2-bedroom flat · NG19 6SA
For saleListed 27 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
TO BE SOLD BY ONLINE AUCTION ON 21 ST – 22 ND OCT UNLESS SOLD PRIOR UNDER AUCTION TERMS.
12 & 12A George Street, Mansfield, NG19 6SA An excellent opportunity for investors to acquire an end-terraced property currently arranged as two self-contained one-bedroom flats, both of which are sold with tenants in situ and provide an immediate rental income.
Held under one title, the property currently produces a combined rental income of £1,000 PCM / £12,000 per annum, offering an attractive proposition for those looking to add to or expand an existing rental portfolio.
The first-floor flat, accessed via its own entrance to the front, is understood to be presented in comfortable condition and is currently let at £550 PCM.
The ground-floor flat benefits from its own separate side entrance together with a good-sized rear garden.
The accommodation offers scope for improvement and enhancement, providing the potential to add value and potentially increase the rental return in the future. This flat is currently let at £450 PCM.
Both tenants are understood to be reliable, with rent paid on time, and are happy to accommodate viewings by prior arrangement.
A ready-made investment with income from day one, together with further potential to enhance the property and rental returns. Please note: Edward Mellor has not inspected the property internally.
The property information and photographs have been provided by the vendor and interested parties should satisfy themselves as to the accommodation, condition and all other relevant details prior to bidding.
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About 12, & 12A George Street, Mansfield, NG19 6SA, Mansfield
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