Yieldit are pleased to bring to the market this excellent investment opportunity yielding an impressive 7.83%, the property is fully let on individual tenancies and does not require a HMO license. The spacious end terraced property is fully furnished, has gas central heating and is double glazed as well as being presented to a fantastic standard throughout, consisting of four double bedrooms, all with ensuite, a reception room and a modern fully-fitted kitchen complete with appliances.
Lime Street is ideally positioned in a popular area of Sutton-in-Ashfield, Nottinghamshire, which is four miles from Mansfield, two miles from Derbyshire and twelve miles from Nottingham. Its close to the town centre, bus routes and road networks with the A38 and M1 within easy reach making it ideal accommodation for commuters with Nottingham being just a 40-minute drive away. Kings Mill Hospital is within easy reach and Nottinghamshire's well-regarded universities can be reached in as little as 40 minutes, which means this property is an attractive let to those working or studying at the nearby institutions.
Now is a fantastic time to invest in property in Sutton-In-Ashfield, over 62million is set to be invested into the district to improve business and education, health and wellbeing and boost the visitor economy and 6million will be spent to transform the town centre making it a more attractive destination to live, work and visit. The potential for capital growth is also strong, with house prices in Sutton-in-Ashfield increasing by an outstanding 18% since 2019 (Rightmove) making this a solid investment opportunity. Dont miss out and enquire today.
Financial Breakdown
Gross rent: £23,400
Service charge: £0
Lettings fees: £2,925
Net income: £16,449
Gross yield: 12.32%
Net yield: 8.66%
Important Note To Purchasers
*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-07031
