2-bedroom flat · NG19 7SE
Listing removedReduced £5k (−5%) on 21 JunListed 250 days
Opportunity summary
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About
Cant afford A bungalow? Ground floor maisonette . . Two double bedrooms . . Kitchen-diner . . Gardens front and rear.
Accommodation comprising; entrance hall, lounge, kitchen-diner, two double bedrooms and bathroom. Outside there is a lawned garedn to the front (potential driveway) and an enclosed garden to the rear.
The property is well presented and benefits from double glazing and gas central heating. The property is available to all buyers.
However the property is currently rented and would love to stay if sells to a buy to let investor. She has been there for 8 years and never missed a payment.
She currently pays £550 pcm but is aware that market value rent is £725 pcm. The yield is 8.2% based on rent of £725 pcm and a purchase price of £105,000.
The current tenant can comfortably pay £650 pcm. The management company is Mansfield District Council and the lease was 125 years from June 2000 so expires June 2125.
The current annual ground rent is £10.00 and annual service charge £250.18.
Pleasley is a rural area which is a small and beautiful village in between Mansfield and Chesterfield and is within close proximity to major road links; A617, A60 and M1.
The river Meden runs through the village. Local amenities, two primary schools, regular bus service and Pleasley pit county park leading to five pits trail.
Entrance Hall (4.55m x 1.2m) Double glazed door to the front, single radiator and doors off to all rooms.
Lounge (4.55m x 3.6m) Double glazed bay window to the front, double radiator, coving to ceiling, dado rail and feature fireplace surround.
Kitchen-Diner (3.6m x 2.57m) With a range of base and wall mounted high gloss units, roll edged work surfaces, stainless steel sink and drainer with mixer tap. Integrated oven, hob and extractor fan.
Space for fridge-freezer and washing machine.
Double glazed window to the rear, double radiator, door to pantry, door to storage cupboard housing combi boiler and circuit breakers and double glazed door to rear garden.
Bedroom 1 (3.66m x 3.48m) Double glazed window to the front, single radiator and coving to ceiling. Bedroom 2 (3.63m x 2.82m) Double glazed window to the rear and single radiator.
Bathroom (2.67m x 1.93m) Having a white three piece suite comprising; low level WC, pedestal wash hand basin, shower over shower bath with additional Waterfall showerr and telephone crade shower, shower screen, double glazed window to the rear and single radiator.
Outside There is a lawned garden to the front and an enclosed garden to the rear comprising of patio, lawn and artificial grass.
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.
Area
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FAQ
About 21, High Street, Mansfield
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