3 bedroom terraced house for sale
Key information
Features and description
- Tenure: Freehold
- Traditional bay fronted three bedroomed terrace
- Currently let at £650 per calendar month
- Requires a scheme of modernisation
- Current yield of 10% based on guide price
Introducing this traditional bay fronted three bedroomed terrace on Sadler Street, Mansfield. Situated just a short stroll away from Mansfield town centre, this property offers a fantastic investment opportunity. Currently let at £650 per calendar month, with a potential yield of 11.5% based on the guide price, this home is perfect for those looking to add to their property portfolio.
In need of some modernisation, this property has great potential for enhancement, with the possibility of increasing the rental income to £800 per month. The layout includes a bay front lounge, separate diner leading to the kitchen, a downstairs WC and utility room. Upstairs, you will find two double bedrooms, a single bedroom, and a room with a bath. Outside, there is an enclosed low maintenance rear garden, perfect for relaxing or entertaining.
Located in the NG19 postcode area, this property is conveniently situated for easy access to local amenities, shops, and transport links. Mansfield town centre offers a variety of shopping options, restaurants, and entertainment venues. With nearby parks and green spaces, residents can enjoy the outdoors and stay active.
Don't miss out on this fantastic opportunity to own a property with great potential in a prime location. Contact us today to arrange a viewing and see the possibilities this home has to offer.
Buyers Premium
A buyer’s premium is an additional charge that successful bidders are required to pay on top of their final bid price at a property auction. This fee is typically a percentage of the final bid and is paid directly to the auction house. It serves as a kind of commission for the auctioneer’s services. The exact percentage can vary depending on the auction house. At Palace Auctions our buyers premium on Property (Real Estate sales) is normally £5000 plus vat. It is usually clearly stated in the auction’s terms and conditions. It’s crucial for bidders to factor in the buyer’s premium when determining their maximum bid, as it significantly affects the total cost of the property.
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