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Layton Avenue, Mansfield, Nottingham

PROPERTY TYPE

House Share

BEDROOMS

5

BATHROOMS

4

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Key features

  • 5 Bedroom Professional HMO
  • Gross Income of £28,950 @ 11.56% yield
  • 0.4 miles from Mansfield Train Station
  • Dense Residential Location
  • HMO Licence renewed December 2022
  • Managed by Pinewood for Several Years
  • Spacious Ground Floor Kitchen
  • Dining Room, Utility and WC
  • Freehold
  • Council Tax Band: A

Description

Pinewood Properties are delighted to present this renovated HMO investment opportunity. The property has been converted into 5 x units, some with Ensuites producing c. £28,950 pa for a gross yield of 11.56%.

Mansfield is a large market town with a population of over 100,000, set around 12 miles north of Nottingham City Centre. It lies around 6.8 miles east of the M1, has a train station on the Robin Hood Line along with regular bus routes to Nottingham City.

The property is a Three Storey 1920’s Semi-Detached property, consisting of 5 units with 1 unit from the original entrance and the remaining 4 units set over a further 2 floors. The property has been excellently renovated with significant attention to detail. Two units benefit from their own Ensuite shower rooms, the ground floor has its own shower cubicle and 2 units on the first floor share a stunning shower room.

The ground floor has a superb kitchen and dining room, the kitchen has a range style cooker along with a standard hob and oven giving plenty of space to cook and prepare food. Just off the kitchen is a handy utility with pay meter washing machines and a ground floor WC.
The vendor has achieved full occupancy following its renovation, producing the below income;

Room No 1 - £460 pcm
Room No 2 - £425 pcm
Room No 3 - £430 pcm
Room No 4 - £480 pcm
Penthouse Room No 5 - £615 pcm
Summary income = £2410 pcm (£28,950 pa)

The property received a new HMO license, set to expire in 2026 (new owners would need to re-apply). The property is not located in an area with Article 4 and the property has full building control sign off. The vendor would also offer to retain management services should they be requested.
Pinewood have managed this property along with the landlords for several years and think this is one of the best of its kind, please contact the office for further details.

Brochures

Layton Avenue, Mansfield, NottinghamBrochure
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Band: A
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Layton Avenue, Mansfield, Nottingham

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About Pinewood Properties, Clowne

26 Mill Street Clowne S43 4JN
Industry affiliations:Industry affiliation logo 0Industry affiliation logo 1Industry affiliation logo 2

We are a local, independent firm specialising in Residential Lettings and Property Management. As specialists, we are fully focused on the priorities and needs of Landlords and Tenants. Unlike estate agents, our loyalties are not divided by dealing with property sales and mortgages. We can help and offer advice on taking the first steps to getting your ‘buy to let’ mortgage. We are there right from the very first phone call, through to finding a suitable tenant, and then managing the property for you.

We can do all the work, relieving you of all the hassle and worry throughout. You can just sit back, relax and then reap the benefits.

If we can be of assistance in any way please do not hesitate to contact us by email, telephone or fax.

We are a local, independent firm specialising in Residential Lettings and Property Management. As specialists, we are fully focused on the priorities and needs of Landlords and Tenants. Unlike estate agents, our loyalties are not divided by dealing with property sales and mortgages. We can help and offer advice on taking the first steps to getting your 'buy to let' mortgage. We are there right from the very first phone call, through to finding a suitable tenant, and then managing the property for you.

We can do all the work, relieving you of all the hassle and worry throughout. You can just sit back, relax and then reap the benefits.

If we can be of assistance in any way please do not hesitate to contact us by email, telephone or fax.

Your mortgage

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Monthly repayments
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Disclaimer - Property reference 33379295. 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 Pinewood Properties, Clowne. 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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