Summary - 32 PORTLAND STREET MANSFIELD NG18 1HD
2 bed 1 bath Terraced
Immediate rental income with clear scope for upgrading and yield.
- Two-bedroom Victorian mid-terrace close to Mansfield town centre
- Currently tenanted at £650pcm; gross yield ~8.2% at asking price
- Gas central heating, combi boiler and UPVC double glazing present
- Lounge, separate dining room, kitchen and enclosed rear courtyard
- Sold with tenant in situ; no notice will be served for vacant possession
- Very deprived area and very high recorded crime levels
- Solid brick walls likely uninsulated; energy improvements recommended
- Small plot and modest room sizes, requires modernization potential
A compact two-bedroom Victorian mid-terrace positioned close to Mansfield town centre and local amenities. The property is currently let at £650 pcm, producing a reported gross yield of 8.2% based on the asking price of £85,000, making it a straightforward income opportunity for buyers seeking an occupied investment with immediate return.
Internally the house has a lounge, separate dining room, kitchen, two bedrooms and a bathroom. Gas central heating, a wall-mounted combi boiler and UPVC double glazing are already fitted. The rear enclosed courtyard provides low-maintenance outdoor space; front access sits directly off the pavement as typical for terraces of this era.
Important considerations: the property is sold with a sitting tenant and no notice will be served, so vacant possession is not available. The neighbourhood is described as very deprived with very high crime levels, and the area falls within a Selected Licensing Area. The building is a traditional solid-brick terrace (circa 1900–1929) with no confirmed wall insulation, so energy-efficiency improvements are likely needed and may be required by future regulations.
For an investor this is a hands-off rental income with scope for value uplift through modernization and energy-efficiency works. For a buyer seeking owner-occupation, note the tenancy position, small plot size, and the urban setting; plan viewings and finance around tenancy and potential upgrade costs.
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