Church Drive

PROPERTY INFORMATION

92 Church Drive is a well-presented three-bedroom mid-terrace freehold property in the established residential area of Shirebrook, Mansfield. The property offers a practical layout suited to modern tenants, comprising:

• Three bedrooms
• Patio doors opening onto the rear garden
• Driveway providing off-road parking
• Downstairs WC
• EPC Rating: B
• Tenure: Freehold (no ground rent or service charge)

INVESTMENT INFORMATION

• Guide price: £145,000
• Current rental income: £750 pcm (£9,000 per annum)
• Gross yield: approximately 6.2%
• Freehold tenure, with no ground rent or service charge to erode returns
• Driveway and garden add to tenant appeal and reduce void periods

REASONS TO INVEST

• Strong gross yield of 6.2%, comfortably outperforming many regional and national averages
• Freehold title ensures returns are not diluted by ground rent or service charges
• Off-road parking and a private garden with patio doors are highly sought after by tenants, supporting strong occupancy
• Three-bedroom configuration broadens the tenant pool to families and sharers alike
• Competitively priced against the NG20 area average (circa £137,000), with scope for capital appreciation
• EPC B rating supports lower running costs for tenants and future-proofs against tightening minimum energy efficiency standards

LOCATION INFORMATION

Shirebrook is a well-connected Derbyshire town close to the Nottinghamshire border, offering excellent access to the M1 motorway and the wider Mansfield employment, retail, and amenity base. The area benefits from local schools, shops, green spaces, and ongoing regeneration, all of which continue to support steady tenant demand. Church Drive is a quiet residential road within easy reach of local amenities and transport links.