*ONLINE Unconditional Auction Opening 10 November 2025*
To register for the legal pack and bidding, please visit our website: auctionhouse.co.uk/lincolnshire
Description
Situation:
The property is situated on Church Street, Gainsborough, a pleasant and central location in the heart of this traditional Lincolnshire market town. There are a wide range of facilities and amenities including the Marshalls Yard Retail and Leisure complex, along with the town centre, currently nearing completion of a comprehensive development scheme, including the Savoy Cinema complex. Gainsborough itself offers excellent access to the surrounding towns and the cities of Lincoln and Doncaster.
Description:
A traditionally constructed, 5 bedroom, semi detached house, ideal for investors and developers alike, offering versatile and well proportioned accommodation throughout.
The property will appeal to all corners of the property investment market, with the addition of a self contained former café premises to the rear of the residential property.
The property offers scope to add value for resale following renovation works, or the rental market with projected rent for a property of this size of circa £1200pcm (£14,400 per annum), and the commercial aspect at the rear gives scope for an additional £6000 per annum. The property has scope to achieve approximately £20,000 per annum in income overall.
Subject to planning permission being obtained, the house may also be suitable to split into flats or reconfigure for conversion to HMO.
Accommodation Ground Floor
Entrance Hallway
Sitting Room
Dining Room
Kitchen
First Floor
Bedroom 1
Bedroom 2
Bedroom 3
Ensuite Shower
Bathroom
Second Floor
Bedroom 4
Bedroom 5
Outside
Self contained former café premises and front and rear gardens.
Material Information Tenure:
The property is freehold. All prospective bidders should satisfy themselves of terms of the tenure, ground rent and service charge if applicable, by inspecting the legal pack.
Council Tax:
The property falls within West Lindsey District Council – BAND A
Possession:
Vacant possession will be given upon completion.
Viewing:
Strictly by appointment with Auction House.
Services:
Prospective purchasers are advised to make their own enquiries of the relevant statutory authorities. NB: Services, Apparatus and Equipment have not been tested by Auction House and therefore cannot be verified as being in working order. The buyer is advised to obtain verification from their Solicitor/Surveyor.
These particulars are believed to be correct but their accuracy is not guaranteed and they do not form any part of any contract. Information relating to Rating and Town and Country Planning matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate Authority. Information relating to Phone & Broadband can be found by visiting Ofcom. All measurements, areas and distances are approximate only. Potential purchasers are advised to check them.
Tenure: Freehold
EPC Rating: TBC
Important Notice to Prospective Buyers
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Buyers Premium
Non-refundable £1,500 inc VAT payable on the fall of the virtual gavel.
Administration Charge
Non-refundable £1,500 inc VAT of the purchase price, payable on exchange of contracts.
Disbursements
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
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- 5 Bedrooms
- Unconditional (Immediate Exchange)
Call the team on 01427 616436 for more information
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
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