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Agent's details

6-Bed HMO in Mansfield Generating £26,179.68 PA

For sale: £230,000.00|House, Mixed Use, Other, Residential, Other Property Types & Opportunities

Property details

FOR SALE£230,000.00
ADDRESS15 Grange Avenue, Mansfield, Nottinghamshire, NG18 5EY
TYPEHouse, Mixed Use, Other, Residential, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON10th August 2021

Description

The Property Advantage is pleased to present this 6 bedroom, 2 bathroom HMO. The property is well laid out and compromises a large kitchen/diner, 6 spacious bedrooms, 2 communal bathrooms, and a sizeable garage. This is an established HMO that is fully licensed and compliant. The Gross Income is £26,179.68 PA and a Gross Yield of 11.38%.

The property is located in Mansfield, situated in a quiet residential area by Moor Lane Park and close to Mansfield town centre (just over a mile away). Nearby, there is Mansfield Community Hospital within 0.6 miles, King's Mill Hospital is also within walking distance, 0.9 miles away from the property. Local amenities to the property include a Morrisons within 0.7 miles of the property. Furthermore, there are coffee shops, such as Costa (0.5 miles away), and local restaurants such as Crunch (0.1 miles away) on the doorstep of the property.

Income;

Room 1 - £411 / Room 2 - £368.33 / Room 3 - £368.33 /

Room 4 - £346.66 / Room 5 - £318.33 / Room 6 - £368.33

Total; £2,181.64 PCM / £26,179.68 PA

Expenditure;

Gas & Electric - £148 / Water - £64.46 / Council Tax - £187 /

Broadband - £ £50.74 / Cleaner - £56

Total; £506.20 PCM / £6,074.40 PA

Gross Yield: 11.38%

Buyer Fee: 2.00% + VAT

Location

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Location: 15 Grange Avenue, Mansfield, Nottinghamshire, NG18 5EY

Mansfield (0.7 miles)

Mansfield Woodhouse (1.7 miles)

Sutton Parkway (2.0 miles)

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