£83,995

2 bed flat for sale
The Connexion, Chaucer Street, Mansfield NG18

    • 2 beds

    • 1 bath

    • 1 reception

  • EPC Rating: B

  • Leasehold

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Leaders - Mansfield

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About this property

  • Tenant in situ with immediate rental income

  • Current rent of £690.00 pcm (£8,280 per annum)

  • Gross rental yield of around 9.8%

  • Well-presented two-bedroom second-floor apartment

  • Spacious open-plan lounge/kitchen

  • Allocated parking space within a gated parking area

  • Recently secured tenancy

  • Low-maintenance investment

  • Popular town centre location

  • Walking distance to bus and train stations

Attractive investment opportunity – tenant in situ

Attention investors! This is an excellent opportunity to acquire a well-presented two-bedroom second-floor apartment offering an attractive income stream from day one and a gross rental yield of around 9.8%.

The property is currently let at £690 pcm (£8,280 per annum), with a new tenancy commencing on 10th July 2026, providing immediate rental income and eliminating any initial void period. Opportunities offering yields at this level are increasingly sought after, making this a particularly attractive proposition for both experienced and first-time investors.

The accommodation comprises an entrance hall, a spacious open-plan lounge and kitchen area, two well-proportioned bedrooms, and a bathroom fitted with a three-piece suite. The apartment is presented in good condition throughout and benefits from an allocated parking space within a secure gated communal parking area.

Located within easy reach of Mansfield Town Centre, the property enjoys convenient access to a wide range of amenities including shops, supermarkets, restaurants, leisure facilities, and other everyday services. The apartment is also ideally positioned close to both the bus station and train station, providing excellent transport links for commuters and tenants alike. This highly convenient location continues to prove popular with renters, further enhancing the property's appeal as an investment opportunity.

With a tenant already in place, immediate rental income, and a gross yield of around 9.8%, this represents an excellent buy-to-let opportunity for investors seeking a strong-performing addition to their portfolio. Offering a combination of strong returns, a central location, and a recently renewed tenancy, this is a ready-made investment that can generate income from completion.

Early enquiries are strongly recommended.

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More information

  • Tenure

    Leasehold (176 years)

  • Service charge

    £1,320 per year

  • Council tax band

    A

  • Ground rent

  • Ground rent date of next review

See all recent sales in NG18

Property descriptions and related information displayed on this page are marketing materials provided by - Leaders - Mansfield. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Leaders - Mansfield for full details and further information.