30 Lewis Street, Gainsborough DN21 2AB

Property Overview

30 Lewis Street, Gainsborough, DN21 2AB is a two-bedroom terraced house offered freehold at a guide price of £15,000 plus fees. The property is described as having traditionally constructed accommodation, double glazing and central heating, with scope to add value or generate rental income. Occupancy information has not been supplied.

Accommodation

• Ground floor: Lounge, dining kitchen and utility room.
• First floor: Bedroom 1, bedroom 2 and family bathroom.
• Outside: Front and rear gardens.
• Heating: Central heating.

Location

The property is situated on Lewis Street in a central location in Gainsborough, a traditional Lincolnshire market town. Local facilities include the town centre and Marshalls Yard Retail & Leisure complex. Gainsborough provides access to Scunthorpe, Retford, Lincoln and Doncaster.

Tenure & Key Information

• Tenure: Freehold.
• Property type: Terraced house.
• Council Tax: West Lindsey Council – Band A.
• EPC: Not supplied.
• Lease information: Not supplied.
• Parking information: Not supplied.
• Interested parties should make their own enquiries with the relevant authorities regarding the availability of services. Services, apparatus and equipment have not been tested by Auction House and cannot be verified as being in working order.

Auction & Buyer Charges

• Guide price: £15,000 plus fees.
• Auction date: 05 October 2026.
• Auction time: 13:00.
• Buyer premium: Not supplied.
• Administration charge: £3,600 including VAT, payable on exchange of contracts.
• Disbursements: Please see the legal pack for any disbursements that may become payable by the purchaser on completion.

Investment Analysis

HB estimates only: no dependable market value or GDV can be established from the supplied evidence. The £15,000 guide price is not evidence of market value. Based on the auctioneer’s estimated rent of £650 pcm (£7,800 per annum), the indicative gross yield is 52.0% at the guide price. Including the known £3,600 administration charge only, the cost becomes £18,600 and the indicative gross yield is 41.9%. These are guide-price calculations, not valuation conclusions. Refurbishment costs, occupancy and other purchase fees are unknown.

Sold Comparables

HM Land Registry sold data supplied for the following terraced freehold properties in Hull. These are not direct Gainsborough comparables and their relevance is limited.

Property	Sold price	Sold date	Type	Tenure
3, Kilton Court, Hull, HU8 9FE	£105,000	30 July 2024	Terraced	Freehold
5, Kilton Court, Hull, HU8 9FE	£108,500	16 June 2023	Terraced	Freehold
15, Kilton Court, Hull, HU8 9FE	£125,000	23 October 2020	Terraced	Freehold
24, Kilton Court, Hull, HU8 9FE	£109,000	1 February 2019	Terraced	Freehold
3, Kilton Court, Hull, HU8 9FE	£96,000	21 September 2018	Terraced	Freehold

Rental Evidence

No separate advertised rental evidence was supplied. The auctioneer estimates that properties in good order in the area achieve circa £650 pcm (£7,800 per annum). This is an estimate, not achieved or passing rent.

Strategy & Risks

Proceed only subject to inspection, confirmation of vacant or tenanted status, and a full fee and refurbishment assessment. Do not rely on the Hull comparables to justify bidding. A maximum bid cannot be calculated reliably without a supported market value, refurbishment budget and investment return target.

• No occupancy information supplied.
• Rental figure is an auctioneer estimate for properties in good order, not achieved or passing rent.
• Sold comparables are located in Hull, not Gainsborough, limiting their relevance.
• Refurbishment costs and property condition are unknown.
• Buyer premium and other purchase costs are not supplied; only the £3,600 administration charge including VAT is known.
• The guide price is not evidence of market value.