3 bedroom apartment for sale

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3 bedroom apartment for sale

Southwell Road East, Mansfield, NG21 0
£110,000

Our Summary

  • The layout supports future rental uplift through light refurbishment or redecoration, should an investor choose to reposition the unit for increased yield
  • This unit is also currently tenanted and generating income, with similar scope for future improvement to boost returns
  • For investors looking for a stable income-producing asset with potential for capital appreciation, this property represents an efficient addition to any portfolio
  • Cosmetic modernisation offers a clear value-add strategy, without the need for major structural work

Description

Mooved presents a freehold investment asset on Southwell Road East, Rainworth, Mansfield, comprising two self-contained residential flats with tenants in situ. The property generates immediate dual-income returns, with a total income of £789 PCM and a total yield of 8.6% based on market value. The ground floor flat has one bedroom, lounge, kitchen, and separate WC and shower room, while the first-floor flat features two bedrooms, living room, kitchen, and bathroom. Both units are in tenant-occupied condition and have private access and separate metering, making it an ideal opportunity for investors seeking a low-maintenance, dual-income residential asset. The location has strong rental demand due to its proximity to Mansfield town centre, retail parks, and local amenities, and the property's corner plot enhances long-term tenant retention. With potential for cosmetic modernisation and stable rental yields, this property represents an efficient addition to any portfolio for investors looking for a stable income-producing asset with potential for capital appreciation.