5 Mansfield Road, Sutton-In-Ashfield, Nottinghamshire

Description

A three bedroom terraced house presented in good condition. The property benefits from a rear yard.

Accommodation

Cellar. Ground Floor - Lounge, Dining Room, Kitchen, WC. First Floor - Two Bedrooms, Bathroom/WC. Second Floor - Bedroom.

Location

Located on Mansfield Road, accessed off Stoneyford Road and Downing Street. A range of shopping amenities are available close by in the centre of Sutton-In-Ashfield. The recreational amenities of Lawn Pleasure Ground and Stoneyford Road Recreation Ground are nearby. Road links via the A38. Transport Sutton Parkway Station - National Rail.

Tenure / Property Information

Investment Analysis

The strongest evidence is the same property address sold for £70,000 on 23 May 2025. Other nearby terraced sales range from £63,000 to £108,000. The £80,000 guide is within the comparable range but above the latest same-address sale. A base GDV of £80,000 is used, with £70,000 low and £108,000 high scenarios. These are indicative only because the comparable properties’ condition, size and specification are not supplied.

Investment Snapshot

Strategy Recommendation

Potential buy-to-let only if the £925 pcm asking rent is validated and legal, inspection and fee checks are satisfactory. The guide should be approached cautiously given the £70,000 same-address sale and unknown buyer and seller charges.

Works Required

No specific defects or required works are identified; the property is described as being in good condition. Inspection and legal review would be required before assigning a refurbishment budget.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At a base GDV of £80,000, 75% refinancing equates to £60,000. Against the £80,000 guide, this leaves a £20,000 difference before buyer costs, refurbishment, finance and other expenses. Total project cost and cash left in cannot be established because the relevant costs are unavailable.

Buy-to-Let Analysis

Using the advertised £925 pcm rent, annual gross rent is £11,100 and the gross yield on the £80,000 guide is approximately 13.9%. The rent is an asking rent rather than achieved or passing rent. Net yield cannot be calculated because buyer fees, refurbishment costs, finance, operating costs and other charges are not supplied.

Flip Analysis

At the £80,000 guide and £80,000 base GDV, no surplus is demonstrated before buyer costs, works, finance and selling costs. The latest same-address sale at £70,000 creates meaningful downside risk. A reliable flip surplus cannot be calculated because no supported selling allowance or full project-cost data is provided.

Investor Risks & Due Diligence

• The latest same-address completed sale was £70,000, below the £80,000 guide.

• The £925 pcm figure is an advertised asking rent, not achieved or passing rent.

• The buyer fee is not stated, and seller charges and possible VAT are unknown.

• No refurbishment budget can be supported from the supplied evidence.

• EPC, council tax, parking and heating information are not supplied.

• The high comparable of £108,000 may not be directly comparable because property condition and specification are not provided.

Recommendation

Potential buy-to-let only if the £925 pcm asking rent is validated and legal, inspection and fee checks are satisfactory. The guide should be approached cautiously given the £70,000 same-address sale and unknown buyer and seller charges.

Strategy Rating

Analysis Confidence

There is useful same-address and nearby sold-price evidence plus one advertised rental listing, but condition detail, achieved rent, EPC, costs, fees, finance assumptions and legal information are incomplete.