Summary - 8 FENWICK STREET WARSOP MANSFIELD NG20 0NH
4 bed 1 bath House of Multiple Occupation
Income-producing 4-bed HMO with strong rents — cash buyers, refurbishment potential.
4 bedrooms currently let as HMO tenants in situ
Annual gross income £19,200 — strong headline rental return
Cash purchase only; Buyers Premium will apply on sale
Single bathroom for four bedrooms — may limit tenant mix
Small rooms; some low ceilings and dated internal finishes
Very deprived area with above-average crime — higher management risk
Off-street parking; excellent mobile signal and fast broadband
Requires modernization or reconfiguration for uplift potential
A four-bedroom semi-detached property on Fenwick Street currently operates as a House in Multiple Occupation (HMO) and is offered as a cash-only investment. Tenants are in situ and the property produces a stated annual gross rent of £19,200, presenting a strong headline rental return against the asking price of £125,000. Its town-fringe location provides easy access to local amenities, good transport links and nearby schools rated Good by Ofsted.
The house retains traditional red-brick character but shows signs of wear and dated internal finishes. Some rooms are small and one area is described with a low ceiling; the accommodation will benefit from modernization to improve rental desirability or to reposition the asset for higher-value lettings. There is a single bathroom serving four bedrooms which may limit future tenant mix or require reconfiguration.
Buyers should note this is marketed as cash purchase only and a Buyers Premium will apply on sale. The area is described as very deprived with above-average crime statistics — factors investors must weigh when projecting voids, management costs and insurance. Parking is available off-street, and broadband and mobile signal are reported as strong, supporting demand from working tenants.
This is a clear opportunity for a hands-on investor or developer seeking immediate income with upside through refurbishment, reconfiguration or improved management. The property pack contains detailed letting figures and should be reviewed for full investment metrics and compliance requirements before offer.
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