Terraced House
This mid-terrace property featuring three bedrooms presents an excellent investment opportunity, boasting generous room sizes, a separate utility area, a downstairs WC, and additional storage under the stairs. While it requires some cosmetic improvements, it has the potential to generate an estimated rental income of £875.00 per month, resulting in a yield of 11% based on the current guide price.
The layout includes an entrance leading to a dining area, a lounge with feature fireplace, a fitted kitchen with a separate utility space, a downstairs WC, and an understairs storage cupboard. On the first floor, there are two double bedrooms, one single bedroom, and a family bathroom equipped with a white three-piece suite and a separate corner shower.
The front of the property is designed for low maintenance, while the rear features an enclosed garden complete with a patio area.
Rainworth is located approximately 3 miles south of Mansfield town centre, making it an ideal choice for commuters who work in Mansfield but prefer a village atmosphere. The village is well-served by the A617 road, which connects Mansfield to Newark-on-Trent. Over the years, Rainworth has evolved from its mining roots into a sought-after residential community, offering a range of amenities such as shops, schools, and recreational facilities.
Construction - Solid brick
Coverage - O2, EE, Three and Vodafone
Satellite and Cable TV - BT, Sky and Virgin
Broadband - Standard, Superfast and Ultrafast
These sales details are awaiting vendor approval.
Freehold. Vacant possession upon completion.
- Heating Supply: Double Glazing, 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.
