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5 bedroom house of multiple occupation for sale
Nursery Street, Mansfield NG18 2AG
£250,000
Nursery Street, Mansfield NG18 2AG
£250,000
Our Summary
- CASH BUYERS PREFFERED
Description
Yieldit is offering a newly renovated HMO in Mansfield, Nottinghamshire, with a potential 9% NET return from completion. The freehold property has been converted into a luxurious HMO with five spacious bedrooms, each with an ensuite shower room, and a communal kitchen with integrated appliances. The property is fully furnished and has full management in place. The area is undergoing regeneration, with plans for a mixed-use town centre, which is expected to increase the demand for rental properties. The property can generate a gross yield of 12.82% and a net yield of 9.13%, with a gross rent of £32,040 per annum. The property is ideal for cash buyers and is located just a 10-minute walk from Mansfield railway station, with regular services to Nottingham and Worksop.