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89 Union Street, Mansfield, Nottinghamshire NG18 1RW - Image 1
89 Union Street, Mansfield, Nottinghamshire NG18 1RW - Image 2
89 Union Street, Mansfield, Nottinghamshire NG18 1RW - Image 3

89 Union Street, Mansfield, Nottinghamshire NG18 1RW

East Midlands

£69,500Guide Price

Listed on 06/09/2026

The listing

Property details

Bedrooms
2
Type
Terraced

Description

This two-bedroom terraced house presents a unique investment opportunity in a desirable residential area, just a short walk from the town centre. The property is ideal for those looking to generate a significant rental income, with potential earnings estimated between £9,000 and £10,000 per year. There is also scope for development, as the layout allows for conversion into a three-bedroom home, which could further enhance rental prospects. The accommodation comprises a lounge, dining room, kitchen with an adjoining store/utility area, two double bedrooms, and an upstairs bathroom. Additionally, there is potential for extending the property to include a downstairs bathroom, subject to planning permission. The location boasts proximity to local amenities, shops, and cafes, making it attractive for prospective tenants. Viewings are available, along with a walkthrough video tour for a comprehensive look at the property. Offered at auction on 30 September 2026.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

54out of 100
Grade DWeak opportunity

Confidence: LOW

This two-bedroom terraced house presents a solid investment opportunity within a sought-after residential area, especially at the guide price of £69,500, which is significantly below the local average sale price of £240,773. While the property does show signs of wear and visible damp in several areas, this is a chance to create your vision. The dated interiors offer a blank canvas for renovation, allowing new owners to refresh the living spaces, bedrooms, and kitchen to attract potential tenants and increase rental income.

With the potential to convert the property into a three-bedroom layout, you can capitalize on the rental market, which suggests an impressive yearly income of between £9,000 and £10,000. The garden area, while currently overgrown, can also be transformed into an appealing outdoor space. Overall, while there are visible challenges, this property offers a unique opportunity for those willing to invest in its improvement.

Key opportunities

  • Potential to convert to a three-bedroom layout, increasing rental income prospects.
  • Opportunity to refresh and modernize dated interiors, enhancing overall appeal.
  • Transform the overgrown garden into a desirable outdoor space.

Key risks

  • Visible damp issues throughout may require attention.
  • General condition could deter potential tenants until improvements are made.
  • Light renovation scale may still demand a budget of £40,000 to £80,000.

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Map

Location

89 Union Street, Mansfield, Nottinghamshire NG18 1RW
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£263
Based on a loan of £52,125 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Tax

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Indicative tax based on the asking price and the options you select.

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