Summary - 23 Oak Tree Road NG17 4GU
2 bed 1 bath Terraced
Two-bed Victorian terrace with tenant in situ and immediate rental income.
Two double bedrooms plus attic room
A traditional two-bedroom mid-terrace with an attic, offered as a freehold investment with an experienced long-term tenant in situ. The house retains period character — a Victorian-style fireplace and solid brick construction — and provides flexible accommodation across ground, first and attic floors. The rear garden is enclosed and low-maintenance; on-street parking serves the property.
The property is currently let at £550 pcm from 1 June 2025, producing a 7.33% gross yield based on a £90,000 purchase price. The tenant has occupied the home for around 20 years and the sale will be completed with the tenant remaining in place; no notice will be served prior to completion. That stability suits a hands-off investor seeking immediate income.
Important condition notes: heating is via a gas back-boiler and radiators, and walls are original solid brick with no known installed cavity insulation. The house will likely benefit from energy-efficiency improvements and some updating. The local area has higher-than-average crime levels and is classified as very deprived, factors investors should weigh alongside the rental stability and rental-growth potential if rents are brought to market level.
This is a straightforward, lower-entry-price investment in Sutton-in-Ashfield, close to local amenities and major routes (M1, A38). It suits a buyer comfortable holding a tenant long-term and budgeting for modest maintenance and possible retrofit works to improve rental value and energy performance.
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