Summary - 21 BISHOP STREET MANSFIELD NG18 1HJ
4 bed 1 bath Terraced
Ready-to-rent central property with immediate income potential for experienced landlords.
Four lettable rooms with two kitchens and multiple showers
An exceptional multi-let opportunity in central Mansfield, offered as a four-bedroom mid-terrace with existing layout for four lettable units. The property currently includes two kitchens, multiple showers and separate WCs, creating immediate rental potential without major reprovisioning. Its town-centre location places shops, transport and amenities within easy walking distance, supporting strong tenant demand.
Projected gross rent is advertised at £2,250 pcm (owner pays utilities). The building is a Victorian sandstone terrace (pre-1900) with double glazing installed before 2002 and gas central heating via a boiler and radiators. It is sold freehold and will be offered at auction, which can speed purchase but includes a non-refundable reservation fee and other auction costs — buyers must review the Buyer Information Pack and complete required ID and funding checks.
Material points to note: the neighbourhood has very high crime levels and is classified as very deprived, and the local rental market is largely constrained. The stone external walls are assumed to have no insulation and the glazing is older, so buyers should budget for thermal improvement and periodic maintenance. The property is average in overall size with a small plot and standard ceiling heights.
This is best suited to investors or landlords experienced in multi-let management and in letting in more challenging areas. Carrying out full due diligence, considering landlord responsibilities for utility payments (if applicable) and pricing for refurbishment or energy upgrades will be important before bidding at auction.
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