Opportunity to purchase a property in Sutton-in-Ashfield generating £7,200 rent pa & gross yield of 8.2%
£88,000
Semi-detached House
VES-NG17-003
INITIAL INVESTMENT
£27,140
Based on
deposit: £22,000
stamp duty: £2,640
mortgage fees: £1,500
conveyancing fees: £1,000
GROSS RENT
£7,200
GROSS YIELD
8.2%
The property
TENANCY
Tenanted
TENURE
Freehold
2 bedrooms
2 bathrooms
2 reception rooms
904
Unfurnished
Property information
- Spread over 2 floors the property comprises:
- 2 x bedrooms
- Dining room
- Sitting room
- Kitchen
- 2 x bathrooms
- Access to the rear garden via the kitchen
- External store with access from the garden
- The vendor carried out refurbishment works, see details below
- EPC rating E
- Council tax band A
- Monthly rental income £600
Refurbishment information
The vendor carried out the following works on the property:
- New roof
- New boiler
- New kitchen
- 1 new bathroom on the top floor
- Installation of a new log burner fireplace
Location information
- The property is located in the Stanton Hill area of Sutton-in-Ashfield
- The town centre is around 1.8 miles from the property
- There is a bus stop a short walk from the property with regular services
- A local convenience store is just a 2-minute walk away
Note
Please note that Vesta has not visited this property and the vendor has provided all material.
Floorplans
Documents available on request, please contact for viewings or further questions.
The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.
Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.
About Sutton-in-Ashfield, Nottinghamshire
Sutton-in-Ashfield is a market town in Nottinghamshire and lies around 4 miles west of Mansfield and 12 miles north of Nottingham.
The town is well connected by road with the M1 motorway and Junction 28 just 2 miles away leading to London and Leeds. It can be accessed via the A38 whose bypass runs through most of the town to the east. The A38 runs from Bodmin in Cornwall to Mansfield.
Sutton Parkway railway station lies around 2 miles outside of town and is on the Robin Hood Line with trains running to Worksop and Nottingham.
The sundial in the middle of Portland Square was once the larges sundial in Europe and is a local landmark. The Sherwood Observatory is an amateur astronomical observatory located on the B6139 and is run by the Mansfield and Sutton Astronomical Society.
For outdoor lovers there is the Kings Mill reservoir which is home to the Mill Adventure Base which offers a range of adventure activities on land and water for children aged 11-19. The Kings Mill Reservoir is also a nature reserve as is Brierley Forest Park which holds the Green Flag Award.
The centre of town offers many shopping opportunities from well-known high street brands as well as independent retailers. The Idlewells Shopping Centre offers further retailers as well as an indoor market.
In 2020 Amazon created a new warehouse and distribution facility on the outskirts of Sutton-in-Ashfield with the promise to provide 1,000 local jobs. Further job opportunities can be found in nearby Mansfield and Nottingham.
Co-Operative Street,
Stanton Hill,
Sutton-in-Ashfield,
Nottinghamshire,
England,
NG17 3HB
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