Apartment for sale in The Connexion, Chaucer Street, Mansfield, Nottinghamshire, NG18

Key Features

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

Description

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.

Council Tax Band A

Room Details

Communal Entrance

Secure communal entrance with intercom entry system and stairs rising to the second-floor apartment.

Entrance Hallway

Welcoming entrance hallway with laminate flooring, communal intercom system, storage cupboard, and doors leading to all accommodation.

Open-Plan Lounge/Kitchen

A spacious open-plan living area comprising a fitted kitchen with a range of wall and base units with work surfaces over, inset sink unit with mixer tap, built-in oven, hob with extractor hood over, and space for a washing machine and fridge freezer. Complemented by tiled splashbacks and a breakfast bar opening into the lounge area. The lounge benefits from a window to the front elevation and a radiator.

Bedroom One

A well-proportioned double bedroom with windows to the front and side elevations, fitted wardrobes, laminate flooring, and a radiator.

Bedroom Two

Good-sized second bedroom with a window to the front elevation, laminate flooring, and a radiator.

Bathroom

Fitted with a three-piece suite comprising a low-level WC, wash hand basin, and panelled bath with shower over. Further benefits include tiled splashbacks, laminate flooring, extractor fan, and radiator.

Storage Cupboard

Useful storage cupboard providing ample storage space and housing the wall-mounted central heating boiler.

Disclaimer

These particulars are believed to be correct and have been verified by or on behalf of the Vendor. However any interested party will satisfy themselves as to their accuracy and as to any other matter regarding the Property or its location or proximity to other features or facilities which is of specific importance to them. Distances and areas are only approximate and unless otherwise stated fixtures contents and fittings are not included in the sale. Prospective purchasers are always advised to commission a full inspection and structural survey of the Property before deciding to proceed with a purchase. The services, systems and appliances in the property have not been tested and no guarantee as to their operability or efficiency can be given.