Auction Property 2 Bed Flat 

Ossington Close, Meden Vale, Mansfield

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Features

  • Auction Date: 20th & 21st November 2019
  • First floor two bedroom flat
  • Residential investment
  • Currently let at £360 pcm (£4,320 pa)
  • Current gross yield of 12.34%
  • Located above a parade of shops
  • Walking distance to local amenities
  • Parking available within the vicinity
  • Approx. 65 Sq. M / 700 Sq. Ft

Quick Details

2 Bedrooms1 Reception1 Bathroom

Address

11, Flat 2 Ossington CloseMeden ValeMansfieldNottinghamshireNG20 9PZ
Details
EPC
Map
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Property Details

•For Sale By Online Auction: 20th & 21st November 2019
•Guide Price: £35,000+
•Two-bedroom first floor flat
•Income producing investment
•Current income of £4,320 per annum – 12.34% gross yield

•For Sale By Online Auction: 20th & 21st November 2019
•Guide Price: £35,000+
•Two-bedroom first floor flat
•Income producing investment
•Current income of £4,320 per annum – 12.34% gross yield

This two-bedroom flat is located above a row of shops on Ossington Close in Meden Vale, located within walking distance to a variety of local amenities and approximately five miles north east of Mansfield’s town centre. There is easy access provided via the A60.

The property benefits from close access to regular bus links which run in to Mansfield. The M1 motorway is located approximately 14 miles south west, providing good access to larger cities.

The property is situated on the first floor and offers spacious accommodation, including; kitchen, lounge, two double bedrooms and a family bathroom. The flat has a separate entrance way to the rear and there is good availability of on street parking in the vicinity.

Accommodation

Approx. 59 Sq. M /635 Sq. Ft
(Measurement taken from the EPC)

Services

We understand the property has mains electricity, water and drainage. However, interested parties should carry out their own investigations.

Investment Analysis

The property is currently let at £360 pcm (£4,320 per annum), representing a current gross yield of 12.34%, based on the guide price.

Tenure

Freehold

Council Tax

The flat is rated in Council Tax Band A, Council Tax payable for 2019/2020 is £1,309.

Guide Price

£35,000+

Buyer’s Premium

2% (min. £3,600) inc. VAT.

Viewings

Viewings by appointment only. Please contact a member of John Pye Property on 0115 970 6060 or email property@johnpye.co.uk to arrange an appointment.

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If you are thinking of selling your property, contact us now for a free appraisal and benefit from:

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