Summary - 21, Old Bakery Way, MANSFIELD NG18 2JR
2 bed 1 bath Flat
Newly renovated first-floor flat with allocated parking and strong rental yield potential.
First-floor two-bed flat, 541 sq ft, newly renovated
Set over the first floor, this recently renovated two-bedroom flat offers a low-maintenance home or a high-yield rental in Mansfield. The open-plan living-kitchen and new kitchen installation make the property move-in ready, while allocated parking and gated access add practical value for tenants or owners.
At 541 sq ft the apartment is compact but efficiently laid out, with double glazing, gas central heating and a dedicated storage cupboard with plumbing for laundry. The communal garden and single allocated off-street parking are useful extras in a town-centre setting with excellent mobile signal and fast broadband.
This is an attractive option for investors: a quoted achievable rent of £725pcm equates to a headline yield around 9.6% at the asking price. It will also suit first-time buyers seeking a low-upkeep home in a modern development built after 2007.
Material considerations: the flat is leasehold with an average service charge of £1,600 per year and sits in a very deprived area with above-average local crime; these factors will affect running costs and insurance and should be weighed alongside the rental prospects. Council tax is described as very cheap and there is no flood risk.
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