3 bedroom semi-detached house for sale

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3 bedroom semi-detached house for sale

Torr Street, Gainsborough, DN21 2
£65,000

Price History

Initial price £80,000
13/12/24 £75,000
10/01/25 £65,000
Price Change -18.75%

Description

Mooved presents a three-bedroom semi-detached property with a high yield of £520 pcm, achieving 7.8% return on investment. The property is located in a desirable area of Gainsborough, close to the town center, with easy access to local amenities, schools, and leisure facilities. The property spans over 1258 sq ft, with three floors of living space, including two reception rooms, a kitchen, two double bedrooms, a family bathroom, and a third double bedroom on the second floor. The property also features a private yard with side access, providing practicality and storage options. The property has long-standing tenants in place for the past 10 years, with a contracted tenancy until June 2025, and an agreed increase to £600 pcm if the tenants renew, ensuring a stable and reliable rental income. This property represents an attractive investment opportunity for landlords, with no immediate renovation requirements and future rental income growth potential.