Summary - 72 8, 10 and 12 Chatsworth Street, Sutton-In-Ashfield NG17 4GG NG17 4GG
1 bed 1 bath House
Value-add lot close to hospital and commuter routes for experienced investors.
Combined block of three mid-terrace houses offered together by auction
Close to Kings Mill Hospital; strong local rental demand for workers
Current income £12,300pa; potential £28,000–£30,000pa after improvements
One unit vacant and in need of renovation; two on rolling short-term tenancies
Freehold, large plot with rear gardens and single garage to the rear
EPC ratings D; solid brick walls, likely no cavity insulation
High local crime and very deprived area — factor management costs
Sale is unconditional auction; 10% deposit and buyer’s fees apply
A rare portfolio lot: three adjoining mid-terrace houses offered together by auction, freehold and targeted at investors prepared to refurbish and re-let. The group is well placed for Kings Mill Hospital staff and commuters — M1 and Mansfield are close — giving strong rental demand in a constrained letting market. There is outdoor space and a single garage, and current rents are low versus the stated re-let potential.
Present condition is mixed. One property is vacant and requires refurbishment; the other two are on rolling short-term tenancies. All three properties have EPC D, likely solid-brick walls with no assumed insulation, and dated interiors and services that will need updating to reach the quoted rental levels. Local area indicators show very high deprivation and higher-than-average crime, which will affect tenant profiling and management costs.
This is a value-add, high-yield opportunity for experienced landlords or developers who can manage tenancy transitions and capital works. The sale is by unconditional auction — purchasers must be comfortable with binding contracts, a 10% deposit, and buyers’ fees. Legal pack review and pre-auction inspections are essential before bidding.
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