22 Gedling Street, Mansfield, Nottinghamshire

Description

A vacant freehold mid terraced property

Accommodation

Ground Floor: Hall, Reception Room, Kitchen, Bathroom/WC. First Floor: Landing, Two Bedrooms, Bathroom/WC. Outside: Rear Yard.

Location

A mid terraced property standing flush to the pavement, located at 22 Gedling Street, Mansfield, Nottinghamshire.

Tenure / Property Information

Investment Analysis

Completed sales on the same street range from £65,000 to £112,000. The exact property, 22 Gedling Street, sold for £65,000 on 9 June 2026, providing the strongest direct evidence. Other terraced sales at £97,000, £100,000 and £112,000 may reflect differing condition or specification, which is not supplied. A cautious base GDV of £97,000 is used, with £65,000 as the low case and £112,000 as the high case.

Investment Snapshot

Strategy Recommendation

Potentially suitable for a cautious buy-to-let or BRRR assessment at a low purchase price, subject to confirming condition, legal-pack costs and the final auction price. Do not rely on the upper GDV or headline rental yield without inspection and a fully costed works schedule.

Works Required

No specific defects or refurbishment requirements are evidenced. Allow for inspection and any necessary works identified after viewing, together with general preparation before letting or resale; no works budget can be supported from the supplied evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £20,000 guide plus the known £2,700 administration charge, the project has a low entry price relative to the completed-sale evidence. A 75% refinance against the £97,000 base GDV would be £72,750. However, refurbishment costs, taxes, finance costs and any further special-condition costs are unavailable, so cash left in and refinance feasibility cannot be reliably calculated.

Buy-to-Let Analysis

The advertised rental evidence supports a range of £695–£930 pcm, equivalent to £8,340–£11,160 annually. Against the £20,000 guide alone, the indicative gross yield is approximately 41.7%–55.8%, before the £2,700 administration charge, purchase taxes, finance, insurance, maintenance, voids and any works. The headline yield is therefore attractive, but the actual return cannot be established without a refurbishment and total acquisition budget.

Flip Analysis

The sales evidence indicates a possible resale range of £65,000–£112,000, with £97,000 used as the base GDV. A flip surplus cannot be calculated because no supported refurbishment budget, selling costs or complete acquisition-cost figure is available. The exact-property sale at £65,000 is an important downside reference.

Investor Risks & Due Diligence

• The exact property has a completed-sale reference of only £65,000, materially below the £97,000 base GDV assumption.

• Property condition and refurbishment requirements are not evidenced.

• The £2,700 administration charge is payable in addition to the purchase price.

• Additional special-condition costs, stamp duty and government taxes are not supplied.

• Rental figures are advertised asking rents rather than achieved rents.

• The upper GDV comparables may not be directly comparable in condition or specification.

Recommendation

Potentially suitable for a cautious buy-to-let or BRRR assessment at a low purchase price, subject to confirming condition, legal-pack costs and the final auction price. Do not rely on the upper GDV or headline rental yield without inspection and a fully costed works schedule.

Strategy Rating

Analysis Confidence

There is good completed-sale evidence, including an exact-address sale, and three advertised rental comparables. Confidence is reduced because condition, refurbishment requirements, final purchase price, taxes, finance costs and additional legal-pack costs are not supplied.