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3 bed flat for sale Morley Street, Gainsborough, DN21

Asking price
£160,000

Added yesterday

Type
Flat
Bedrooms
3
Bathrooms
2
Tenure
Freehold

Key features

  • SPACIOUS PERIOD PROPERTY
  • TWO FITTED KITCHENS & BATHROOMS
  • OFF ROAD PARKING
  • NO CHAIN
  • THREE BEDROOMS
  • FANTASTIC INVESTMENT OPPORTUNITY
  • COURTYARD REAR GARDEN
  • TWO SELF CONTAINED APARTMENTS
  • GREAT CENTRAL LOCATION

About this property

Offered to the market with no onward chain, this substantial and characterful period property has been thoughtfully converted into two well-proportioned, self-contained apartments, presenting an outstanding investment opportunity with immediate income potential.Ideally situated within easy reach of the town centre, the property enjoys a highly convenient setting with an excellent selection of shops, pubs, restaurants and reputable schools all just a short walk away — making it particularly attractive to tenants and future occupants alike.The ground floor apartment offers spacious and well-balanced accommodation, comprising a generous lounge filled with natural light, a fitted kitchen, a double bedroom and a bathroom.

Floorplan

Council tax

Ask agent
Per year
  • Band A
    £1,570
  • Band B
    £1,831
  • Band C
    £2,093
  • Band D
    £2,354
  • Band E
    £2,877
  • Band F
    £3,401
  • Band G
    £3,924
  • Band H
    £4,709

The agent hasn't said which band this home is in; you can look it up on GOV.UK. In West Lindsey, 2026/27 bills run from £1,570 a year in band A to £4,709 in band H.

Figures from MHCLG (Open Government Licence v3): the average bill for each band across West Lindsey, including the typical parish precept, so a parish's own bill can differ a little. Discounts lower the bill, such as 25% off for an adult living alone.

Location

Morley Street, Gainsborough, DN21

Mortgage and stamp duty

Property price £160,000
£80k £240k
Deposit10% £16,000
£0 £160k
Interest rate 4.5%
0.5% 15%
Repayment period 25 years
5 years 40 years

A £144,000 mortgage. Most lenders would want a household income of about £32,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.

Properties sold nearby

HM Land Registry sales nearby. Floor areas from Energy Performance Certificates where matched.

AddressSoldSizePrice
1, Morley Street TerracedJan 20251,453 sq ft £120/sq ft£175,000
9a, Morley Street Semi-detachedJun 2023624 sq ft £160/sq ft£100,000
11, Morley Street Semi-detachedJul 20221,755 sq ft £157/sq ft£275,000
15, Morley Street TerracedJan 20221,335 sq ft £206/sq ft£275,000
15, Morley Street TerracedMay 20201,335 sq ft £157/sq ft£210,000
1, Morley Street TerracedJan 20171,453 sq ft £65,000
17, Morley Street Semi-detachedJul 20141,970 sq ft £68/sq ft£134,250
15, Morley Street TerracedJul 20071,335 sq ft £101/sq ft£135,000

All sales on Morley Street → All sold prices in Gainsborough →

Area insights

The neighbourhood around this property.

Marketed by
Paul Fox, Our office in Gainsborough
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