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2 bed flat for sale Chaucer Street, Mansfield, NG18

Asking price

£80,000

Reduced on 09/10/2026

Type: Flat
Bedrooms: 2
Bathrooms: 1
Tenure: Ask agent

Council tax Band A £1,734 a year

Key features

Tenant in situ with immediate rental income
Current rent of £690.00 pcm (£8,280 per annum)
Gross rental yield of around 9.8%
Well-presented two-bedroom second-floor apartment
Spacious open-plan lounge/kitchen
Allocated parking space within a gated parking area
Recently secured tenancy
Low-maintenance investment
Popular town centre location
Walking distance to bus and train stations

About this property

ATTRACTIVE INVESTMENT OPPORTUNITY – TENANT IN SITU

Attention investors!! This is an excellent opportunity to acquire a well-presented two-bedroom second-floor apartment offering an attractive income stream from day one and a gross rental yield of around 9.8%.

The property is currently let at £690 pcm (£8,280 per annum), with a new tenancy commencing on 10th July 2026, providing immediate rental income and eliminating any initial void period. Opportunities offering yields at this level are increasingly sought after, making this a particularly attractive proposition for both experienced and first-time investors.

Council tax

Band A £1,734 a year

Per year

Band A

This home: £1,734
Band B

£2,023
Band C

£2,311
Band D

£2,600
Band E

£3,178
Band F

£3,756
Band G

£4,334
Band H

£5,201

This home is in band A, which costs £1,734 a year in Mansfield for 2026/27.

Figures from MHCLG (Open Government Licence v3): the average bill for each band across Mansfield, including the typical parish precept, so a parish's own bill can differ a little. Discounts lower the bill, such as 25% off for an adult living alone. Check a home's band on GOV.UK.

Price guide

23 comparables · within 2.6 miles

Cheaper than 78% of the 2-bed flats for sale nearby right now.

This home, £80,000 Median £100,000 · £80,000 – £156,000

Compared with 23 2-bed flats for sale within 2.6 miles, on the market now or already under offer. The range is the middle 80% of their asking prices.

Location

Chaucer Street, Mansfield, NG18

Open map Street View

Mortgage and stamp duty

Property price £80,000

£40k £120k

Deposit10% £8,000

£0 £80k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £72,000 mortgage. Most lenders would want a household income of about £16,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.

Properties sold nearby

HM Land Registry sales nearby. Floor areas from Energy Performance Certificates where matched.

Address	Type	Sold	Size	Size	£/sq ft	Price
Apartment 47, Stockwell House, The Connexion Flat / maisonette	Flat / maisonette	Jun 2026	431 sq ft £163/sq ft	431 sq ft	£163	£70,000
Apartment 55, Bancroft House, The Connexion Flat / maisonette	Flat / maisonette	Apr 2026	517 sq ft £155/sq ft	517 sq ft	£155	£80,000
Apartment 36, Stockwell House, The Connexion Flat / maisonette	Flat / maisonette	Feb 2026	560 sq ft £161/sq ft	560 sq ft	£161	£90,000
9, Goldsmith House, The Connexion Flat / maisonette	Flat / maisonette	Feb 2026	549 sq ft £155/sq ft	549 sq ft	£155	£85,000
Apartment 51, Bancroft House, The Connexion Flat / maisonette	Flat / maisonette	Nov 2025	517 sq ft £145/sq ft	517 sq ft	£145	£75,000
Apartment 39, Stockwell House, The Connexion Flat / maisonette	Flat / maisonette	Sept 2025	463 sq ft £160/sq ft	463 sq ft	£160	£74,000
Apartment 57, Bancroft House, The Connexion Flat / maisonette	Flat / maisonette	Aug 2025	581 sq ft £146/sq ft	581 sq ft	£146	£85,000
23, Belvedere House, The Connexion Flat / maisonette	Flat / maisonette	Feb 2025	592 sq ft £144/sq ft	592 sq ft	£144	£85,000