3 bed terraced house for sale

5 Rectory Avenue, Gainsborough, Lincolnshire DN21

For sale by online auction on Tuesday, 24 Feb 2026 ending at 13:21

*online Unconditional Auction Opening 23 February 2025`*

To register for the legal pack and bidding, please visit our website:



Situation

The property is situate on Rectory Avenue, Gainsborough, a pleasant cul-de-sac location in the heart of this traditional Lincolnshire market town. There are a wide range of facilities and amenities within close proximity, including the Marshalls Yard Retail and Leisure complex, along with the town centre, currently nearing completion of a comprehensive overhaul and improvement project, including the development of the luxury Savoy Cinema complex. Gainsborough itself offers excellent access to the surrounding towns and the cities of Lincoln and Doncaster.

Description

A traditionally constructed, 3 bedroom mid terrace house, ideal for investors and developers alike, needing a scheme of renovation works throughout, but benefitting from versatile and well proportioned accommodation. There is significant scope to add value, with the most recent sale on the street achieving £90,000 in 2023. There is also strong local demand for rental properties in the area, and projected rents once renovated are approximately £700pcm (£8,400 per annum).

Accommodation

Ground Floor

Entrance Hallway

Sitting Room

Dining Room

Kitchen

Bathroom

First Floor

Bedroom 1

Bedroom 2

Bedroom 3

Outside

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

Portrait Video Tour
False

EPC Rating: F

Additional Fees
Buyers Premium: Non-refundable £1,800 inc VAT payable on the fall of the virtual gavel.

Administration Charge - Non-refundable £1,800 inc VAT payable on the fall of the virtual gavel.

Disbursments - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.