenient base for a range of lifestyles. The wider area provides access to regional road networks, ensuring straightforward travel to neighbouring towns and beyond.

EPC rating: C. Tenure: Freehold,

Rooms

Kitchen 3.12m x 2.91m (10'3" x 9'7")
Fitted kitchen comprising of wall and base units, stainless steel sink with drainer and mixer tap, space for white goods, radiator, window to front aspect and serving hatch to lounge.

Lounge 4.53m x 3.2m (14'10" x 10'6")
Tile flooring, two radiators, service hatch to kitchen, window to rear aspect and door to utility area.

Utility area 1.28m x 3.04m (4'2" x 10'0")
Tiled flooring, radiator, window, side aspect, and rear garden.

First floor accommodation Not provided

Bedroom One 3.79m x 3.21m (12'5" x 10'6")
Fitted carpet, radiator, window to front aspect and over-stair storage.

Bedroom Two 3.9m x 2.88m (12'10" x 9'5")
Fitted carpet, radiator, storage, cupboard, and window to the rear aspect

Bathroom 1.78m x 2.86m (5'10" x 9'5")
Fitted three piece sweet comprising bath with overhead shower, hand wash basin, WC, radiator, tiled walls, vinyl flooring and window to rear aspect

Outside Not provided
To the front of the property is a mainly laid-to-lawn garden with a path leading to the front door. To the rear of the property is a mainly laid-to-lawn garden with rear gated access and is enclosed by fencing.

TENURE Not provided
The tenure of this property is Freehold.

SERVICES Not provided
All mains services are available or connected subject to the statutory regulations. We have not tested any heating systems, fixtures, appliances or services.

HOW TO MAKE AN OFFER Not provided
If you are interested in this property then it is important that you contact us at your earliest convenience. We will require certain pieces of personal information from you in order to provide a professional service to you and our client. The personal information you have provided to us may be shared with our client, the seller, but it will not be shared with any other third parties without your consent other than stated reasons detailed within our privacy policy. More information on how we hold and process your data is available on our website and you can opt out at any time by simply contacting us. For any offer you wish to make we will need to establish certain details before negotiation can take place. This is so that our vendor can make an informed choice when negotiating and accepting your offer. You will be asked to provide formal I.D. and address verification, as required under new Money Laundering Legislation.

. Not provided
You might also have one or two questions for us, such as which solicitor to choose, or which mortgage lender has the best offers available for me. We have a one stop shop to satisfy all of these needs so please ask.

MORTGAGES AND SOLCITORS Not provided
Lovelle Estate Agency and our partners provide a range of services to buyers, although you are free to use an alternative provider. If you require a solicitor to handle your purchase and/or sale, we can refer you to one of the panel solicitors we use. We may receive a fee if you use their services. If you need help arranging finance, we can refer you to the Mortgage Advice Bureau who are in-house. We may receive a fee if you use their services.

ENERGY PERFORMANCE CERTIFICATE Not provided
A copy of the full Energy Performance Certificate for this property is available upon request unless exempt. Advisory Notes - Please be advised if you are considering purchasing a property for Buy To Let purposes, from 1st April 2018 without an EPC rated E or above it will not be possible to issue a new tenancy, or renew an existing tenancy agreement.

AGENT NOTES Not provided
These particulars are for guidance only. Lovelle Estate Agency, their clients and any joint agents give notice that: They have no authority to give or make representation/warranties regarding the property, or comment on the SERVICES, TENURE and RIGHT OF WAY of any property. These particulars do not form part of any contract and must not be relied upon as statements or representation of fact. All measurements/areas are approximate. The particulars including photographs and plans are for guidance only and are not necessarily comprehensive.

Anti-Money Laundering (AML) Not provided
In accordance with HM Revenue and Customs (HMRC) regulations, all estate agents in the UK are legally required to conduct Anti-Money Laundering (AML) checks for every property transaction. This is a mandatory step for both buyers and sellers, and your successful completion of these checks is essential before any property transaction can proceed. Our agency utilises Moverly to carry out these necessary AML checks. Please be aware that a non-refundable fee will be charged for each individual AML check conducted.

AUCTION COMMENT 1 Not provided
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'. This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent. The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

AUCTION COMMENT 2 Not provided
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively. The property is being sold via a transparent online auction. In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

AUCTION COMMENT 3 Not provided
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

AUCTION COMMENT 4 Not provided
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs. Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

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Area statistics

Crime score
Low crime
3/10
Home prices (average)
2 bedroom terraced houses
£109,378

About this agent

Lovelle Estate Agency - Gainsborough
Lovelle Estate Agency - Gainsborough
Unit 5b Tillbridge Centre Gainsborough DN21 1FT
01427 360338
Full profileProperty listings
Lovelle Estate Agency provides first-class estate agency services within Lincolnshire & East Yorkshire regions. Having seen a change in the company’s structure at the beginning of 2006, we have grown to the region’s leading agency. Marketing and customer service are the focus of our team of dedicated professional staff. We are privately owned. We cherish our independence because it motivates us to care about every single thing that happens within our company. It inspires us to constantly improve our service and that keeps us where we want to be – out in front. You can get a flavour of what independent thinking creates when you visit our offices positioned at strategic locations within the area. What do people see when they visit us? A dynamic, result driven technologically advanced company that mixes professionalism with passion. Our Director and staff are superbly trained, exceptionally knowledgeable and passionately committed. They are the calibre of people you want on your side for the challenging and crucially important business of buying, selling, letting or renting property. Their key objective is to get the highest value from any property transaction whether it’s helping someone to sell their house, working on behalf of a landlord or providing prospective buyers with suitable properties.
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