£ 88,000
Added: 15/04/2025
Profit pa£5,400
ROCE23%
Yield8%
Strategy: Buy to Let
Deal 66 - Hands-Off BRRR: Mansfield
This is a 3-bedroom terraced home in Mansfield.
Key investment highlights:
▪ Purchase price: £88,000
▪ GDV: £120,000
▪ Refurb costs: £13,000
▪ Annual profit: £5,400
▪ ROCE: 23%
▪ Gross yield: 8%
▪ Estimated monthly rent: £825
Our All-Inclusive Service:
- Property sourcing: We identify and secure profitable investment opportunities.
- Finance: We assist with securing competitive financing options.
- Refurbishment: Our in-house team handles all renovation and refurbishment work.
- Tenant placement: We find reliable tenants and manage the tenancy process.
- Property management: We provide comprehensive property management services, including rent collection and maintenance.
Sourced reference: 524614569511878
Sourced endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and are not to be relied as statements of representation or fact. The selling agent may or may not be the sole agent and will provide confirmation upon request. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency given. All measurements have been taken as a guide and are not precise, please be aware some of the details may be waiting vendor approval. If you require confirmation or further information, please contact the selling agent. Fixtures and fittings are to be confirmed with the seller and not relied upon when listed. Sourced are not responsible for any loss of monies due to the purchase or purchase process with any property listed.
Economic Landscape
Manufacturing & Engineering:
Mansfield has a strong manufacturing base, particularly in precision engineering and food production. The town is home to TSP Engineering, a major steel fabrication company serving nuclear and energy sectors, and Mansfield Brewery, a historic beer producer.
Retail & Town Centre Economy:
The Four Seasons Shopping Centre anchors Mansfield's retail sector, while St. Peter's Retail Park hosts major chains. The town centre is undergoing regeneration with the £12m Town Deal Programme to revitalize the market and commercial spaces.
Healthcare & Public Sector:
King's Mill Hospital (part of Sherwood Forest Hospitals NHS Trust) is one of the area's largest employers. Public administration accounts for 15% of local employment.
Emerging Sectors:
The nearby Sherwood Energy Village promotes sustainable industries, while the Mansfield Innovation Centre supports tech startups and small businesses.
Cultural and Educational Institutions
Cultural Venues:
Mansfield Museum: Showcases local history including its mining heritage and 14th-century Saxon Cross
Palace Theatre: A 1910 Edwardian theatre hosting touring productions and local performances
Mansfield Library: The area's central library with special collections on local history
Education & Skills:
West Nottinghamshire College: Major FE college with vocational training in engineering, health and digital skills
Outwood Academy Portland: Leading local secondary school with specialist engineering status
Proximity to Nottingham universities (30-40 minute commute)
Transport and Infrastructure
Road Connections:
Junction 28 of the M1 motorway provides direct links to Nottingham (15 miles) and Sheffield (20 miles)
A60 and A38 are key arterial routes
Public Transport:
Mansfield Railway Station with regular services to Nottingham (35 mins) and Worksop
Stagecoach Robin Hood Network provides comprehensive local bus services
Nottingham Express Transit tram extension proposed (future project)
Active Travel:
Connection to national cycle route 6
Improvements to walking routes in town centre regeneration plans
Demographics and Quality of Life
Population:
Approximately 110,000 residents in Mansfield district
Median age of 40 (slightly older than UK average)
97.4% White British ethnicity (2021 Census)
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