Shirebrook Mansfield Property Investment

Estate agents Mansfield, Walton & Allen, have just acquired a fantastic property, available now to buy at just £60,000.

The terraced house is located in Shirebrook, Mansfield, NG20, and requires little renovation to bring it up to modern day standards.

The average Shirebrook house price stands at £103,043 according to Zoopla. This means the property on Central Drive is an absolute steal!

shirebrook property estate agents shirebrook

Shirebrook sits on the border between Nottinghamshire and Derbyshire. The town benefits from a thriving economy, partly due to the Sports Direct warehouse which provides many jobs for the local area.

According to our lettings team, this property would rent for between £450 and £525pcm, depending on decor. This could give you a huge gross yield of approximately 10.5%!

If you were to buy this property in Shirebrook with a buy to let mortgage, you would need to put a 20% deposit down of £20,000. This means your gross yield would shoot up to around 31.5%, before taking financial costs into consideration.

Investors can also chat to our Investment Manager, Ricky, should they want to find out more about how we can help you as a Landlord.