2-bedroom terraced house · NG17 2AQ
Listing removedListed 167 days
Opportunity summary
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About
A TWO BEDROOMED TERRACE, BEING SOLD SUBJECT TO THE CURRENT TENANCY. THE TENANT HAS BEEN IN RESIDENCE FOR APPROXIMATELY 20 YEARS. RECENTLY AGREED RENT INCREASE TO £675PCM, PRODUCING 7% GROSS RETURN.
COMBINATION BOILER (FITTED 2022), UPVC DOUBLE GLAZING, EPC RATING D. HALLWAY, THROUGH LOUNGE/DINING ROOM, FITTED KITCHEN AND CELLAR. TWO BEDROOMS TO THE FIRST FLOOR AND BATHROOM WITH 3 PIECE SUITE.
OUTSIDE, ON STREET PARKING IS AVAILABLE ON NORTHERN VIEW (NO PERMIT). THERE IS A GARDEN TO THE REAR, WHICH IS MAINLY GRASSED. CONVENIENT LOCATION CLOSE TO SUPERMARKETS, SHOPS AND SCHOOLING.
WELL POSITIONED FOR ACCESS TO JUNCTION 28 OF THE M1 MOTORWAY AND A38. Viewing: - and further information through our Mansfield office on .
Alternatively, email Directions: - From Mansfield, proceed onto Sutton Road. As you enter Sutton, this then becomes Mansfield Road.
Fork right at the traffic lights, which is a continuation of this road. At the next lights, take the second exit onto Priestsic Road.
Turn right onto Northern View and the property is on the left-hand side. Accommodation Comprises - Entrance Area - UPVC front door. Hallway - Radiator. Stairs rising to the first floor.
Lounge/Dining Room - 7.47m x 3.40m (24'6 x 11'2) - UPVC double glazed aspect to both front and rear. Living flame gas fire with marble style hearth and insert. Two radiators. Access to the cellar.
Kitchen - 3.00m x 2.39m (9'10 x 7'10) - With fitted base and eye level units, work surfaces and stainless-steel sink unit and single drainer. Tiled flooring, radiator and UPVC back door and window.
Landing - Access to the loft space. Bedroom One - 4.01m to chimney breast x 3.71m (13'2 to chimney b - A large main bedroom, with double front aspect. Fitted wardrobes either side of chimney breast.
Radiator. Bedroom Two - 3.73m x 2.57m (12'3 x 8'5) - Radiator. UPVC double glazed rear elevation. Bathroom - Comprising panelled bath, wash hand basin and WC.
Cupboard housing the combination boiler, fitted in 2022 and coming with a 10 year guarantee. Outside - On street parking is available on Northern View. You do not require a permit.
There is a grassed garden to the rear of the property. The property is in council tax band A (Ashfield District Council). Financial Advice - We offer help and advice in arranging your mortgage.
Please contact this office. Written quotations available on request. YOUR HOME IS AT RISK IF YOU DO NOT KEEP REPAYMENTS ON A MORTGAGE OR OTHER LOAN SECURED ON IT.
Money Laundering - Under the Protecting Against Money Laundering and the Proceeds of Crime Act 2002, we must point out that any successful purchasers who are proceeding with a purchase will be asked for identification i.e.
passport, driving licence or recent utility bill. This evidence will be required prior to solicitors being instructed in the purchase or sale of a property.
As With All Our Properties - we have not been able to check the equipment and would recommend that a prospective purchaser should arrange for a qualified person to test the appliances before entering into any commitment.
MA5883/05.05.26
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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.
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About Northern View, Sutton-In-Ashfield
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