Summary - 11 RIDGEWAY TERRACE WARSOP MANSFIELD NG20 0NW
2 bed 1 bath Terraced
Immediate rental income with clear refurbishment upside for hands-on investors..
2-bedroom Victorian mid-terrace, freehold, approx. 861 sq ft
Currently tenanted, producing £5,700 pa (approx. £475 pcm)
Potential market rent £695 pcm; projected higher gross yield possible
Requires renovation: cracked window, exposed wiring, dated interiors
Rear private garden (small); on-street parking only
Area: very deprived, above-average crime — factor management needs
Good broadband and mobile signal; close to local amenities and schools
Buyers premium applies; check full Let Property Pack and tenancy details
A compact two-bedroom Victorian mid-terrace on Ridgeway Terrace, offered freehold and currently let to long-term tenants. The property produces £5,700 pa (approx. £475 pcm) with scope for higher income; marketing figures suggest potential market rent of £695 pcm and an upward gross yield if rents are increased.
The house needs some refurbishment — external photos show cracked glazing and exposed wiring and internal rooms are described as dated with limited natural light. These repair and decoration requirements are reflected in the asking price and present clear scope for value-add improvements that will increase rental income or resale value.
Positioned in a small-town fringe of Mansfield with fast broadband and excellent mobile signal, this is a straightforward buy-to-let for investors or developers seeking an immediately income-producing asset. Note the area records above-average crime and high deprivation indices; buyers should factor local market conditions and management requirements into purchase calculations.
Practical details: freehold terraced house, approx. 861 sq ft, two bedrooms, one bathroom, rear private garden (small), on-street parking only. The sale notes a buyer’s premium applies — confirm all tenancy and pack details before exchange.
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