Princes Street, Mansfield, NG18 5SL
- PROPERTY TYPE
Terraced
- BEDROOMS
4
- BATHROOMS
4
- SIZE
694 sq ft
64 sq m
- 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
- QUOTE KO1462
- Four-bedroom HMO arranged over two floors
- Three bedrooms with en-suite facilities
- Separate bathroom serving the fourth bedroom
- Communal kitchen facilities
- On-street parking
- Convenient access to Mansfield town centre and transport links
- Potential annual gross rental income of £22,204
- Being sold with tenants in situ
- POTENTIAL GROSS RENTAL YIELD 14.33%
Description
QUOTE KO1462
New to the market, a four-bedroom HMO investment opportunity situated on Princess Street, Mansfield, Nottinghamshire.
The property offers an attractive proposition for investors looking to acquire a multi-let residential property in a well-connected market town, with individual room rentals providing multiple income streams.
Arranged over two floors, the property comprises four double bedrooms, three of which benefit from en-suite facilities, with the fourth bedroom served by a separate bathroom. The accommodation is complemented by modern shower rooms and communal kitchen, providing practical shared living space for residents.
Externally, the property is an end-terrace house with on-street parking and a small courtyard area to the rear
The property benefits from good transport links, with Mansfield bus station and railway station providing connections to surrounding towns and wider destinations. The town also benefits from road links towards the M1, making the area convenient for commuters and those travelling throughout Nottinghamshire and the East Midlands.
With access to everyday amenities, public transport and local employment opportunities, Mansfield provides a practical location for shared accommodation.
The property currently has the following room rental figures:
Room 1: £99.00 per week
Room 2: £120.00 per week
Room 3: £99.00 per week
Room 4: £109.00 per week
Total weekly rental income: £427.00
Potential annual rental income: £22,204.00, based on all four rooms being occupied and rented for 52 weeks.
The following property expenses have been provided:
Council Tax – Band A: £173.00
Water: £40.03
Gas and Electricity: £275.00
Broadband: £30.00
Total stated outgoings: £518.03 per billing period.
POTENTIAL GROSS RENTAL YIELD 14.33%
Book your viewing now or call to discuss further.
- 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.
- On street
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- 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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Visit our security centre to find out moreDisclaimer - Property reference S1894234. 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 eXp UK, East Midlands. 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.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.