Summary - 1 DERBY STREET MANSFIELD NG18 2SD
2 bed 1 bath Terraced
Ready-income two-bed terrace near shops and transport, ideal for refurbishment investors.
Sold with tenant in situ generating approx. £650pcm rental income
Freehold two-bedroom Victorian mid-terrace with cellar and rear garden
Approx. 968 sqft total size; compact rooms over multiple storeys
Dated kitchen with damp issues and visible defects—needs modernisation
Solid brick walls likely uninsulated; energy upgrades may be required
Very deprived area with very high crime—affects demand and insurance costs
Mains gas boiler and radiators; double glazing present (install date unknown)
Fast broadband, excellent mobile signal; council tax band very low
A two-bedroom mid-terrace on Derby Street offered with a long-standing tenant in situ, producing approximately £650pcm. The freehold property presents predictable immediate rental income and is well-located for local amenities, schools and transport links in Mansfield town centre.
Constructed c.1900–1929, the house retains period brick character and benefits from a cellar, rear garden and mains gas central heating. The accommodation is compact but functional across its multi-story layout, with double glazing (install date unknown) and fast broadband and mobile signal—good for lettings demand.
There are clear repair and upgrade needs: the kitchen is dated and shows signs of damp and defects, and the solid brick walls likely lack insulation. The area is very deprived with very high local crime, which affects resale and rental risk; council tax is very low, helping net returns. Investors should factor in refurbishment costs and tenant management while valuing the immediate rental yield.
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