End of terrace house
This end-of-terrace property has been converted into two self-contained one-bedroom flats, generating an annual rental income of £14,040. With a yield of 12.2% based on the current guide price, this presents an excellent investment opportunity. Both flats are occupied by long-term, reliable tenants.
The ground floor flat, 47a Stafford Street, features an entrance leading to a fitted kitchen, a shower room, a spacious lounge/diner, and a double bedroom. It also includes uPVC double glazing throughout and a brand new combi boiler. The ground floor flat benefits from access to a rear garden and patio area.
The first-floor flat, 47 Stafford Street, includes an entrance that leads to stairs, a well-proportioned lounge/diner, a double bedroom, a fitted kitchen, and a shower room. This flat also features uPVC double glazing and a combi boiler.
The property is conveniently located just a short walk from Mansfield town centre.
Mobile coverage - O2, EE, Three and Vodafone available
Satellite and Cable TV Availability - BT, Sky and Virgin available
Broadband - Standard, Superfast and Ultrafast available
Construction - Solid brick
Freehold. Subject to tenancy.
- Heating Supply: Gas Central
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
On Street
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under and Unconditional sale type.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of 1.2% of the purchase price (subject to a minimum of £1,500 inc. VAT)
The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
