26 Bilborough Road, Mansfield, Nottinghamshire, NG18 2NZ
- PROPERTY TYPE
Apartment
- BEDROOMS
10
- BATHROOMS
10
- SIZE
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- TENUREDescribes 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
- By appointment with the auctioneers
Description
BUY TO LET: A VACANT FREEHOLD BUILDING SUITABLE FOR HMO LETTING WITH POTENTIAL GROSS ANNUAL INCOME OF £62,000. A YIELD OF 17.7% OF THE GUIDE PRICE
A Newly refurbished vacant 10-bedroom HMO offering a modern, energy-efficient investment property. The building is split into three flats that together provide ten spacious en-suite bedrooms, each equipped with a Smart TV, private bathroom with electric shower, and its own readable electric meter for clear usage monitoring. Each flat benefits from a fully fitted and furnished kitchen complete with two fridge freezers, a double electric oven and an induction hob. It is considered that when fully let the property should generate an annual income of approximately £62,000 which represents a gross yield of over 17.5% of the guide price.
Total floor area measures approximately 2378 square foot across three flats providing a total of 10 spacious bedrooms all with en suite shower rooms. Each flat benefits from a fully fitted and furnished kitchen complete with two fridge freezers, a double electric oven and an induction hob.
Ground Floor
Flat 1- 700 Sq Ft- 2 x double & 1 x single room all with en suites
Flat 2- 830 Sq Ft- 1 x Double plus single, 1 x double & 1 x Single all with en suites
First Floor
Flat 3- 850 Sq Ft- 2 x Double & 1 x Single Rooms all with en suites.
The property also includes a fully wired fire alarm system, emergency lighting, and sensor-activated lighting in all communal areas and bathrooms for added safety and energy efficiency. The entire building runs on a fully electric system, including WiFi-integrated heating that can be remotely controlled by the landlord. Superfast WiFi is installed throughout and there is also private off-road car park for five vehicles plus a visitor space and 10 secure bike racks.
We are advised by the seller that the local authority have suggested they have tenants awaiting to be housed and that the following all inclusive rents would be offered.
Flat 1- Room 1- £105 per week (£5460 Per Annum)
Flat 1- Room 2- £125 per week (£6500 Per Annum)
Flat 1- Room 3- £125 per week (£6500 Per Annum)
Flat 2- Room 1- £145 per week (£7540 Per Annum)
Flat 2- Room 2- £125 per week (£6500 Per Annum)
Flat 2- Room 3- £105 per week (£5460 Per Annum)
Flat 3- Room 1- £125 per week (£6500 Per Annum)
Flat 3- Room 2- £125 per week (£6500 Per Annum)
Flat 3- Room 3- £105 per week (£5460 Per Annum)
Flat 3- Room 4- £105 per week (£5460 Per Annum)
Total- £1190 per week (£61,880 Per annum)
Flat 1 - E, Flat 2 - E, Flat 3 - E
Brochures
Legal Documents- 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.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
26 Bilborough Road, Mansfield, Nottinghamshire, NG18 2NZ
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Visit our security centre to find out moreDisclaimer - Property reference 336515. 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 Dedman Gray Auctions, Essex. 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.
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 Dedman Gray Auctions, Essex on 01702 311010.
*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.”
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