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3 bedroom end of terrace house for sale
Spencer Street, Nottinghamshire, NG18 5
£110,000
Spencer Street, Nottinghamshire, NG18 5
£110,000
Our Summary
- 1% YIELD* Mooved are proud to present this fantastic investment opportunity on Spencer Street, Mansfield, NG18 – a freehold end-terrace property thoughtfully converted into two self-contained residential units
- 736 sq ft):A generously sized one-bedroom flat offering a spacious reception room, separate kitchen, bathroom, and access to a large basement/cellar with subdivided spaces – ideal for storage or conversion (subject to planning)
- While functional and fully let, the unit offers clear scope for refurbishment to increase rental yield or future resale value
- Investment Summary:Both units are tenanted, providing immediate income, with scope for value uplift through further cosmetic modernisation in the upper unit
- With one flat already well-presented and tenant-ready, and the other offering a solid renovation project, this property combines the benefits of passive income and active asset management
Description
Mooved presents this fantastic investment opportunity on Spencer Street, Mansfield, NG18, a freehold end-terrace property converted into two self-contained residential units. Sold with tenants in situ, this property offers instant rental income and strong future capital growth. The property is located in a well-established residential area, just a short walk from the town centre, train station, and local amenities, with excellent transport links and a consistently strong rental market. The property is split into a one-bedroom flat on the ground floor, currently let and generating income from day one, and a two-bedroom maisonette on the first and second floors, which offers scope for refurbishment to increase rental yield or future resale value. With a 10.1% yield, this property is an excellent opportunity for hands-on investors or portfolio landlords looking to acquire a fully-let dual-unit freehold in a high-demand East Midlands rental market.