£175,000
Ling Forest Road
- 0 beds
£175,000
- 0 beds
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**Please be aware that this property is being sold with a tenant in situ and would only be suitable for investment purposes.**
Pure Investor is delighted to offer this two-bedroom semi-detached bungalow for sale on Ling Forest Road, Mansfield. The property consists of a reception room, bathroom, hallway, kitchen, large rear garden and front drive. The property also benefits from gas central heating, double glazing, driveway parking, cavity wall/loft insulation and a full rewire in 2008 which has been maintained throughout the years. The tenant has been in situ for 15 years and maintains the property well and would look to continue renting the property. Evidence can be provided of rental payments being made on time and in full. This property is an ideal no-fuss investment property.
INVESTMENT INFORMATION
- Asking price: £175,000.00
- Current rental income: £795.00pcm (£9,540.00 per annum)
- Gross yield: 5.5%
- Tenure: Freehold
- Number of bedrooms: 2
- The tenant has been in situ for 15 years
- Currently self-managed
- Hands-off investment with a reliable long-term tenant who maintains the property well
- EPC: C
- Council tax: Band B
- Fantastic capital appreciation potential on bungalow properties due to the lack of bungalows being built currently
- Comparable report for properties sold in the local area - https://www.rightmove.co.uk/best-price-guide-report/26d4d01f-f349-4509-8a55-0d65c35da6a6
- Comparable report for properties rented in the local area - https://www.rightmove.co.uk/best-price-guide-report/0a388f48-4646-4157-a621-bda52b948509
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