1/15
£160,000
Flat · 3 beds · 2 baths
Morley Street, Gainsborough, DN21
0.07 miles away
Freehold
1/10
1/10
2 bed house for sale Gainsborough, DN21
OIRO
£105,000
Added on 16/09/2026
Added on 16/09/2026
- Type
- House
- Bedrooms
- 2
- Tenure
- Freehold
Key features
- Ideal ready-made buy-to-let investment opportunity
- Two well-proportioned bedrooms
- Open plan living kitchen diner
- Enclosed low-maintenance rear courtyard garden
- Useful brick-built outbuilding with power and lighting
- Off Road Parking
About this property
ATTRACTIVE TWO BEDROOM SEMI-DETACHED HOME | STONES THROW FROM GAINSBOROUGH OLD HALL | CURRENTLY TENANTED AT £645 PCM | IDEAL BUY-TO-LET INVESTMENT
Martin & Co Gainsborough are delighted to offer for sale this attractive traditional two bedroom semi-detached property, ideally positioned within a popular residential area of Gainsborough and just a stone's throw from the historic Gainsborough Old Hall. Currently occupied by a tenant producing a rental income of £645 per calendar month, the property presents an excellent opportunity for landlords and investors seeking a ready-made buy-to-let addition to their portfolio.
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
Gainsborough, DN21
Mortgage and stamp duty
Property price £105,000
£52k £158k
Deposit10% £11,000
£0 £105k
Interest rate 4.5%
0.5% 15%
Repayment period 25 years
5 years 40 years
A £94,000 mortgage. Most lenders would want a household income of about £21,000 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.
| Address | Type | Sold | Size | Size | £/sq ft | Price |
|---|---|---|---|---|---|---|
| 1, Morley Street Terraced | Terraced | Jan 2025 | 1,453 sq ft £120/sq ft | 1,453 sq ft | £120 | £175,000 |
| 9a, Morley Street Semi-detached | Semi-detached | Jun 2023 | 624 sq ft £160/sq ft | 624 sq ft | £160 | £100,000 |
| 11, Morley Street Semi-detached | Semi-detached | Jul 2022 | 1,755 sq ft £157/sq ft | 1,755 sq ft | £157 | £275,000 |
| 15, Morley Street Terraced | Terraced | Jan 2022 | 1,335 sq ft £206/sq ft | 1,335 sq ft | £206 | £275,000 |
| 15, Morley Street Terraced | Terraced | May 2020 | 1,335 sq ft £157/sq ft | 1,335 sq ft | £157 | £210,000 |
| 1, Morley Street Terraced | Terraced | Jan 2017 | 1,453 sq ft | 1,453 sq ft | n/a | £65,000 |
| 17, Morley Street Semi-detached | Semi-detached | Jul 2014 | 1,970 sq ft £68/sq ft | 1,970 sq ft | £68 | £134,250 |
| 15, Morley Street Terraced | Terraced | Jul 2007 | 1,335 sq ft £101/sq ft | 1,335 sq ft | £101 | £135,000 |
Area insights
The neighbourhood around this property.
Marketed by
Martin & Co, Gainsborough
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