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1 bedroom flat for sale

Mansfield Road, Nottingham, Nottinghamshire, NG5

Sold STC £59,950

Property Description

Key features

  • Excellent investment opportunity
  • Close to city centre
  • Ideal buy to let
  • Currently tenanted at 4,920pa representing a gross yield of 8.21%
  • Close to local shops amenities
  • Off street parking
  • Periodic AST agreement
  • Leasehold

Full description

The subject property is located on the western side of Mansfield road (A60), offering easy access in to the city centre and Mansfield town to the north.

The property is just 1.5 miles north of Nottingham city centre and is serviced by regular bus services.

The popular residential areas of Sherwood and Carrington attract many young professionals wishing to be close to the cultural delights that Nottingham city centre has to offer.

There are many local amenities within walking distance to the property including shops, bars, Lidl supermarket and local schooling options.

Nottingham railway station provides regular access up and down the country.

The flat is on the second floor of this converted Edwardian period property.

Access to the flat is via a communal entrance and stairwell to the second floor.

The internal accommodation comprises spacious living room with Velux type windows, providing good natural light, and a feature electric fire.

There is a separate fitted kitchen, with white base and eyel level cupboards and work surfaces, sink and drainer and space for freestanding appliances.

The spacious double bedroom is located at the rear of the property having two windows overlooking the yard area.

The modern family bathroom has a low flush WC, wash hand basin and bath with overhead shower facilities.


Total 39m2 419ft2

We understand the property is connected to mains electric and water and drainage.


Investment Analysis
The property is currently being let on an AST for 4,920pa representing a gross yield of 8.21%.

Council Tax
The property is rated in Council Tax Band A. Council Tax payable (2016/2017) is 1180.72 pa

Service Charge and Ground Rent
We are advised the service charge and ground rent payable is approximately 750 per annum.

*Guide Price


More information from this agent

Listing History

Added on Rightmove:
21 October 2016

Map & Street View

Disclaimer - Property reference 405mansfieldroadflt5. The information displayed about this property comprises a property advertisement. 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 John Pye Property, Nottingham . 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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*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call John Pye Property, Nottingham on 0115 970 6060.

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