Summary - 239, Mansfield Road NG1 3FT
6 bed 3 bath House of Multiple Occupation
Chain‑free investment near Nottingham city centre with immediate rental potential.
[
Ready-to-let six-bedroom HMO in NG1, offered for sale by auction with a Start Bid of £200,000. The mid-terrace Victorian building is freehold, has a valid HMO licence and gas central heating, and is currently let to produce a quoted income of £12,000 per annum under a 12‑month tenancy starting September 2025. Its location is strong for landlord demand — within walking distance of Nottingham city centre and local student neighbourhoods.
Internally the property provides a modern fitted kitchen, sizeable communal living space and three bathrooms across approximately 1,085 sq ft. The house is presented as ready to let and benefits from double glazing and mains gas heating; council tax band B and an EPC band D are confirmed. The plot is very small and the overall property size is compact, so communal and outdoor space is limited.
Important sale terms and issues: the sale is via the Modern Method of Auction and requires completion within 56 days. The purchaser must pay a non‑refundable Reservation Fee of 4.5% of the purchase price (minimum £6,600) and a Buyer Information Pack fee of £349 including VAT. Prospective buyers should check tenancy details, services, and compliance, and confirm earnings with tenancy documents. The area is described as very deprived with high recorded crime — relevant for risk and management costs.
This lot will suit investors targeting student or HMO lettings who want an income-producing, chain‑free freehold in a central Nottingham location. There is limited outdoor space and the property is compact, so buyers should allow for ongoing management, potential voids, and the usual auction costs and reservation fees.
4 bedroom end of terrace house for sale in Colville Street, NOTTINGHAM, Nottinghamshire, NG1 — £280,000 • 4 bed • 1 bath • 1767 ft²
4 bedroom terraced house for sale in 59 Windsor Street, Beeston, Nottingham, NG9 2BW, NG9 — £180,000 • 4 bed • 2 bath
3 bedroom end of terrace house for sale in Bluecoat Close, NOTTINGHAM, Nottinghamshire, NG1 — £170,000 • 3 bed • 1 bath • 824 ft²
4 bedroom house of multiple occupation for sale in 69 Ransom Road, Nottingham NG3 3LH, NG3 — £150,000 • 4 bed • 1 bath • 862 ft²
6 bedroom semi-detached house for sale in Kimbolton Avenue, Nottingham, NG7 — £375,000 • 6 bed • 2 bath • 1063 ft²
4 bedroom terraced house for sale in Goodliffe Street, Nottingham, Nottinghamshire, NG7 — £170,000 • 4 bed • 1 bath • 1042 ft²
