Summary - 47 MAYFIELD STREET KIRKBY IN ASHFIELD NOTTINGHAM NG17 8LU
2 bed 1 bath End of Terrace
Income-producing terrace with outdoor space and strong transport links.
Two double bedrooms plus attic room, usable living space
An end-of-terrace period home with clear investor appeal, currently let and producing rental income. The property offers two double bedrooms plus a usable attic room, lounge, dining room and a fitted kitchen with gas combination boiler and UPVC double glazing. A small front garden and a ‘dog-leg’ rear garden backing onto fields add outdoor space uncommon for terraces.
This is being sold with a sitting tenant and a confirmed rent of £795 pcm from 1 July 2025, presenting a reported gross yield of 7.95% at a £120,000 purchase price. The house sits in a cul-de-sac with convenient links to local amenities, schools rated Good, and quick access to junction 28 of the M1 – features that support steady tenant demand.
Practical positives include mains gas central heating, recent double glazing, and straightforward room proportions across approximately 1,023 sq ft. Material points for buyers: the property has solid brick walls (likely uninsulated), so energy-efficiency improvements may be needed; the current tenancy will not be served notice before completion; and prospective purchasers should arrange any appliance or services checks prior to exchange.
For investors seeking an immediately income-producing asset with modest capital upgrade potential, this property is a pragmatic option. For buyers considering owner-occupation, note the ongoing tenancy and likely need for insulation and modernisation to improve comfort and running costs.
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