Property description
112 Kirkby Road, Mansfield is a 5 bedroom, 2-bathroom house situated on one of the main roads into Sutton town centre from A38 and approximately a 3-minute drive to the centre of Sutton. The property was fully refurbished in 2019 and has been maintained to a high standard ever since. It now provides a fantastic home to 5 happy tenants.
There is a larger than required living-dining room, a communal kitchen and an additional utility room. The house is licensed as an HMO and so complies to all health and safety requirements, including GSC, emergency lighting and fire and smoke system. There is ample on-street parking outside the property and no permit is required.
Sutton is a large market town and a commuter town to Mansfield, which is reached via a 10-minute drive or 5-minute train. It is also within the same drive time to Kings Mills hospital, one of the largest employers in Mansfield.
Income:
Room 1 : £412pcm / Room 2 : £369pcm / Room 3 : £412 / Room 4 : £369 / Room 5 : £347
Total Income = £1,909 pcm / £22,908 per annum
Gross Yield = 12.4%
Expenditure:
Gas & Electric : £58.77 / Water : £22.42 / Council Tax : £116 / TV License : £13.37 / Broadband : £57.99 / Cleaner : £40 / Management : £239
Total Expenditure = £547.55 pcm / £6,570.60/annum
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