Nursery Street, Mansfield NG18 2AG

CASH BUYERS PREFFERED! yieldit are pleased to bring to the market this opportunity to invest in a spectacular newly renovated HMO which is fully tenanted and can generate you an impressive 9% NET return from completion, with full management in place. The freehold property has been converted into a high-standard HMO consisting of five spacious bedrooms with ensuite shower rooms, fully furnished with beds, drawers and wardrobes. The property is finished to an impeccable standard throughout and has a luxurious communal kitchen with integrated appliances.

The property is ideally situated in the very much up-and-coming area of Mansfield, Nottinghamshire. It’s just a short 10-minute walk from Mansfield railway station which provides regular services to Nottingham and Worksop in around 30 minutes and with the M1 motorway within easy reach, it is the ideal accommodation for commuters with Nottingham city centre being just a 40-minute drive away.

Investing in property in Mansfield is a brilliant idea, The Office for National Statistics shows that in the last year alone there has been an impressive 78% increase in the average property value in the town and an ambitious scheme of regeneration worth £17million is sure to only contribute to the desirability of the area. Plans include a mixed-use town centre with more eateries, workspace, employment opportunities, and cultural, leisure and educational uses which will increase the number of visitors, boost the economy and drive up the demand for rental properties so now is the perfect opportunity to invest!

This property may fall within a selective licensing area where charges may apply.

Financial Breakdown

Gross Rent: £32,040.00
Net income: £22,448.00
Gross yield: 13.35%
Net yield: 9.35%
Please contact agent for full financial breakdown.

IMPORTANT NOTE TO PURCHASERS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

yieldit ref: YL-07994