Birkland Street, Mansfield, Nottinghamshire

This is an opportunity to acquire a one-bedroom ground floor flat in Mansfield, currently vacant and presenting a strong investment prospect. The property has previously been rented out and now requires some refurbishment, allowing new owners to enhance the space to their liking. With essential living areas on the ground floor and located conveniently close to local amenities, this flat is well-suited for both investors aiming to capitalize on rental yields and first-time buyers looking for an affordable entry into the property market. Once improvements are made, it is estimated that the rental value could reach around £525 PCM, which translates to an attractive gross yield of approximately 16%. The leasehold comes with about 103 years remaining, providing peace of mind regarding ownership duration. Given its proximity to Mansfield town centre and wider transport links, this property holds significant potential for future value appreciation.