Ashcroft Road

Key Features:

• Current Rental: £650 PCM
• Gross Yield: Approx. 10.4%
• Two Bedrooms + Attic Room
• Mid-Terrace Freehold Property
• Tenant In Situ – Ideal Investment
• No Onward Chain
• Council Tax Band A

Property Description:

This spacious two-bedroom mid-terrace home, with an additional converted attic room, presents a superb turnkey investment in the heart of Gainsborough. With a reliable tenant in situ and generating £650 per calendar month, this property offers an excellent gross yield of 10.4% based on the asking price of £75,000.

Internally, the property offers a modern kitchen diner, spacious lounge, three-piece shower room, and a bright attic room ideal for additional living or storage space. It is conveniently located close to schools, amenities, and public transport links.

Accommodation Details:

Entrance Porch
1.15m x 0.71m (3’9″ x 2’4″)
Fitted carpet, front-facing window, and access to lounge.

Lounge
3.53m x 4.48m (11’7″ x 14’8″)
Carpeted with front-facing window, radiator, and storage cupboards.

Kitchen / Diner
3.36m x 5.69m (11’0″ x 18’8″)
Fitted with wall/base units, integrated oven and hob with extractor, breakfast bar, space for white goods, stainless steel sink and mixer tap. Vinyl flooring, rear window, and staircase to first floor.

Rear Hallway
1.4m x 0.81m (4’7″ x 2’8″)
Provides access to garden and shower room.

Shower Room
1.4m x 2.19m (4’7″ x 7’2″)
Modern suite with WC, hand basin, rainfall shower, heated towel rail, vinyl flooring, and side window.

First Floor Landing
Fitted carpet and access to bedrooms.

Bedroom One
3.57m x 3.61m (11’9″ x 11’10”)
Generous front-facing double bedroom with carpet and radiator.

Bedroom Two
2.53m x 3.34m (8’4″ x 10’11”)
Rear-facing, with boiler cupboard, carpet, radiator, and stairs to attic room.

Attic Room
3.24m x 2.71m (10’8″ x 8’11”)
Versatile space with carpet, radiator, and window to front – perfect for an office or hobby room.

Exterior

• Rear Courtyard: Private, low-maintenance space.
• Front Garden: Modest front garden adds curb appeal.

Investment Breakdown:

• Asking Price: £75,000
• Rental Income: £650 PCM / £7,800 PA
• Gross Yield: 10.4%
• Tenancy: Tenant in situ (AST – details available on request)
• Council Tax Band: A
• Comparable Property Sales – click HERE

Why Invest in Gainsborough?

Gainsborough is a growing Lincolnshire market town with increasing interest from investors and first-time landlords. It offers excellent rental returns, affordability, and infrastructure investment.

Market Growth

• Average Property Price in 2015: £95,000
• Average Property Price in 2025: £135,000
• 12-Month House Price Growth: Approx. +5.2%
• 12-Month Rental Growth: Approx. +6.1%

Key Investment Drivers:

• Low entry cost with high yields
• Strong tenant demand from commuters and young families
• Ongoing town centre regeneration
• Excellent transport links to Lincoln, Doncaster, and Scunthorpe