5 bedroom flat for sale

This is a well-presented 5 bedroom, 5 bathroom (All en-suite) HMO in Mansfield. This is a recently refurbished property which has been very well maintained. The property comprises a large, modern kitchen at the heart of the property, two double bedrooms both en-suite on the ground floor, and three further double bedrooms all en-suite on the first floor. The property also boasts a large rear garden.



This is a well-run HMO and a fantastic investment opportunity with the property being fully occupied with quality tenants in situ. The tenants are all working professionals working in the nursing industry. The Gross Income is £29,371.80 per annum and the Gross Yield is 11.99%.



Mansfield is the largest town in the UK based in Nottinghamshire, England. Populated by 99,600 residents. North Nottinghamshire area supports its own growth and industry, with Amazon being the most notable, having recently set up warehouses in North Nottinghamshire. The local Kingsmill Super Hospital is within 1.2 miles of the property. This supports 4,500 jobs in the local area. Furthermore, the council has approved a £12 million development which will see a 100-bedroom hotel and three stand-alone restaurants. Taylor Wimpey and Barratt Homes are some of the many large developers in the area.



Situated on a quaint residential street in Mansfield, the property is ideally located to the town centre and has fantastic transport links across the area. There is a main bus stop within a 2- minute walk of the property with various regular bus routes. Local amenities are also ideally located for tenants, and the convenience store, Londis is within 0.1 miles (2- minute walk).



Income;



Room 1 - £541 / Room 2 - £498.33 / Room 3 - £541.66 /

Room 4 - £433.33 / Room 5 - £433.33

Total; £2,447.65 PCM / £29,371.80 PA



Expenditure;

Gas - £75 / Electric - £75 / Water - £34.41 / Council Tax - £117 /

Broadband - £66 / Cleaner - £52 / Management - £293.72

Total; £713.13 PCM / £8,557.54 PA