Summary - Potter Street, Worksop, S80 S80 2AG
1 bed 1 bath Flat
Turnkey town-centre flat with immediate rental income and strong transport links.
Currently tenanted, producing £600 per calendar month income
Situated above high-street shops in central Worksop, this one-bedroom flat is presented as a straightforward, income-producing opportunity for investors. Currently tenanted at £600 pcm, the property offers immediate rental income and strong pedestrian footfall from nearby retail and leisure amenities. Transport links are a notable strength: Worksop Bus Station and Worksop Train Station (Robin Hood Line) are within easy walking distance, improving tenant appeal.
The apartment is in a mixed-use modern block and shows signs of unfinished interior work and low ceiling height in parts, so cosmetic refurbishment may be needed to maximise rental value. The long lease (341 years remaining) removes short-lease risk, but the property is leasehold with an average service charge of £3,000 and a ground rent of £250 — these running costs are significant and reduce net yield.
Buyers should also weigh local market context: the area is classified as deprived with a very high crime rate, and the wider neighbourhood has a transitional Eastern European profile. These factors will influence tenant demand and achievable rents. On the positive side, local schools (several rated Good) and a dense range of shops, services and leisure amenities support longer-term occupancy.
This flat suits investors seeking a low-effort, let-ready asset in a busy town-centre location who are comfortable managing higher service charges and local socio-economic challenges. There is scope for value-add through modest finishing works and active management to improve returns.
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