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2 bedroom flat for sale

Thorndike Mews, King Street East, Gainsborough

£46,995

Property Description

Key features

  • INVESTMENT OPPORTUNITY
  • Currently Let at £375pcm
  • Approx. 9.5% Yield
  • 2nd Floor Flat
  • Range of Furniture included.
  • Lounge & Kitchen
  • 2 Bedrooms & Bathroom
  • Allocated Parking
  • Communal Outside Space
  • EPC Energy Rating - C

Full description

Tenure: Leasehold

INVESTMENT OPPORTUNITY. An opportunity to purchase a second floor, two bedroom flat situated close to the town centre of Gainsborough. The property is current let out on an on-going short hold assured tenancy achieving £375pcm, offering a potential yield of approx. 9.5%. The property has an allocated parking space and outside communal area and living accommodation to briefly comprise of Entrance Hall, Lounge, Kitchen, Two Bedrooms and Bathroom.  

LOCATION Gainsborough is a historical market town situated along the river Trent and has a wide range of local amenities within the town and Marshalls Yard retail complex. Gainsborough good road access and rail links to Scunthorpe, Lincoln and Retford. There is also excellent schooling with Gainsborough Grammar Schools close by.
Service charge £48 per month which includes building insurance, repairs, lighting, roofing and up keep of communal areas.

999 Year Lease

All light fittings and flooring are to be included in the sale.  

COMMUNAL ENTRANCE HALL With stairs to all floors. 

ENTRANCE HALL With access to roof void, laminate flooring and doors to two bedrooms, bathroom and lounge. 

LOUNGE 13' 10" x 9' 11" (4.22m x 3.02m) , with bay window, radiator, coving to ceiling, opening to kitchen and curtains, curtain rail, TV entertainment unit, matching side board, 40" Plasma TV with built in DVD player and sofa are included in the sale.  

KITCHEN 8' 5" x 7' 10" (2.57m x 2.39m) , with window with Venetian blind (included in the sale), fitted with a range of wall, base units and drawers with work surfaces over, stainless steel sink unit and drainer, tiled splashbacks, radiator, wall mounted gas fired central heating boiler and the fridge, freezer and washing machine are included in the sale.  

BEDROOM 1 9' 7" x 9' 5" (2.92m x 2.87m) , with UPVC double glazed window, built-in wardrobes, radiator and the Tallboy wardrobe and drawers are included in the sale. 

BEDROOM 2 8' 6" x 7' 10" (2.59m x 2.39m) , with UPVC double glazed window, radiator and bunk bed and tall single wardrobe are included in the sale.  

BATHROOM 8' 5" x 5' 2" (2.57m x 1.57m) with UPVC double glazed window with blind (included in sale), suite to comprise of low level WC, wash hand basin and bath with shower over, partly tiled walls and radiator.  

OUTSIDE There is an allocated parking space. 


More information from this agent

Listing History

Added on Rightmove:
02 October 2017

Nearest stations

  • Gainsborough Central (0.5 mi)
  • Gainsborough Lea Road (0.6 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

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To view this property or request more details, contact:

Mundys, Lincoln

29 Silver Street, Lincoln, LN2 1AS

01522 418031 Local call rate

How much will it cost me to call the number displayed on the site?

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Map & Street View

Nearest stations

  • Gainsborough Central (0.5 mi)
  • Gainsborough Lea Road (0.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Mundys, Lincoln

29 Silver Street, Lincoln, LN2 1AS

01522 418031 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 102125013772. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Mundys, Lincoln. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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