Offers in region of
£230,000
6 bed terraced house for saleLea Road, Gainsborough DN21
6 beds
2 baths
1 reception
EPC Rating: E
- Freehold
.png){kind=logo}
About this property
6 Bedroom licensed HMO
Full occupation rental income of £2850pcm
Projected ROI of 15.5% at full occupancy
Light Refurbishment required to some rooms
Communal Living/Dining Room
2 x Shared Bathrooms
2 x Shared kitchens
Additional W/C
150 Square meters of floorspace
*Buyer's Premium Applies
Located in Gainsborough, this 6 Bedroom HMO is an ideal choice for those seeking a high-yield investment. The property is currently configured as a house in multiple occupation (HMO) with six bedrooms, offering ample space for tenants. The communal living/dining area provides a comfortable space for socialising, while two shared bathrooms and two kitchens cater to the needs of all residents.
The property spans 150 square meters, providing plenty of room for tenants to enjoy. An additional W/C adds convenience for occupants. While some rooms require light refurbishment, the potential rental income and projected ROI make this an attractive option for investors willing to undertake minor improvements.
Gainsborough offers a range of local amenities and transport links, making it an appealing location for tenants. The town's community and accessibility can attract a steady stream of occupants, further enhancing the investment potential.
*A buyer's premium of 1% + VAT, (subject to a minimum of £2995 + VAT) of the agreed sale fee applies to this property. 25% of the total fee (a minimum of £995 + VAT) must be paid to secure the property and the remainder is payable upon exchange of contracts. Terms and conditions apply, please see the 'Buyer's Premium' page on our website for more information
Zoopla insights
Sign in and gain expert analysis to make informed decisions.
Stamp duty calculator
Our instant calculator helps you understand how much stamp duty is due on property purchases in England & Northern Ireland. Read the latest stamp duty news
This calculation is intended as a guide only. We are unable to provide financial advice, so it's important to consult with an adviser. It applies to UK residents purchasing residential properties in England and Northern Ireland, but does not apply if the purchase is made through a company.