Summary - 31 College House, The Connexion, Chaucer Street, MANSFIELD NG18 5PB
2 bed 1 bath Apartment
Investor-ready two-bedroom flat with parking and c.8.5% gross yield.
One of four slightly larger layout apartments
A compact two-bedroom apartment in College House, The Connexion, offering an investor-ready town-centre purchase. One of only four flats of this slightly larger layout, it is presented in good order and benefits from gas central heating, UPVC double glazing and a fitted kitchen with built-in oven and gas hob.
The property is sold subject to an existing tenancy created September 2025, producing £670pcm (gross yield c. 8.5% at the asking price). It includes a designated parking space and communal gardens within a gated development, plus fibre broadband included in the service charge.
Practical points for buyers: the flat is leasehold (approx. 177 years remaining) with a service charge of about £1,200 per year. There is no lift to upper floors. The building sits in a very deprived area with a very high recorded crime level, which may affect tenant demand and rental growth compared with quieter locations.
Overall this is a straightforward buy-to-let aimed at investors seeking immediate income from a modern, low-maintenance flat in Mansfield town centre. The combination of vacant-freehold management structure and long lease reduces long-term title risk, but purchasers should weigh location-related letting risks and the ongoing service charge when assessing net returns.
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