£83,995
2 bed flat for saleThe Connexion, Chaucer Street, Mansfield NG18
2 beds
1 bath
1 reception
EPC Rating: B
Added on
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
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