Summary - 125 VICTORIA STREET MANSFIELD NG18 5SB
2 bed 1 bath Terraced
Compact two-bed investment near town centre with immediate rental income.
Two reception rooms and kitchen to rear
A straightforward Victorian mid-terrace offering clear rental potential in central Mansfield. The house has two reception rooms, two double bedrooms and a large bathroom across about 819 sqft, plus a small enclosed rear garden — a compact layout that suits buy-to-let ownership or a targeted refurbishment project.
The property is currently let and producing a rental income of £600 pcm, providing immediate cashflow for an investor. It will be sold at auction, which allows a relatively quick completion but also carries an additional buyer reservation fee (4.5% of the purchase price, minimum £6,600) and associated purchaser costs. Buyers must factor auction terms and completion timescales into their purchase plans.
Practical considerations: the terrace dates from the early 20th century with solid brick walls likely uninsulated, double glazing of unknown age and mains gas central heating. The plot is small and parking is on-street. The wider location is a transitional neighbourhood with very high crime levels and very high area deprivation, which will affect long-term rental values and tenant demand.
This is best suited to a hands-on investor prepared to manage a let in a challenging area or undertake modest refurbishment to improve energy performance and tenant appeal. The property’s low purchase price and current income deliver an entry point into the local market, but buyers should complete their own due diligence on tenancy, repair needs and auction obligations before bidding.
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