QUOTE KO1462

New to the market, a four-bedroom HMO investment opportunity situated on Princess Street, Mansfield, Nottinghamshire.

The property offers an attractive proposition for investors looking to acquire a multi-let residential property in a well-connected market town, with individual room rentals providing multiple income streams.

Arranged over two floors, the property comprises four double bedrooms, three of which benefit from en-suite facilities, with the fourth bedroom served by a separate bathroom. The accommodation is complemented by modern shower rooms and communal kitchen, providing practical shared living space for residents.

Externally, the property is an end-terrace house with on-street parking and a small courtyard area to the rear

The property benefits from good transport links, with Mansfield bus station and railway station providing connections to surrounding towns and wider destinations. The town also benefits from road links towards the M1, making the area convenient for commuters and those travelling throughout Nottinghamshire and the East Midlands.

With access to everyday amenities, public transport and local employment opportunities, Mansfield provides a practical location for shared accommodation.

The property currently has the following room rental figures:

Room 1: £99.00 per week
Room 2: £120.00 per week
Room 3: £99.00 per week
Room 4: £109.00 per week
Total weekly rental income: £427.00

Potential annual rental income: £22,204.00, based on all four rooms being occupied and rented for 52 weeks.

The following property expenses have been provided:

Council Tax – Band A: £173.00
Water: £40.03
Gas and Electricity: £275.00
Broadband: £30.00
Total stated outgoings: £518.03 per billing period.

POTENTIAL GROSS RENTAL YIELD 14.33%

Book your viewing now or call to discuss further.

Terraced House for sale in Mansfield, Princes Street, Mansfield, NG18 5SL, 694 m²