Mansfield, NG21 0SP | Investment Property for Sale | VES-NG21-002

Semi-detached house in Mansfield generating £5,100 in rent per annum & a gross yield of 5.7%

£90,000

Semi-Detached House

VES-NG21-002

INITIAL INVESTMENT

£42,100

GROSS RENT / YIELD

£5,100 / 5.7%

NET RENT / YIELD

£3,917 / 4.4%

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The property

TENANCY

Tenanted

TENURE

Freehold

3 bedrooms

1 bathroom

1 reception room

773

Unfurnished

Tenancy

RENT

£5,100 p.a. / £425 pcm

TENANCY DEPOSIT

£0

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

9 months ago

TENANCY AGREEMENT ENDS

Periodic

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to the property is supplied by the vendor and the latest available at the date of listing.

Certain information may expire or become inaccurate over time and should be verified by the purchaser’s solicitor.

Financials

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Rental Income

GROSS RENT PER ANNUM

£5,100

Equivalent of £425 per calendar month (PCM).

GROSS RENTAL YIELD

5.7%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£3,917

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

4.4%

Gross rent per annum minus fully managed operating costs divided by the purchase price.

FULLY MANAGED OPERATING COSTS

£1,183

The total estimated sum of expenses calculated annually assuming a fully managed service.

Click to understand assumptions.

Disclaimer

All financial information is provided as a guideline only, is based on estimates and assumptions and is subject to change. Buyers are advised to seek independent financial advice. Capital at risk.

About Mansfield, Nottinghamshire

Mansfield is a market town in the county of Nottinghamshire in the East Midlands of England. This town is situated 12 miles north of Nottingham, 27 miles south of Sheffield and 32.4 miles north west of Lincoln.

This area is serviced by Mansfield railway station which is on the Robin Hood Line and is managed by East Midlands Trains. From this station there is a half-hourly service to Nottingham southbound and to Mansfield Woodhouse northbound which continues on to Workshop. There is also one daily service on Monday to Fridays from Mansfield Woodhouse direct to Norwich.

Mansfield still retains its market town history with its thriving market square that is at the heart of the commercial and retail centre. In the surrounding areas one can find museums, the Palace Theatre and a variety of restaurants, fast-food outlets, pubs, bars and nightclubs. The main shopping centre in town is the indoor Four Seasons, with over 50 retail units occupied by a selection of the nation’s favourites, phone shops and a large department store. The Rosemary Centre, which is a pedestrianised area just off the centre of town offers more retail options over its three outdoor retail parks and numerous supermarket options.

There are many big employers in Mansfield that make up some of the top companies in Nottinghamshire and are constantly recruiting people in the local area. Big employers such as Sports Direct, W&J Linney, Havelock Europa and Glenair UK all operate their businesses from locations in Mansfield.

This location could be ideal for a young family looking for schooling options for their children. A primary school in this area is Blidworth Oaks Primary School, which educates children from the ages of two to eleven. For those looking for educational institutions that cater to older children there is The Joseph Whitaker School which offers mixed-sex schooling from eleven to eighteen. Alternatively, there is an independent school called R.E.A.L that has limited spaces for children from the age of seven to nineteen.

Thorney Abbey Road,

Blidworth,

Mansfield,

Nottinghamshire,

England,

NG21 0SP

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Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

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